Flat 1, 58
Flat 1, 58
Description & Estimates
Flat 1, 58, Park Road, Ilford is recorded publicly as a period Leasehold apartment across 785 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of Flat 1, 58, Park Road, Ilford is £494,687 and its rental estimate is £2,362 per month, given the available information and assuming reasonable condition.
58, Park Road is a residential building on Park Road, Ilford, IG1 and falls within the IG1 postal district and the borough of Redbridge.
Our Data Sources
Flat 1, 58, Park Road, Ilford has a single entry in the Land Registry from March 2021 and a single entry in the EPC database dated March 2023.
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 Flat 1, 58, Park Road, Ilford, we estimate a market value of £519,421 and a rental value of £2,480 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £460,059 and £2,197 per month respectively.
Recent Market Change
Over the last year, Flat 1, 58, Park Road, Ilford has seen its estimated sale value decline by £26,473 (5.4%) and its estimated rental value climb by £21 per month (0.9%). This results in an estimated gross rental yield of 5.7%.
Energy Efficiency
Flat 1, 58, Park Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Mar 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 1, 58, Park Road, Ilford completed on 19th March 2021 at £495,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 10.0% over the period since March 2021.
- Sold Mar 2021£495,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 420 metres of Flat 1, 58, Park Road, Ilford, per the Land Registry and our network of Estate Agents.
The latest, on the 15th December 2022, was 9A, Winchester Road, Ilford, IG1 1SE, a leasehold flat which sold for £300,000.
Read more about house prices in IG1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 134 addresses on Park Road, Ilford, IG1, Flat 1, 58, Park Road, Ilford comes out as the 121st largest and the 84th most expensive in our analysis of the public data.
It is also £74k more expensive than the average property across the IG1 district.
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Schools Nearby
- 200mSS Peter and Paul's Catholic Primary School
- 200mGordon Primary School
- 300mWinston Way Academy
- 1.0kmThe Palmer Catholic Academy
- 1.2kmThe Ursuline Academy Ilford
More reading links
Public Transport Nearby
From Flat 1, 58, Park Road, Ilford, the nearest station is Ilford, 1.0 kilometres away.
- 1.0kmIlford
- 1.1kmSeven Kings
- 2.0kmBarking
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
