According to the public record, Flat 4, The Lodge 174, Ilford is a modern leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in The Lodge, New North Road, Ilford, IG6.
New North Road, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
Flat 4, The Lodge 174, Ilford has 41 entries in the Land Registry database, most recently in April 2023 and a single entry in the EPC database dated October 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 4 The Lodge 174 Ilford as £219,600 and the rental value as £1,228 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 4 The Lodge 174 Ilford has increased by £5,964 (2.7%) and its rental value has increased by £49 per month (4.0%).
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 4, The Lodge 174, Ilford is in very good condition we estimate a sale value of £230,580 and rental value of £1,289 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,228 and a rental value of £1,142 per month.
If you were able to purchase this property for the estimated value of £219,600, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,079 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 4, The Lodge 174, Ilford was last sold on 21 Apr 2023 for £212,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2023, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, The Lodge 174, Ilford within a radius of 480 metres over the last 2 years.
The most recent example is 65, Bernards Close, Ilford, IG6 2SR, a Leasehold flat which sold for £185,000 in Jun 2020.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New North Road, Ilford, IG6 has a total of 563 addresses. According to our analysis of all the public data, Flat 4, The Lodge 174, Ilford is the 562nd largest and the 541st most expensive property on the street.
When compared to the postcode district it is £248k less expensive than the average property in IG6.
Flat 4, The Lodge 174, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Oct 2022.
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 4, The Lodge 174, Ilford is Hainault station which is 100 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 4, The Lodge 174, Ilford, 43.0% of property is privately rented and 29.6% 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 4, The Lodge 174, Ilford, 17.8% of residents are recorded as possessing school level qualifications and 39.3% 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 4, The Lodge 174, Ilford, the average age was 37.1 and the most common age was 37.
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 4, The Lodge 174, Ilford, 1.6% 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 4, The Lodge 174, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.