According to the public record, Flat 3, Joesam Heights 1, Ilford is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 646 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Joesam Heights, Riverdene Road, Ilford, IG1.
Riverdene Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 3, Joesam Heights 1, Ilford has a single entry in the Land Registry database from November 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 Joesam Heights 1 Ilford as £255,428 and the rental value as £1,509 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 3 Joesam Heights 1 Ilford has increased by £1,735 (0.7%) and its rental value has increased by £53 per month (3.5%).
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, Joesam Heights 1, Ilford is in very good condition we estimate a sale value of £268,199 and rental value of £1,584 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,548 and a rental value of £1,403 per month.
If you were able to purchase this property for the estimated value of £255,428, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,255 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, Joesam Heights 1, Ilford was last sold on 24 Nov 2015 for £230,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 15.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Joesam Heights 1, Ilford within a radius of 280 metres over the last 2 years.
The most recent example is Flat 12, Churchill Court, Albert Road, Ilford, IG1 1NG, a Leasehold flat which sold for £260,000 in Feb 2020.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riverdene Road, Ilford, IG1 has a total of 105 addresses. According to our analysis of all the public data, Flat 3, Joesam Heights 1, Ilford is the 48th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in IG1.
The closest station to Flat 3, Joesam Heights 1, Ilford is Ilford station which is 300 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, Joesam Heights 1, Ilford, 45.9% of property is privately rented and 28.2% 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 3, Joesam Heights 1, Ilford, 23.0% of residents are recorded as possessing school level qualifications and 23.7% 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, Joesam Heights 1, 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 3, Joesam Heights 1, 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, Joesam Heights 1, Ilford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.