According to the public record, 7A, Shere Road, Ilford is a mid-century apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Shere Road, Ilford, IG2.
Shere Road, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
7A, Shere Road, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated January 2021.
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 7A Shere Road Ilford as £248,680 and the rental value as £1,434 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 7A Shere Road Ilford has increased by £169 (0.1%) and its rental value has increased by £31 per month (2.2%).
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 7A, Shere Road, Ilford is in very good condition we estimate a sale value of £261,113 and rental value of £1,506 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,272 and a rental value of £1,334 per month.
If you were able to purchase this property for the estimated value of £248,680, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,222 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, 7A, Shere Road, Ilford was last sold on 02 Aug 2002 for £135,000 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 7A, Shere Road, Ilford within a radius of 360 metres over the last 2 years.
The most recent example is Flat 7, City Gate House 399-425, Eastern Avenue, Ilford, IG2 6LQ, a Leasehold flat which sold for £337,500 in Nov 2022.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shere Road, Ilford, IG2 has a total of 61 addresses. According to our analysis of all the public data, 7A, Shere Road, Ilford is the 58th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £224k less expensive than the average property in IG2.
7A, Shere Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jan 2021.
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 7A, Shere Road, Ilford is Gants Hill 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 7A, Shere Road, Ilford, 37.0% of property is privately owned with a mortgage and 30.4% 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 7A, Shere Road, Ilford, 30.7% of residents are recorded as possessing school level qualifications and 46.9% 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 7A, Shere Road, Ilford, the average age was 35.8 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 7A, Shere Road, Ilford, 0.8% 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 7A, Shere 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.