According to the public record, 43B, Mansfield Road, Ilford is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 43, Mansfield Road, Ilford, IG1.
Mansfield Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
43B, Mansfield Road, Ilford has a single entry in the Land Registry database from February 2019 and a single entry in the EPC database dated May 2019.
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 43B Mansfield Road Ilford as £288,251 and the rental value as £1,327 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 43B Mansfield Road Ilford has increased by £3,333 (1.2%) and its rental value has increased by £51 per month (3.9%).
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 43B, Mansfield Road, Ilford is in very good condition we estimate a sale value of £302,664 and rental value of £1,394 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £268,074 and a rental value of £1,234 per month.
If you were able to purchase this property for the estimated value of £288,251, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,417 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, 43B, Mansfield Road, Ilford was last sold on 20 Feb 2019 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2019, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43B, Mansfield Road, Ilford within a radius of 370 metres over the last 2 years.
The most recent example is Flat 1, 38B, Mansfield Road, Ilford, IG1 3BD, a Leasehold flat which sold for £265,000 in Mar 2021.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mansfield Road, Ilford, IG1 has a total of 259 addresses. According to our analysis of all the public data, 43B, Mansfield Road, Ilford is the 136th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in IG1.
43B, Mansfield Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 May 2019.
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 43B, Mansfield Road, Ilford is Ilford station which is 500 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 43B, Mansfield Road, Ilford, 67.3% of property is privately rented and 15.3% 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 43B, Mansfield Road, Ilford, 20.2% of residents are recorded as possessing school level qualifications and 42.7% 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 43B, Mansfield 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 43B, Mansfield 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 43B, Mansfield Road, Ilford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.