According to the public record, Flat 22, Springfield Court, Ilford is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Springfield Court, Forsythia Close, Ilford, IG1.
Forsythia Close, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 22, Springfield Court, Ilford has 41 entries in the Land Registry database, most recently in February 2024 and a single entry in the EPC database dated August 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 22 Springfield Court Ilford as £243,032 and the rental value as £1,466 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 22 Springfield Court Ilford has increased by £2,176 (0.9%) and its rental value has increased by £55 per month (3.7%).
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 22, Springfield Court, Ilford is in very good condition we estimate a sale value of £255,183 and rental value of £1,539 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,020 and a rental value of £1,364 per month.
If you were able to purchase this property for the estimated value of £243,032, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,194 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 22, Springfield Court, Ilford was last sold on 07 Feb 2024 for £275,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2024, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 22, Springfield Court, Ilford within a radius of 360 metres over the last 2 years.
The most recent example is 27, Lavender Place, Ilford, IG1 2BG, a Leasehold flat which sold for £256,200 in Oct 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forsythia Close, Ilford, IG1 has a total of 58 addresses. According to our analysis of all the public data, Flat 22, Springfield Court, Ilford is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £182k less expensive than the average property in IG1.
Flat 22, Springfield Court, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Aug 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 22, Springfield Court, Ilford is Barking 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 22, Springfield Court, Ilford, 34.4% of property is privately rented and 31.2% is socially 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 22, Springfield Court, Ilford, 28.9% of residents are recorded as possessing school level qualifications and 38.3% 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 22, Springfield Court, Ilford, the average age was 31.9 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 22, Springfield Court, 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 22, Springfield Court, 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.