240 Oaks Lane, Ilford, IG2 7QH is a freehold semi-detached property built between 1930-1949. The property offers approximately 1,389 square feet of living space. In this location, properties of similar size usually have four bedrooms.

The estimated current market value of the property is £527,811 , which equates to approximately £380 per square foot. It was last sold on 16 Nov 2020 for £456,000. Since then, the value has increased by £71,811, representing a 15.7% increase, or approximately 3.1% per year.

The current estimated value of £527,811 is:

  • 5.7% higher than the average property price on Oaks Lane
  • 1.7% higher than the average in the IG2 7QH postcode area
  • and 6.3% higher than the average price for Ilford as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 27 July 2020, the property was recorded as owner-occupied.

View sold house prices in IG2 7QH

Building approximate location

About Property

Type
Semi-Detached Bungalow
Built
1930-1949
Interior Size
1389 sq ft
Tenure
Freehold
Price (estimate)
£527,811
Price Per sq ft (estimate)
£380
Bedroom Count (estimate)
4 bedrooms

EPC Summary

240 Oaks Lane, Ilford, Redbridge, Greater London Authority, IG2 7QH has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 27 Jul 2020.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Electric instantaneous heaters at the point of use are used to provide hot water. The windows are single glazed.

The previous EPC assessment was conducted on 26 Jan 2010, when the property was rated D. The current rating of E reflects a decline in energy efficiency of 26.8%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from average to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water system was changed from gas multipoint to electric instantaneous at point of use, with its energy efficiency changing from average to very poor.
  • The roof construction or insulation changed from roof room(s), insulated (assumed) to pitched, no insulation (assumed), changing energy efficiency from good to very poor.
  • The windows were upgraded from some double glazing to single glazed.
  • The lighting was updated from low energy lighting in 20% of fixed outlets to low energy lighting in 50% of fixed outlets, with efficiency improving from poor to good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
Electric instantaneous at point of use
Very Poor
Roof
Pitched, no insulation (assumed)
Very Poor
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Single glazed
Very Poor
Lighting
Low energy lighting in 50% of fixed outlets
Good

Compared to IG2 7QH

8 th / 36
Price Rank
2% higher than average
3 rd / 20
Size Rank
51% bigger than average
14 th / 20
Price Per Sq FT Rank
33% lower than average

Compared to other properties in IG2 7QH , this bungalow's estimated value ranks 8th out of 36. Based on price per square foot, it ranks 14th out of 20 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 3rd out of 20 properties in its postcode area.

Sale History

Today
£527,811
streetscan.co.uk estimate
+16 %
16 Nov 2020
£456,000
Leasehold
+38.2 %
26 Oct 2011
£330,000
Leasehold
+270.8 %
23 Feb 1996
£89,000
Leasehold

Area Insights

Similar Properties Sold Nearby

221 Oaks Lane, Ilford, IG2 7QH
rooms: 5
size: 1227 sq ft
sale price: £415,000
sale date: 30 Jan 2015

Data Sources

The property at 240 Oaks Lane, Ilford, IG2 7QH appears three times in the Land Registry records, with the latest transaction recorded on 16 Nov 2020. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 27 Jul 2020. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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