According to the public record, 56B, Grosvenor Road, Ilford is a period apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 56, Grosvenor Road, Ilford, IG1.
Grosvenor Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
56B, Grosvenor Road, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated April 2019.
We combine this information with public data 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 56B Grosvenor Road Ilford as £208,665 and the rental value as £1,281 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 56B Grosvenor Road Ilford has increased by £1,447 (0.7%) and its rental value has increased by £46 per month (3.6%).
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 56B, Grosvenor Road, Ilford is in very good condition we estimate a sale value of £219,098 and rental value of £1,345 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,058 and a rental value of £1,191 per month.
If you were able to purchase this property for the estimated value of £208,665, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,026 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, 56B, Grosvenor Road, Ilford was last sold on 24 May 2002 for £85,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56B, Grosvenor Road, Ilford within a radius of 390 metres over the last 2 years.
The most recent example is Flat 2, 15A , Richmond Road, Ilford, IG1 1JG, a Leasehold flat which sold for £253,000 in May 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grosvenor Road, Ilford, IG1 has a total of 135 addresses. According to our analysis of all the public data, 56B, Grosvenor Road, Ilford is the 114th largest and the 104th most expensive property on the street.
When compared to the postcode district it is £216k less expensive than the average property in IG1.
56B, Grosvenor Road, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Apr 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 56B, Grosvenor Road, Ilford is Ilford station which is 700 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 56B, Grosvenor Road, Ilford, 42.3% of property is privately rented and 26.0% 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 56B, Grosvenor Road, Ilford, 25.7% of residents are recorded as possessing school level qualifications and 33.2% 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 56B, Grosvenor 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 56B, Grosvenor Road, Ilford, 1.1% 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 56B, Grosvenor Road, 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.