According to the public record, Flat 1, 44, Wellwood Road, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 462 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 44, Wellwood Road, Ilford, IG3.
Wellwood Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
Flat 1, 44, Wellwood Road, Ilford has a single entry in the Land Registry database from September 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 44 Wellwood Road Ilford as £261,422 and the rental value as £1,513 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 1 44 Wellwood Road Ilford has increased by £2,107 (0.8%) and its rental value has increased by £67 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, 44, Wellwood Road, Ilford is in very good condition we estimate a sale value of £274,493 and rental value of £1,589 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,122 and a rental value of £1,407 per month.
If you were able to purchase this property for the estimated value of £261,422, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,285 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, 44, Wellwood Road, Ilford was last sold on 29 Sep 2006 for £145,000 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 Flat 1, 44, Wellwood Road, Ilford within a radius of 450 metres over the last 2 years.
The most recent example is Flat 2, 2, Kingswood Road, Ilford, IG3 8UE, a Leasehold flat which sold for £180,000 in Apr 2023.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellwood Road, Ilford, IG3 has a total of 179 addresses. According to our analysis of all the public data, Flat 1, 44, Wellwood Road, Ilford is the 135th largest and the 134th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in IG3.
The closest station to Flat 1, 44, Wellwood Road, Ilford is Goodmayes station which is 300 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, 44, Wellwood Road, Ilford, 56.1% of property is privately rented and 17.1% 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, 44, Wellwood Road, Ilford, 26.7% of residents are recorded as possessing school level qualifications and 38.1% 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, 44, Wellwood Road, Ilford, the average age was 34.6 and the most common age was 42.
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, 44, Wellwood Road, 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, 44, Wellwood Road, 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.