According to the public record, 638C, Green Lane, Ilford is a period apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 638, Green Lane, Ilford, IG3.
Green Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
638C, Green Lane, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated August 2022.
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 638C Green Lane Ilford as £212,697 and the rental value as £1,028 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 638C Green Lane Ilford has increased by £1,310 (0.6%) and its rental value has increased by £42 per month (4.1%).
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 638C, Green Lane, Ilford is in very good condition we estimate a sale value of £223,332 and rental value of £1,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £197,808 and a rental value of £956 per month.
If you were able to purchase this property for the estimated value of £212,697, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,045 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, 638C, Green Lane, Ilford was last sold on 07 Jan 2002 for £72,000 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 1 sale of a property similar to 638C, Green Lane, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 9D, Broomhill Road, Ilford, IG3 9SH, a Leasehold flat which sold for £216,000 in Feb 2016.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Green Lane, Ilford, IG3 has a total of 580 addresses. According to our analysis of all the public data, 638C, Green Lane, Ilford is the 545th largest and the 510th most expensive property on the street.
When compared to the postcode district it is £254k less expensive than the average property in IG3.
638C, Green Lane, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Aug 2022.
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 638C, Green Lane, Ilford is Goodmayes station which is 400 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 638C, Green Lane, Ilford, 38.3% of property is privately rented and 31.3% 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 638C, Green Lane, Ilford, 24.9% of residents are recorded as possessing school level qualifications and 38.9% 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 638C, Green Lane, 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 638C, Green Lane, 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 638C, Green Lane, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.