According to the public record, 14B, Goodmayes Lane, Ilford is a early-century leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 14, Goodmayes Lane, Ilford, IG3.
Goodmayes Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
14B, Goodmayes Lane, Ilford has 21 entries in the Land Registry database, most recently in September 2010 and a single entry in the EPC database dated March 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 14B Goodmayes Lane Ilford as £161,759 and the rental value as £1,031 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 14B Goodmayes Lane Ilford has increased by £1,085 (0.7%) and its rental value has increased by £44 per month (4.3%).
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 14B, Goodmayes Lane, Ilford is in very good condition we estimate a sale value of £169,847 and rental value of £1,082 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,436 and a rental value of £959 per month.
If you were able to purchase this property for the estimated value of £161,759, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £795 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, 14B, Goodmayes Lane, Ilford was last sold on 24 Sep 2010 for £140,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2010, the market for similar properties has risen 75.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 14B, Goodmayes Lane, Ilford within a radius of 430 metres over the last 2 years.
The most recent example is 7B, Broomhill Road, Ilford, IG3 9SH, a Leasehold flat which sold for £150,000 in May 2007.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Goodmayes Lane, Ilford, IG3 has a total of 265 addresses. According to our analysis of all the public data, 14B, Goodmayes Lane, Ilford is the 259th largest and the 265th most expensive property on the street.
When compared to the postcode district it is £305k less expensive than the average property in IG3.
14B, Goodmayes Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Mar 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 14B, Goodmayes Lane, Ilford is Goodmayes 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 14B, Goodmayes Lane, Ilford, 38.4% of property is privately rented and 33.6% 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 14B, Goodmayes Lane, Ilford, 27.0% of residents are recorded as possessing school level qualifications and 42.8% 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 14B, Goodmayes Lane, 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 14B, Goodmayes Lane, Ilford, 1.2% 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 14B, Goodmayes Lane, 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.