According to the public record, Apartment 9, Montague House 527, Ilford is a leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 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 9, Montague House 527, Ilford has a single entry in the Land Registry database from September 2007 and a single entry in the EPC database dated February 2020.
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 9 Montague House 527 Ilford as £254,228 and the rental value as £1,447 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Apartment 9 Montague House 527 Ilford has decreased by £2,627 (1.0%) and its rental value has increased by £35 per month (2.4%).
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 9, Montague House 527, Ilford is in very good condition we estimate a sale value of £266,940 and rental value of £1,519 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,432 and a rental value of £1,345 per month.
If you were able to purchase this property for the estimated value of £254,228, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,249 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 9, Montague House 527, Ilford was last sold on 21 Sep 2007 for £245,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2007, the market for similar properties has risen 46.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 9, Montague House 527, Ilford within a radius of 420 metres over the last 2 years.
The most recent example is Apartment 11, Montague House 527, Green Lane, Ilford, IG3 9RH, a Leasehold flat under offer by Sold.co.uk in Jul 2023.
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 9, Montague House 527, Ilford is the 328th largest and the 382nd most expensive property on the street.
When compared to the postcode district it is £213k less expensive than the average property in IG3.
Apartment 9, Montague House 527, Ilford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Feb 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Apartment 9, 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 9, 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 9, 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 9, 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 9, 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 9, 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.