According to the public record, Flat 8, Echo House 37, Ilford is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Echo House, Marine Crescent, Ilford, IG6.
Marine Crescent, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
Flat 8, Echo House 37, Ilford has 2 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated June 2017.
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 8 Echo House 37 Ilford as £264,192 and the rental value as £1,627 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 8 Echo House 37 Ilford has increased by £547 (0.2%) and its rental value has increased by £23 per month (1.4%).
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 8, Echo House 37, Ilford is in very good condition we estimate a sale value of £277,402 and rental value of £1,709 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,699 and a rental value of £1,513 per month.
If you were able to purchase this property for the estimated value of £264,192, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,298 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 8, Echo House 37, Ilford was last sold on 20 Jun 2023 for £290,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2023, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Echo House 37, Ilford within a radius of 370 metres over the last 2 years.
The most recent example is Flat 4, Echo House 37, Marine Crescent, Ilford, IG6 2FL, a Leasehold flat which sold for £268,000 in Oct 2021.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marine Crescent, Ilford, IG6 has a total of 117 addresses. According to our analysis of all the public data, Flat 8, Echo House 37, Ilford is the 82nd largest and the 107th most expensive property on the street.
When compared to the postcode district it is £204k less expensive than the average property in IG6.
Flat 8, Echo House 37, Ilford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Jun 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 8, Echo House 37, Ilford is Hainault station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, Echo House 37, Ilford, 45.1% of property is privately owned with a mortgage and 30.2% is privately 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 8, Echo House 37, Ilford, 23.5% of residents are recorded as possessing school level qualifications and 53.1% 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 8, Echo House 37, 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 8, Echo House 37, Ilford, 0.2% 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 8, Echo House 37, Ilford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.