According to the public record, 53A, Selborne Road, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 707 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 53, Selborne Road, Ilford, IG1.
Selborne Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
53A, Selborne Road, Ilford has 21 entries in the Land Registry database, most recently in March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 53A Selborne Road Ilford as £338,043 and the rental value as £1,683 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 53A Selborne Road Ilford has increased by £3,880 (1.1%) and its rental value has increased by £66 per month (3.9%).
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, Selborne Road, Ilford is in very good condition we estimate a sale value of £354,945 and rental value of £1,767 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,380 and a rental value of £1,565 per month.
If you were able to purchase this property for the estimated value of £338,043, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,661 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, Selborne Road, Ilford was last sold on 30 Mar 2007 for £200,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2007, the market for similar properties has risen 59.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53A, Selborne Road, Ilford within a radius of 370 metres over the last 2 years.
The most recent example is Flat 4, 44, Mansfield Road, Ilford, IG1 3BD, a Leasehold flat which sold for £365,000 in Dec 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Selborne Road, Ilford, IG1 has a total of 138 addresses. According to our analysis of all the public data, 53A, Selborne Road, Ilford is the 43rd largest and the 36th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in IG1.
The closest station to 53A, Selborne Road, Ilford is Ilford station which is 300 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 53A, Selborne Road, Ilford, 63.7% of property is privately rented and 18.5% 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, Selborne Road, Ilford, 20.0% of residents are recorded as possessing school level qualifications and 39.4% 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, Selborne Road, 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, Selborne 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 53A, Selborne Road, Ilford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.