41, Water Lane
41, Water Lane
Description & Estimates
41, Water Lane, Ilford is recorded publicly as a period freehold house across 1,463 ft2 of internal area, sitting on a 360 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 41, Water Lane, Ilford is £795,321 and its rental estimate is £3,212 per month, given the available information and assuming reasonable condition.
Water Lane, Ilford, IG3 falls within the IG3 postal district, in the borough of Redbridge.
Our Data Sources
41, Water Lane, Ilford has 21 entries in the Land Registry , most recently in February 2023 and a single entry in the EPC database dated March 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 41, Water Lane, Ilford, we estimate a market value of £835,087 and a rental value of £3,372 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £739,649 and £2,987 per month respectively.
Recent Market Change
Over the last year, 41, Water Lane, Ilford has seen its estimated sale value drop by £18,393 (2.3%) and its estimated rental value rise by £100 per month (3.1%). This results in an estimated gross rental yield of 4.8%.
Plot Size
HM Land Registry records the plot of land for 41, Water Lane, Ilford as measuring 360 m2.
That makes it the 10th largest plot in the postcode, where 12 of the 25 other houses have recorded plot data.
Energy Efficiency
41, Water Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 41, Water Lane, Ilford completed on 24th February 2023 at £250,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 11.6% over the period since February 2023.
- Sold Feb 2023£250,000
- Sold Apr 2001£152,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 41, Water Lane, Ilford have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 21st February 2024, was 42, Parkway, Ilford, IG3 9HU, a freehold house which sold for £750,000.
Read more about house prices in IG3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 88 addresses on Water Lane, Ilford, IG3, 41, Water Lane, Ilford comes out as the 36th largest and the 21st most expensive in our analysis of the public data.
It is also £317k more expensive than the average property across the IG3 district.
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Schools Nearby
- 100mSouth Park Primary School
- 600mMayespark Primary School
- 800mGordon Primary School
- 900mThe Palmer Catholic Academy
- 1.6kmBarking Abbey School, A Specialist Sports and Humanities College
More reading links
Public Transport Nearby
From 41, Water Lane, Ilford, the nearest station is Seven Kings, 800 metres away.
- 800mSeven Kings
- 1.3kmGoodmayes
- 2.0kmIlford
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
