According to the public record, Flat 2, 34, The Drive, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 785 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 34, The Drive, Ilford, IG1.
The Drive, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 2, 34, The Drive, Ilford has 21 entries in the Land Registry database, most recently in November 2006 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 2 34 The Drive Ilford as £373,393 and the rental value as £1,946 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 2 34 The Drive Ilford has increased by £8,600 (2.3%) and its rental value has increased by £93 per month (4.8%).
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, 34, The Drive, Ilford is in very good condition we estimate a sale value of £392,063 and rental value of £2,043 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £347,256 and a rental value of £1,809 per month.
If you were able to purchase this property for the estimated value of £373,393, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,835 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, 34, The Drive, Ilford was last sold on 10 Nov 2006 for £187,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 34, The Drive, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 10, Ranelagh Gardens, Ilford, IG1 3JR, 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.
The Drive, Ilford, IG1 has a total of 353 addresses. According to our analysis of all the public data, Flat 2, 34, The Drive, Ilford is the 202nd largest and the 182nd most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in IG1.
The closest station to Flat 2, 34, The Drive, Ilford is Ilford station which is 1.0 kilometres 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, 34, The Drive, Ilford, 60.9% of property is privately rented and 18.5% 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 2, 34, The Drive, Ilford, 27.5% of residents are recorded as possessing school level qualifications and 39.0% 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, 34, The Drive, Ilford, the average age was 37.5 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 2, 34, The Drive, Ilford, 2.0% 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, 34, The Drive, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.