According to the public record, Flat 2, 4A , Melford Road, Ilford is a period leasehold apartment with 355 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 4A, Melford Road, Ilford, IG1.
Melford Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 2, 4A , Melford Road, Ilford has 2 entries in the Land Registry database, most recently in December 2014 and a single entry in the EPC database dated March 2014.
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 4A Melford Road Ilford as £160,145 and the rental value as £1,021 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 2 4A Melford Road Ilford has increased by £981 (0.6%) and its rental value has increased by £39 per month (3.8%).
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, 4A , Melford Road, Ilford is in very good condition we estimate a sale value of £168,153 and rental value of £1,072 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,935 and a rental value of £949 per month.
If you were able to purchase this property for the estimated value of £160,145, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £787 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, 4A , Melford Road, Ilford was last sold on 01 Dec 2014 for £105,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2014, the market for similar properties has risen 35.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 4A , Melford Road, Ilford within a radius of 460 metres over the last 2 years.
The most recent example is 22, Huntings Farm, Ilford, IG1 1YE, a Leasehold flat which sold for £190,000 in Mar 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melford Road, Ilford, IG1 has a total of 22 addresses. According to our analysis of all the public data, Flat 2, 4A , Melford Road, Ilford is the 22nd largest and the 21st most expensive property on the street.
When compared to the postcode district it is £265k less expensive than the average property in IG1.
Flat 2, 4A , Melford Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Mar 2014.
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, 4A , Melford Road, Ilford is Seven Kings 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, 4A , Melford Road, Ilford, 36.2% of property is privately owned with a mortgage and 34.1% 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, 4A , Melford Road, Ilford, 29.1% of residents are recorded as possessing school level qualifications and 42.3% 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, 4A , Melford Road, 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 2, 4A , Melford Road, 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, 4A , Melford Road, Ilford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.