According to the public record, Flat 3, 24, Richmond Road, Ilford is a period leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 24, Richmond Road, Ilford, IG1.
Richmond Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 3, 24, Richmond Road, Ilford has 31 entries in the Land Registry database, most recently in February 2015 and a single entry in the EPC database dated September 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 3 24 Richmond Road Ilford as £174,151 and the rental value as £1,110 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 3 24 Richmond Road Ilford has increased by £1,208 (0.7%) and its rental value has increased by £40 per month (3.6%).
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 3, 24, Richmond Road, Ilford is in very good condition we estimate a sale value of £182,858 and rental value of £1,165 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £161,960 and a rental value of £1,032 per month.
If you were able to purchase this property for the estimated value of £174,151, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £856 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 3, 24, Richmond Road, Ilford was last sold on 11 Feb 2015 for £210,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2015, the market for similar properties has risen 37.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 24, Richmond Road, Ilford within a radius of 390 metres over the last 2 years.
The most recent example is Flat 4, Choice View, Centreway Apartments, Ilford, IG1 1NA, a Leasehold flat which sold for £165,000 in Nov 2017.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Ilford, IG1 has a total of 256 addresses. According to our analysis of all the public data, Flat 3, 24, Richmond Road, Ilford is the 245th largest and the 244th most expensive property on the street.
When compared to the postcode district it is £251k less expensive than the average property in IG1.
Flat 3, 24, Richmond Road, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 3, 24, Richmond Road, Ilford is Ilford station which is 600 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 3, 24, Richmond Road, Ilford, 40.3% of property is privately rented and 35.8% 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 3, 24, Richmond Road, Ilford, 32.6% of residents are recorded as possessing school level qualifications and 37.9% 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 3, 24, Richmond 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 3, 24, Richmond 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 3, 24, Richmond 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.