According to the public record, Flat 1, 334, Mortlake Road, Ilford is a period leasehold apartment with 821 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 334, Mortlake Road, Ilford, IG1.
Mortlake Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 1, 334, Mortlake Road, Ilford has 21 entries in the Land Registry database, most recently in August 2010 and a single entry in the EPC database dated January 2010.
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 Flat 1 334 Mortlake Road Ilford as £277,488 and the rental value as £1,673 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 1 334 Mortlake Road Ilford has increased by £2,948 (1.1%) and its rental value has increased by £75 per month (4.5%).
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 Flat 1, 334, Mortlake Road, Ilford is in very good condition we estimate a sale value of £291,362 and rental value of £1,756 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,064 and a rental value of £1,556 per month.
If you were able to purchase this property for the estimated value of £277,488, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,364 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, Flat 1, 334, Mortlake Road, Ilford was last sold on 31 Aug 2010 for £244,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2010, the market for similar properties has risen 74.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 334, Mortlake Road, Ilford within a radius of 500 metres over the last 2 years.
The most recent example is 346A, Henley Road, Ilford, IG1 2TJ, a Leasehold flat which sold for £127,000 in Jul 2021.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mortlake Road, Ilford, IG1 has a total of 402 addresses. According to our analysis of all the public data, Flat 1, 334, Mortlake Road, Ilford is the 328th largest and the 355th most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in IG1.
Flat 1, 334, Mortlake Road, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Jan 2010.
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 Flat 1, 334, Mortlake Road, Ilford is Seven Kings station which is 1.2 kilometres 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 Flat 1, 334, Mortlake Road, Ilford, 40.2% of property is privately owned with a mortgage and 32.3% is privately rented.
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 Flat 1, 334, Mortlake Road, Ilford, 26.8% of residents are recorded as possessing school level qualifications and 35.7% 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 Flat 1, 334, Mortlake Road, Ilford, the average age was 34.7 and the most common age was 12.
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 Flat 1, 334, Mortlake Road, Ilford, 0.2% 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 Flat 1, 334, Mortlake Road, Ilford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.