According to the public record, Flat 1, 8, Granville Road, Ilford is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 8, Granville Road, Ilford, IG1.
Granville Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 1, 8, Granville Road, Ilford has a single entry in the Land Registry database from November 2012 and a single entry in the EPC database dated May 2016.
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 8 Granville Road Ilford as £302,784 and the rental value as £1,542 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 1 8 Granville Road Ilford has increased by £4,075 (1.3%) and its rental value has increased by £63 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 Flat 1, 8, Granville Road, Ilford is in very good condition we estimate a sale value of £317,923 and rental value of £1,619 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,589 and a rental value of £1,434 per month.
If you were able to purchase this property for the estimated value of £302,784, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,488 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, 8, Granville Road, Ilford was last sold on 27 Nov 2012 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2012, the market for similar properties has risen 75.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 8, Granville Road, Ilford within a radius of 410 metres over the last 2 years.
The most recent example is 61A, Balfour Road, Ilford, IG1 4HR, a Leasehold flat which sold for £350,000 in Jun 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Granville Road, Ilford, IG1 has a total of 31 addresses. According to our analysis of all the public data, Flat 1, 8, Granville Road, Ilford is the 16th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in IG1.
Flat 1, 8, Granville Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 May 2016.
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, 8, Granville Road, Ilford is Ilford 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 Flat 1, 8, Granville Road, Ilford, 62.1% of property is privately rented and 23.5% is socially 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, 8, Granville Road, Ilford, 17.4% of residents are recorded as possessing school level qualifications and 41.6% 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, 8, Granville Road, Ilford, the average age was 35 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, 8, Granville Road, Ilford, 0.6% 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, 8, Granville Road, Ilford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.