490, Green Lane
490, Green Lane
Description & Estimates
490, Green Lane, Ilford is recorded publicly as a mid-century freehold house across 1,937 ft2 of internal area, sitting on a 294 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 490, Green Lane, Ilford is £585,533 and its rental estimate is £2,895 per month, given the available information and assuming reasonable condition.
Green Lane, Ilford, IG3 falls within the IG3 postal district, in the borough of Redbridge.
Our Data Sources
490, Green Lane, Ilford has a single entry in the Land Registry from February 2016 and a single entry in the EPC database dated October 2022.
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 490, Green Lane, Ilford, we estimate a market value of £614,810 and a rental value of £3,040 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £544,546 and £2,693 per month respectively.
Recent Market Change
Over the last year, 490, Green Lane, Ilford has seen its estimated sale value fall by £18,905 (3.2%) and its estimated rental value move up by £52 per month (1.8%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 490, Green Lane, Ilford as measuring 294 m2.
That makes it the 2nd largest plot in the postcode, where all 7 other houses have recorded plot data.
Energy Efficiency
490, Green Lane, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Oct 2022.
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 490, Green Lane, Ilford completed on 1st February 2016 at £425,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 37.0% over the period since February 2016.
- Sold Feb 2016£425,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 490, Green Lane, Ilford have sold within a radius of 430 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th May 2021, was 43, Lynford Gardens, Ilford, IG3 9LY, a freehold house which sold for £510,000.
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 590 addresses on Green Lane, Ilford, IG3, 490, Green Lane, Ilford comes out as the 10th largest and the 46th most expensive in our analysis of the public data.
It is also £108k more expensive than the average property across the IG3 district.
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Schools Nearby
- 600mSouth Park Primary School
- 600mMayespark Primary School
- 900mGoodmayes Primary School
- 700mThe Palmer Catholic Academy
- 1.3kmMayfield School
- 1.5kmChadwell Heath Academy
More reading links
Public Transport Nearby
From 490, Green Lane, Ilford, the nearest station is Seven Kings, 400 metres away.
- 400mSeven Kings
- 700mGoodmayes
- 1.8kmNewbury Park
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.
