According to the public record, Flat 53, Spectrum Tower 2-20, Ilford is a modern leasehold apartment with 523 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Spectrum Tower, Hainault Street, Ilford, IG1.
Hainault Street, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Flat 53, Spectrum Tower 2-20, Ilford has 21 entries in the Land Registry database, most recently in January 2014 and a single entry in the EPC database dated January 2009.
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 53 Spectrum Tower 2-20 Ilford as £245,758 and the rental value as £1,387 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 53 Spectrum Tower 2-20 Ilford has increased by £2,100 (0.9%) and its rental value has increased by £52 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 53, Spectrum Tower 2-20, Ilford is in very good condition we estimate a sale value of £258,046 and rental value of £1,456 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,555 and a rental value of £1,290 per month.
If you were able to purchase this property for the estimated value of £245,758, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,208 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 53, Spectrum Tower 2-20, Ilford was last sold on 10 Jan 2014 for £175,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2014, the market for similar properties has risen 54.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 53, Spectrum Tower 2-20, Ilford within a radius of 390 metres over the last 2 years.
The most recent example is Flat 50, Spectrum Tower 2-20, Hainault Street, Ilford, IG1 4GZ, a Leasehold flat which sold for £286,000 in May 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hainault Street, Ilford, IG1 has a total of 88 addresses. According to our analysis of all the public data, Flat 53, Spectrum Tower 2-20, Ilford is the 70th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £179k less expensive than the average property in IG1.
Flat 53, Spectrum Tower 2-20, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jan 2009.
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 53, Spectrum Tower 2-20, Ilford is Ilford station which is 400 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 53, Spectrum Tower 2-20, Ilford, 67.9% of property is privately rented and 11.6% is shared ownership.
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 53, Spectrum Tower 2-20, Ilford, 34.5% of residents are recorded as possessing school level qualifications and 55.4% 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 53, Spectrum Tower 2-20, 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 53, Spectrum Tower 2-20, 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 53, Spectrum Tower 2-20, Ilford, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.