According to the public record, 2B, York Road, Ilford is a period leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 2, York Road, Ilford, IG1.
York Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
2B, York Road, Ilford has a single entry in the Land Registry database from July 2010 and a single entry in the EPC database dated November 2021.
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 2B York Road Ilford as £291,434 and the rental value as £1,717 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 2B York Road Ilford has increased by £5,687 (2.0%) and its rental value has increased by £82 per month (4.8%).
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 2B, York Road, Ilford is in very good condition we estimate a sale value of £306,005 and rental value of £1,803 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,033 and a rental value of £1,597 per month.
If you were able to purchase this property for the estimated value of £291,434, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,432 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, 2B, York Road, Ilford was last sold on 16 Jul 2010 for £205,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2010, the market for similar properties has risen 81.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2B, York Road, Ilford within a radius of 330 metres over the last 2 years.
The most recent example is Flat 212, Valentines House 51-69, Ilford Hill, Ilford, IG1 2DG, a Leasehold flat which sold for £409,000 in Sep 2018.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
York Road, Ilford, IG1 has a total of 153 addresses. According to our analysis of all the public data, 2B, York Road, Ilford is the 28th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £133k less expensive than the average property in IG1.
2B, York Road, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Nov 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 2B, York Road, Ilford is Ilford station which is 0 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 2B, York Road, Ilford, 73.7% of property is privately rented and 16.8% is socially 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 2B, York Road, Ilford, 24.6% of residents are recorded as possessing school level qualifications and 38.9% 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 2B, York Road, 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 2B, York Road, Ilford, 0.4% 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 2B, York Road, Ilford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.