According to the public record, Flat 1, 77, Meads Lane, Ilford is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 77, Meads Lane, Ilford, IG3.
Meads Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
Flat 1, 77, Meads Lane, Ilford has 31 entries in the Land Registry database, most recently in November 2015 and a single entry in the EPC database dated January 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 77 Meads Lane Ilford as £304,931 and the rental value as £1,400 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 1 77 Meads Lane Ilford has increased by £3,735 (1.2%) and its rental value has increased by £63 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, 77, Meads Lane, Ilford is in very good condition we estimate a sale value of £320,177 and rental value of £1,470 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,586 and a rental value of £1,302 per month.
If you were able to purchase this property for the estimated value of £304,931, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,499 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, 77, Meads Lane, Ilford was last sold on 12 Nov 2015 for £245,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2015, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 77, Meads Lane, Ilford within a radius of 450 metres over the last 2 years.
The most recent example is 57B, Norfolk Road, Ilford, IG3 8LH, a Leasehold flat which sold for £139,000 in Jun 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meads Lane, Ilford, IG3 has a total of 175 addresses. According to our analysis of all the public data, Flat 1, 77, Meads Lane, Ilford is the 154th largest and the 135th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in IG3.
Flat 1, 77, Meads Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Jan 2014.
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, 77, Meads Lane, Ilford is Seven Kings 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 Flat 1, 77, Meads Lane, Ilford, 43.6% of property is privately rented and 26.3% is privately owned with a mortgage.
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, 77, Meads Lane, Ilford, 34.1% of residents are recorded as possessing school level qualifications and 33.3% 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, 77, Meads 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 Flat 1, 77, Meads 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 Flat 1, 77, Meads 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.