According to the public record, Ground Floor Flat, 456, Green Lane, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 579 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 456, Green Lane, Ilford, IG3.
Green Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
Ground Floor Flat, 456, Green Lane, Ilford has 61 entries in the Land Registry database, most recently in October 2009 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 456 Green Lane Ilford as £236,376 and the rental value as £1,342 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Ground Floor Flat 456 Green Lane Ilford has increased by £2,016 (0.9%) and its rental value has increased by £56 per month (4.2%).
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, 456, Green Lane, Ilford is in very good condition we estimate a sale value of £248,195 and rental value of £1,409 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,830 and a rental value of £1,248 per month.
If you were able to purchase this property for the estimated value of £236,376, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,162 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, 456, Green Lane, Ilford was last sold on 07 Oct 2009 for £140,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Oct 2009, the market for similar properties has risen 68.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor Flat, 456, Green Lane, Ilford within a radius of 430 metres over the last 2 years.
The most recent example is 12, Hobbs Mews, Ilford, IG3 9JZ, a Leasehold flat which sold for £225,000 in Aug 2019.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Green Lane, Ilford, IG3 has a total of 580 addresses. According to our analysis of all the public data, Ground Floor Flat, 456, Green Lane, Ilford is the 403rd largest and the 486th most expensive property on the street.
When compared to the postcode district it is £231k less expensive than the average property in IG3.
The closest station to Ground Floor Flat, 456, Green Lane, Ilford is Seven Kings 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 Ground Floor Flat, 456, Green Lane, Ilford, 54.9% of property is privately rented and 21.1% 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 Ground Floor Flat, 456, Green Lane, Ilford, 23.2% of residents are recorded as possessing school level qualifications and 35.2% 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, 456, Green Lane, Ilford, the average age was 34.2 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 Ground Floor Flat, 456, Green Lane, 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 Ground Floor Flat, 456, Green Lane, 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.