According to the public record, Flat 7, Regal House, Ilford is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Regal House, Royal Crescent, Ilford, IG2.
Royal Crescent, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
Flat 7, Regal House, Ilford has a single entry in the Land Registry database from May 2008 and a single entry in the EPC database dated September 2020.
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 7 Regal House Ilford as £245,356 and the rental value as £1,499 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 7 Regal House Ilford has decreased by £3,223 (1.3%) and its rental value has increased by £14 per month (1.0%).
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 7, Regal House, Ilford is in very good condition we estimate a sale value of £257,624 and rental value of £1,574 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,181 and a rental value of £1,394 per month.
If you were able to purchase this property for the estimated value of £245,356, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,206 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 7, Regal House, Ilford was last sold on 01 May 2008 for £212,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2008, the market for similar properties has risen 58.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Regal House, Ilford within a radius of 420 metres over the last 2 years.
The most recent example is Flat 43, Regal House, Royal Crescent, Ilford, IG2 7JY, a Leasehold flat which sold for £200,000 in Nov 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Royal Crescent, Ilford, IG2 has a total of 104 addresses. According to our analysis of all the public data, Flat 7, Regal House, Ilford is the 48th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £227k less expensive than the average property in IG2.
Flat 7, Regal House, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Sep 2020.
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 7, Regal House, Ilford is Newbury Park 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 7, Regal House, Ilford, 56.7% of property is privately rented and 20.8% is privately owned with a mortgage.
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 7, Regal House, Ilford, 24.8% of residents are recorded as possessing school level qualifications and 56.9% 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 7, Regal House, Ilford, the average age was 36.6 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 7, Regal House, 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 7, Regal House, 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.