According to the public record, 31B, Elgin Road, Ilford is a period leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 31, Elgin Road, Ilford, IG3.
Elgin Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
31B, Elgin Road, Ilford has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated August 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 31B Elgin Road Ilford as £216,331 and the rental value as £1,269 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 31B Elgin Road Ilford has increased by £1,363 (0.6%) and its rental value has increased by £51 per month (4.0%).
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 31B, Elgin Road, Ilford is in very good condition we estimate a sale value of £227,147 and rental value of £1,333 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,188 and a rental value of £1,180 per month.
If you were able to purchase this property for the estimated value of £216,331, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,063 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, 31B, Elgin Road, Ilford was last sold on 24 Mar 2017 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31B, Elgin Road, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 62B, Elgin Road, Ilford, IG3 8LN, a Leasehold flat which sold for £230,000 in May 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elgin Road, Ilford, IG3 has a total of 271 addresses. According to our analysis of all the public data, 31B, Elgin Road, Ilford is the 183rd largest and the 187th most expensive property on the street.
When compared to the postcode district it is £251k less expensive than the average property in IG3.
31B, Elgin Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Aug 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 31B, Elgin Road, Ilford is Seven Kings station which is 200 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 31B, Elgin Road, Ilford, 58.0% 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 31B, Elgin Road, Ilford, 22.7% of residents are recorded as possessing school level qualifications and 38.8% 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 31B, Elgin Road, 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 31B, Elgin Road, 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 31B, Elgin Road, Ilford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.