According to the public record, Apartment 2, Vector Point 1-5, Ilford is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Vector Point, Hainault Bridge Parade, Ilford, IG1.
Hainault Bridge Parade, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Apartment 2, Vector Point 1-5, Ilford has 2 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated February 2016.
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 2 Vector Point 1-5 Ilford as £296,477 and the rental value as £1,563 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Apartment 2 Vector Point 1-5 Ilford has decreased by £1,512 (0.5%) and its rental value has increased by £35 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 Apartment 2, Vector Point 1-5, Ilford is in very good condition we estimate a sale value of £311,300 and rental value of £1,641 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,723 and a rental value of £1,454 per month.
If you were able to purchase this property for the estimated value of £296,477, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,457 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 2, Vector Point 1-5, Ilford was last sold on 24 Mar 2016 for £270,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 9.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 2, Vector Point 1-5, Ilford within a radius of 380 metres over the last 2 years.
The most recent example is Flat 43, Spectrum Tower 2-20, Hainault Street, Ilford, IG1 4GZ, a Leasehold flat which sold for £260,000 in Apr 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hainault Bridge Parade, Ilford, IG1 has a total of 24 addresses. According to our analysis of all the public data, Apartment 2, Vector Point 1-5, Ilford is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in IG1.
Apartment 2, Vector Point 1-5, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Feb 2016.
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 Apartment 2, Vector Point 1-5, Ilford is Ilford station which is 400 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 2, Vector Point 1-5, Ilford, 54.4% of property is socially rented and 29.1% is privately rented.
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 2, Vector Point 1-5, Ilford, 34.2% of residents are recorded as possessing school level qualifications and 37.9% 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 Apartment 2, Vector Point 1-5, 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 Apartment 2, Vector Point 1-5, 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 2, Vector Point 1-5, Ilford, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.