According to the public record, 53A, Green Lane, Ilford is a period leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Green Lane, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
53A, Green Lane, Ilford has a single entry in the Land Registry database from December 2007 and a single entry in the EPC database dated October 2022.
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 53A Green Lane Ilford as £469,605 and the rental value as £1,982 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 53A Green Lane Ilford has increased by £8,081 (1.7%) and its rental value has increased by £98 per month (5.0%).
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 53A, Green Lane, Ilford is in very good condition we estimate a sale value of £493,086 and rental value of £2,081 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £436,733 and a rental value of £1,843 per month.
If you were able to purchase this property for the estimated value of £469,605, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,308 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, 53A, Green Lane, Ilford was last sold on 21 Dec 2007 for £330,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 58.6%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 450 metres radius of 53A, Green Lane, Ilford over the last 2 years.
The most recent example is 6B Connaught Mews, Connaught Road, Ilford, IG1 1RN, a Leasehold flat which sold for £190,000 in Oct 2016.
Read more about house prices in IG1.
Green Lane, Ilford, IG1 has a total of 317 addresses. According to our analysis of all the public data, 53A, Green Lane, Ilford is the 54th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £45k more expensive than the average property in IG1.
53A, Green Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Oct 2022.
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 53A, Green Lane, Ilford is Ilford station which is 1.0 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 53A, Green Lane, Ilford, 60.2% of property is privately rented and 14.2% 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 53A, Green Lane, Ilford, 24.0% 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 53A, Green Lane, Ilford, the average age was 33.7 and the most common age was 32.
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 53A, Green Lane, 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 53A, Green Lane, Ilford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.