Ilford

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Area Guide For Ilford

Ilford is a large cosmopolitan town in East London, England and the administrative headquarters of the London Borough of Redbridge. It is located 9.1 miles (14.6 km) northeast of Charing Cross and is one of the major metropolitan centres identified in the London Plan. It forms a significant commercial and retail centre surrounded by extensive residential development. Ilford was historically a small rural settlement in the county of Essex and its strategic position on the River Roding and the London to Colchester road caused it to develop as a coaching town. The arrival of the railway in 1839 eventually accelerated that growth and as part of the suburban growth of London in the 20th century, Ilford significantly expanded and increased in population, becoming a municipal borough in 1926 and has formed part of Greater London since 1965. The town has since made attempts to raise its profile, and due to its proximity to the Olympic Park in nearby Stratford, Ilford was announced as the fastest-growing tourist destination in Europe in 2011. Ilford was historically known as Great Ilford to differentiate it from nearby Little Ilford, in the London Borough of Newham. Ilford belongs to the

 
 

Ilford Map

Estimated Price: £331,432
Average Asking Price: £370,666
Price change in last one year: £17,967
Average Price Paid: £269,056
Average Rent Rates: £1,282

 
 

Property Prices Breakdown in Ilford

Average Price for property in Ilford is around £331,432 which varies based on type of property you are interested in and ranges from £511,413 for detached house to around £418,913 for semi-detached. Similarly terraced house is around £338,808 and a flat is worth £206,508. Values have been changing and have risen £377 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,444 in last 6 months, £17,967 in last 1 year, £46,348 in last 2 years, £51,483 in last 3 years, £51,813 in last 4 years and £46,299 in last 5 years.

Currently average asking price of a property in Ilford is around £370,666 based on approximately 1,517 properties for sale. Same is the case with rental options based on 749 properties up for rent, average asking rent is around £1,282 per month.

Estimated property value in Ilford is £331,432. Average asking price is £370,666 while average price paid is £293,334 which is up by £17,967 and Avg. asking rent £1,282.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Ilford area. In last 1 year alone average price buyer paid is around £293,334 based on approximately 1,517 sales in Ilford area alone. If you compare it to last 3 years sales of 4,175 properties where buyers paid around £279,119. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £269,056 for 7,012 and average amount paid for purchase of approx. 9,940 properties sold in last 7 years comes to about £264,785 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £168,333, £282,318 for a 2 bedroom house, £375,603 for a 3 bedroom house, £473,700 for a 4 bedroom house and £516,555 for a 5 bedroom house. For a flat similarly the prices varies from £169,113 for a single bedroom to £221,191 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £224,230 and £220,000 for a 4 bedroom flat. To sum up the asking prices for properties in Ilford it comes to around average £169,057 for 1 bedroom property, £238,088 for 2 bedroom, £364,850 for 3 bedroom, £471,670 for 4 bedroom and £516,555 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £731 for 1 bedroom to £1,247 for 2 bedrooms, £1,451 for 3 bedrooms, £1,861 for 4 bedrooms and £2,139 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £913. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,221, £1,308 for 3 bedroom and £1,574 for 4 bedroom. You should be generally be expecting around average £871 rent per month for single bedroom property, £1,225 for 2 bedroom, £1,429 for 3 bedroom, £1,838 for 4 bedroom and approximately £2,139 for a 5 bedroom property in Ilford area.

Popular Houses in Ilford

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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