According to the public record, 7B, The Drive, Ilford is a period apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 7, The Drive, Ilford, IG1.
The Drive, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
7B, The Drive, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated October 2023.
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 7B The Drive Ilford as £223,310 and the rental value as £1,372 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 7B The Drive Ilford has increased by £1,893 (0.8%) and its rental value has increased by £49 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 7B, The Drive, Ilford is in very good condition we estimate a sale value of £234,476 and rental value of £1,440 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,679 and a rental value of £1,276 per month.
If you were able to purchase this property for the estimated value of £223,310, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,097 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, 7B, The Drive, Ilford was last sold on 24 Nov 1995 for £30,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7B, The Drive, Ilford within a radius of 410 metres over the last 2 years.
The most recent example is 17B, Endsleigh Gardens, Ilford, IG1 3EQ, a Leasehold flat which sold for £213,000 in Jun 2021.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Ilford, IG1 has a total of 353 addresses. According to our analysis of all the public data, 7B, The Drive, Ilford is the 290th largest and the 308th most expensive property on the street.
When compared to the postcode district it is £201k less expensive than the average property in IG1.
7B, The Drive, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Oct 2023.
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 7B, The Drive, 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 7B, The Drive, Ilford, 59.8% of property is privately rented and 17.3% 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 7B, The Drive, Ilford, 25.2% of residents are recorded as possessing school level qualifications and 43.3% 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 7B, The Drive, 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 7B, The Drive, 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 7B, The Drive, Ilford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.