According to the public record, Flat 2, 14, Water Lane, Ilford is a period leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 14, Water Lane, Ilford, IG3.
Water Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
Flat 2, 14, Water Lane, Ilford has a single entry in the Land Registry database from December 2007 and a single entry in the EPC database dated March 2022.
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 2 14 Water Lane Ilford as £278,051 and the rental value as £1,277 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 2 14 Water Lane Ilford has increased by £2,125 (0.8%) and its rental value has increased by £53 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 2, 14, Water Lane, Ilford is in very good condition we estimate a sale value of £291,954 and rental value of £1,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,588 and a rental value of £1,187 per month.
If you were able to purchase this property for the estimated value of £278,051, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,367 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 2, 14, Water Lane, Ilford was last sold on 18 Dec 2007 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 43.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 2, 14, Water Lane, Ilford within a radius of 420 metres over the last 2 years.
The most recent example is 31, North Road, Ilford, IG3 8AJ, a Leasehold flat which sold for £165,000 in Mar 2013.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Water Lane, Ilford, IG3 has a total of 88 addresses. According to our analysis of all the public data, Flat 2, 14, Water Lane, Ilford is the 88th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £189k less expensive than the average property in IG3.
Flat 2, 14, Water Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Mar 2022.
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 2, 14, Water Lane, Ilford is Seven Kings station which is 500 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 2, 14, Water Lane, Ilford, 41.5% of property is privately owned with a mortgage and 28.7% is privately 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 2, 14, Water Lane, Ilford, 31.7% of residents are recorded as possessing school level qualifications and 33.9% 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 2, 14, Water 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 2, 14, Water 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 2, 14, Water Lane, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.