According to the public record, Ground Floor Flat, 40, Cowley Road, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 649 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 40, Cowley Road, Ilford, IG1.
Cowley Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
Ground Floor Flat, 40, Cowley Road, Ilford has 31 entries in the Land Registry database, most recently in August 2008 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 Ground Floor Flat 40 Cowley Road Ilford as £281,693 and the rental value as £1,516 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Ground Floor Flat 40 Cowley Road Ilford has increased by £4,318 (1.5%) and its rental value has increased by £49 per month (3.2%).
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 Ground Floor Flat, 40, Cowley Road, Ilford is in very good condition we estimate a sale value of £295,778 and rental value of £1,591 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £261,975 and a rental value of £1,410 per month.
If you were able to purchase this property for the estimated value of £281,693, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,384 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, Ground Floor Flat, 40, Cowley Road, Ilford was last sold on 12 Aug 2008 for £185,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2008, the market for similar properties has risen 69.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor Flat, 40, Cowley Road, Ilford within a radius of 480 metres over the last 2 years.
The most recent example is 10C, Kensington Gardens, Ilford, IG1 3EL, a Leasehold flat which sold for £330,000 in Nov 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cowley Road, Ilford, IG1 has a total of 111 addresses. According to our analysis of all the public data, Ground Floor Flat, 40, Cowley Road, Ilford is the 97th largest and the 107th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in IG1.
The closest station to Ground Floor Flat, 40, Cowley Road, Ilford is Gants Hill station which is 900 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 Ground Floor Flat, 40, Cowley Road, Ilford, 35.9% of property is privately rented and 31.6% 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 Ground Floor Flat, 40, Cowley Road, Ilford, 26.3% of residents are recorded as possessing school level qualifications and 39.9% 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 Ground Floor Flat, 40, Cowley Road, Ilford, the average age was 37.5 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 Ground Floor Flat, 40, Cowley Road, Ilford, 2.0% 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 Ground Floor Flat, 40, Cowley Road, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.