According to the public record, 3B, Broadway Market, Ilford is a early-century leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 3, Broadway Market, Ilford, IG6.
Broadway Market, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
3B, Broadway Market, Ilford has 51 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated July 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 3B Broadway Market Ilford as £247,319 and the rental value as £1,485 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 3B Broadway Market Ilford has increased by £4,200 (1.7%) and its rental value has increased by £39 per month (2.6%).
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 3B, Broadway Market, Ilford is in very good condition we estimate a sale value of £259,685 and rental value of £1,559 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,007 and a rental value of £1,381 per month.
If you were able to purchase this property for the estimated value of £247,319, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,215 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, 3B, Broadway Market, Ilford was last sold on 08 Mar 2022 for £244,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3B, Broadway Market, Ilford within a radius of 600 metres over the last 2 years.
The most recent example is 122A, High Street, Ilford, IG6 2DZ, a Leasehold flat which sold for £144,500 in May 2010.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Broadway Market, Ilford, IG6 has a total of 8 addresses. According to our analysis of all the public data, 3B, Broadway Market, Ilford is the 3rd largest and the 7th most expensive property on the street.
When compared to the postcode district it is £220k less expensive than the average property in IG6.
3B, Broadway Market, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jul 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 3B, Broadway Market, Ilford is Fairlop station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3B, Broadway Market, Ilford, 45.0% of property is privately rented and 22.5% is privately owned outright.
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 3B, Broadway Market, Ilford, 24.1% of residents are recorded as possessing school level qualifications and 34.1% 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 3B, Broadway Market, Ilford, the average age was 37.1 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 3B, Broadway Market, 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 3B, Broadway Market, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.