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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 8, Monarch Way, Ilford is a modern freehold house with 2,045 ft2 of internal area and sits on a 157 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Monarch Way, Ilford is £632,535 and the estimated rental value is £3,194 per month.
Monarch Way, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
8, Monarch Way, Ilford has 21 entries in the Land Registry , most recently in January 2023 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 8, Monarch Way, Ilford is in very good condition we estimate a sale value of £664,162 and a rental value of £3,354 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £588,258 and a rental value of £2,970 per month.
Over the last 12 months the sale value of 8 Monarch Way Ilford has decreased by an estimated £18,158 (2.9%) and its rental value has increased by an estimated £85 per month (2.7%), giving an expected gross yield of 6.1%.
According to data from HM Land Registry, 8, Monarch Way, Ilford sits on a plot of 157m2.
We have plot size data on 11 out of 11 other houses in the postcode and 8, Monarch Way, Ilford sits on the 7th largest plot.
8, Monarch Way, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 8, Monarch Way, Ilford was last sold on 31st January 2023 for £635,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since January 2023, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Monarch Way, Ilford within a radius of 460 metres over the last 2 years.
The most recent example is 75, Glebelands Avenue, Ilford, IG2 7DL, a leasehold house which sold for £900,000 on the 13th January 2023.
Read more about house prices in IG2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Monarch Way, Ilford, IG2 has a total of 188 addresses. According to our analysis of all the public data, 8, Monarch Way, Ilford is the largest and the most expensive property on the street.
When compared to the postcode district it is £160k more expensive than the average property in IG2.
The nearest school is Newbury Park Primary School which is 210 metres away. The nearest train station is Newbury Park which is 200 metres away.
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