According to the public record, Flat 2, 42, Norman Road, Ilford is a period apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 42, Norman Road, Ilford, IG1.
Norman Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 2, 42, Norman Road, Ilford has no records in the Land Registry database and a single entry in the EPC database dated December 2018.
We combine this information with public data 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 42 Norman Road Ilford as £217,998 and the rental value as £1,380 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 2 42 Norman Road Ilford has increased by £1,775 (0.8%) and its rental value has increased by £53 per month (3.9%).
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, 42, Norman Road, Ilford is in very good condition we estimate a sale value of £228,898 and rental value of £1,449 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,738 and a rental value of £1,284 per month.
If you were able to purchase this property for the estimated value of £217,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,071 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 42, Norman Road, Ilford within a radius of 350 metres over the last 2 years.
The most recent example is Flat 17, Springfield Court, Forsythia Close, Ilford, IG1 2BN, a Leasehold flat which sold for £200,000 in Sep 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norman Road, Ilford, IG1 has a total of 89 addresses. According to our analysis of all the public data, Flat 2, 42, Norman Road, Ilford is the 85th largest and the 89th most expensive property on the street.
When compared to the postcode district it is £207k less expensive than the average property in IG1.
Flat 2, 42, Norman Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Dec 2018.
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, 42, Norman Road, Ilford is Barking station which is 800 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, 42, Norman Road, Ilford, 44.7% of property is privately rented and 30.3% is privately owned with a mortgage.
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, 42, Norman Road, Ilford, 32.0% of residents are recorded as possessing school level qualifications and 30.8% 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, 42, Norman Road, Ilford, the average age was 32.3 and the most common age was 12.
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, 42, Norman Road, Ilford, 0.4% 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, 42, Norman Road, 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.