According to the public record, Apartment 15, Montague House 527, Ilford is a leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Montague House, Green Lane, Ilford, IG3.
Green Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
Apartment 15, Montague House 527, Ilford has a single entry in the Land Registry database from January 2008 and a single entry in the EPC database dated February 2015.
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 Apartment 15 Montague House 527 Ilford as £298,348 and the rental value as £1,648 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Apartment 15 Montague House 527 Ilford has decreased by £1,509 (0.5%) and its rental value has increased by £49 per month (3.0%).
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 Apartment 15, Montague House 527, Ilford is in very good condition we estimate a sale value of £313,265 and rental value of £1,730 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,464 and a rental value of £1,532 per month.
If you were able to purchase this property for the estimated value of £298,348, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,466 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, Apartment 15, Montague House 527, Ilford was last sold on 25 Jan 2008 for £225,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2008, the market for similar properties has risen 49.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 15, Montague House 527, Ilford within a radius of 420 metres over the last 2 years.
The most recent example is Apartment 4, Montague House 527, Green Lane, Ilford, IG3 9RH, a Leasehold flat which sold for £265,000 in Sep 2017.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Green Lane, Ilford, IG3 has a total of 580 addresses. According to our analysis of all the public data, Apartment 15, Montague House 527, Ilford is the 212th largest and the 298th most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in IG3.
Apartment 15, Montague House 527, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Feb 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 15, Montague House 527, Ilford is Goodmayes 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 Apartment 15, Montague House 527, Ilford, 40.0% of property is privately owned outright and 32.7% 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 Apartment 15, Montague House 527, Ilford, 25.3% of residents are recorded as possessing school level qualifications and 35.7% 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 Apartment 15, Montague House 527, Ilford, the average age was 34.2 and the most common age was 37.
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 Apartment 15, Montague House 527, Ilford, 0.0% 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 Apartment 15, Montague House 527, Ilford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.