According to the public record, Flat 1, Heron Court, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 694 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Heron Court, Morland Road, Ilford, IG1.
Morland Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 1, Heron Court, Ilford has 21 entries in the Land Registry database, most recently in September 2007 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 Heron Court Ilford as £137,496 and the rental value as £834 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 1 Heron Court Ilford has increased by £976 (0.7%) and its rental value has increased by £29 per month (3.5%).
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, Heron Court, Ilford is in very good condition we estimate a sale value of £144,371 and rental value of £876 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £127,871 and a rental value of £776 per month.
If you were able to purchase this property for the estimated value of £137,496, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £676 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, Heron Court, Ilford was last sold on 26 Sep 2007 for £152,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2007, the market for similar properties has risen 46.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Heron Court, Ilford within a radius of 370 metres over the last 2 years.
The most recent example is Flat 40, Heron Court, Morland Road, Ilford, IG1 4EW, a Leasehold flat which sold for £122,500 in Jun 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morland Road, Ilford, IG1 has a total of 63 addresses. According to our analysis of all the public data, Flat 1, Heron Court, Ilford is the 17th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £287k less expensive than the average property in IG1.
The closest station to Flat 1, Heron Court, 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, Heron Court, Ilford, 48.9% of property is privately rented and 29.3% 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, Heron Court, Ilford, 26.6% of residents are recorded as possessing school level qualifications and 31.6% 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, Heron Court, 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, Heron Court, Ilford, 0.8% 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, Heron Court, 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.