According to the public record, 345A, Mortlake Road, Ilford is a period leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 345, Mortlake Road, Ilford, IG1.
Mortlake Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
345A, Mortlake Road, Ilford has 31 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 345A Mortlake Road Ilford as £277,192 and the rental value as £1,273 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 345A Mortlake Road Ilford has increased by £554 (0.2%) and its rental value has increased by £45 per month (3.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 345A, Mortlake Road, Ilford is in very good condition we estimate a sale value of £291,051 and rental value of £1,336 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £257,788 and a rental value of £1,184 per month.
If you were able to purchase this property for the estimated value of £277,192, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,362 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 345A, Mortlake Road, Ilford was last sold on 18 Mar 2016 for £275,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2016, the market for similar properties has risen 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 510 metres radius of 345A, Mortlake Road, Ilford over the last 2 years.
The most recent example is 343, Mortlake Road, Ilford, IG1 2TQ, a Freehold house which sold for £525,000 in Jun 2021.
Read more about house prices in IG1.
Mortlake Road, Ilford, IG1 has a total of 402 addresses. According to our analysis of all the public data, 345A, Mortlake Road, Ilford is the 396th largest and the 356th most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in IG1.
345A, Mortlake Road, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 345A, Mortlake Road, Ilford is Seven Kings station which is 1.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 345A, Mortlake Road, Ilford, 37.0% of property is privately owned outright and 36.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 345A, Mortlake Road, Ilford, 30.5% of residents are recorded as possessing school level qualifications and 35.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 345A, Mortlake Road, Ilford, the average age was 34.7 and the most common age was 12.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 345A, Mortlake Road, Ilford, 0.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 345A, Mortlake Road, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.