According to the public record, Flat 15, Heron Court, Ilford is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 3 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 15, Heron Court, Ilford has 21 entries in the Land Registry database, most recently in May 2019 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 15 Heron Court Ilford as £146,069 and the rental value as £896 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 15 Heron Court Ilford has increased by £2,013 (1.4%) and its rental value has increased by £37 per month (4.2%).
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 15, Heron Court, Ilford is in very good condition we estimate a sale value of £153,372 and rental value of £941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,844 and a rental value of £833 per month.
If you were able to purchase this property for the estimated value of £146,069, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £718 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 15, Heron Court, Ilford was last sold on 29 May 2019 for £129,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2019, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, 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 15, Heron Court, Ilford is the 7th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £279k less expensive than the average property in IG1.
Flat 15, Heron Court, Ilford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 May 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 15, 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 15, 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 15, 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 15, 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 15, 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 15, 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.