According to the public record, Flat 1, 38, Postway Mews, Ilford is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 38, Postway Mews, Ilford, IG1.
Postway Mews, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 1, 38, Postway Mews, Ilford has a single entry in the Land Registry database from August 2016 and a single entry in the EPC database dated October 2014.
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 38 Postway Mews Ilford as £263,345 and the rental value as £1,440 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 1 38 Postway Mews Ilford has increased by £2,320 (0.9%) and its rental value has increased by £54 per month (3.7%).
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, 38, Postway Mews, Ilford is in very good condition we estimate a sale value of £276,512 and rental value of £1,512 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,910 and a rental value of £1,339 per month.
If you were able to purchase this property for the estimated value of £263,345, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,294 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, 38, Postway Mews, Ilford was last sold on 11 Aug 2016 for £245,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2016, the market for similar properties has risen 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 38, Postway Mews, Ilford within a radius of 340 metres over the last 2 years.
The most recent example is Flat 12, Churchill Court, Albert Road, Ilford, IG1 1NG, a Leasehold flat which sold for £260,000 in Feb 2020.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Postway Mews, Ilford, IG1 has a total of 34 addresses. According to our analysis of all the public data, Flat 1, 38, Postway Mews, Ilford is the 24th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £161k less expensive than the average property in IG1.
Flat 1, 38, Postway Mews, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Oct 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 38, Postway Mews, Ilford is Ilford station which is 200 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 Flat 1, 38, Postway Mews, Ilford, 36.2% of property is privately owned with a mortgage and 34.1% 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 Flat 1, 38, Postway Mews, Ilford, 29.1% of residents are recorded as possessing school level qualifications and 42.3% 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 Flat 1, 38, Postway Mews, 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 Flat 1, 38, Postway Mews, 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 Flat 1, 38, Postway Mews, Ilford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.