According to the public record, Flat 2, 58, Park Road, Ilford is a period apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 58, Park Road, Ilford, IG1.
Park Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 2, 58, Park Road, Ilford has no records in the Land Registry database and a single entry in the EPC database dated March 2023.
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 58 Park Road Ilford as £374,803 and the rental value as £1,726 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 2 58 Park Road Ilford has increased by £2,784 (0.7%) and its rental value has increased by £65 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, 58, Park Road, Ilford is in very good condition we estimate a sale value of £393,543 and rental value of £1,812 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £348,567 and a rental value of £1,605 per month.
If you were able to purchase this property for the estimated value of £374,803, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,842 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 1 sale of a property similar to Flat 2, 58, Park Road, Ilford within a radius of 420 metres over the last 2 years.
The most recent example is 50, Stanley Road, Ilford, IG1 1RJ, a Leasehold flat which sold for £150,000 in Jan 2014.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Ilford, IG1 has a total of 136 addresses. According to our analysis of all the public data, Flat 2, 58, Park Road, Ilford is the 132nd largest and the 123rd most expensive property on the street.
When compared to the postcode district it is £50k less expensive than the average property in IG1.
Flat 2, 58, Park Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Mar 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 58, Park Road, 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, 58, Park Road, Ilford, 38.6% of property is privately owned outright and 28.8% 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, 58, Park Road, Ilford, 25.6% of residents are recorded as possessing school level qualifications and 29.8% 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, 58, Park 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, 58, Park 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, 58, Park Road, 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.