According to the public record, 3A, Spurway Parade, Ilford is a early-century apartment with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Spurway Parade, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
3A, Spurway Parade, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated March 2019.
We combine this information with public data 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 3A Spurway Parade Ilford as £336,869 and the rental value as £1,973 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 3A Spurway Parade Ilford has increased by £3,299 (1.0%) and its rental value has increased by £56 per month (2.8%).
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 3A, Spurway Parade, Ilford is in very good condition we estimate a sale value of £353,713 and rental value of £2,072 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £313,288 and a rental value of £1,835 per month.
If you were able to purchase this property for the estimated value of £336,869, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,656 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, 3A, Spurway Parade, Ilford was last sold on 23 Aug 1995 for £49,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3A, Spurway Parade, Ilford within a radius of 510 metres over the last 2 years.
The most recent example is 251A, Beehive Lane, Ilford, IG4 5ED, a Leasehold flat which sold for £145,000 in Jan 2013.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spurway Parade, Ilford, IG2 has a total of 13 addresses. According to our analysis of all the public data, 3A, Spurway Parade, Ilford is the largest and the most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in IG2.
3A, Spurway Parade, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3A, Spurway Parade, Ilford is Gants Hill station which is 700 metres 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 3A, Spurway Parade, Ilford, 38.0% of property is privately rented and 37.4% is privately owned outright.
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 3A, Spurway Parade, Ilford, 16.5% of residents are recorded as possessing school level qualifications and 36.0% 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 3A, Spurway Parade, Ilford, the average age was 40 and the most common age was 42.
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 3A, Spurway Parade, 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 3A, Spurway Parade, Ilford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.