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2 bed flat for sale Monarch Way, Ilford, IG2

Guide Price

£275,000

Added on 29/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 2
Size: £412 per sq ft
Tenure: Leasehold

Council tax Band C £2,040 a year

Key features

Open House this Saturday (24th Oct 2026) - by appointment only
Perfect first time purchase
Spacious 2nd floor apartment
Private Balcony
Allocated underground parking
Perfect for London commuters
Adjacent to Newbury Park Central Line Station
Above-average EPC energy efficiency rating C (75/76)

About this property

This wonderful second floor apartment is positioned adjacent to Newbury Park STATION and features an ALLOCATED PARKING space in the underground car park and visitors parking located out the front of the building.

Internally there is a modern kitchen and lounge/diner, as well as a private balcony. It also benefits from an additional en-suite shower room, whilst maintaining a spacious bathroom.

Floorplan

Council tax

Band C £2,040 a year

Per year

Band A

£1,530
Band B

£1,785
Band C

This home: £2,040
Band D

£2,295
Band E

£2,804
Band F

£3,314
Band G

£3,824
Band H

£4,589

This home is in band C, which costs £2,040 a year in Redbridge for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Redbridge, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

100 comparables · within 2.8 miles

Cheaper than 54% of the 2-bed flats for sale nearby right now.

This home, £275,000 Median £280,000 · £240,000 – £452,500

Per square foot

£412 2% under

2-bed flats nearby £419

Against sold prices

14% under

IG2 sold median £480 / sq ft, 249 sales

Compared with 100 2-bed flats for sale within 2.8 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in IG2 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in IG2 →

Location

Monarch Way, Ilford, IG2

Open map Street View

Mortgage and stamp duty

Property price £275,000

£137k £413k

Deposit10% £28,000

£0 £275k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £247,000 mortgage. Most lenders would want a household income of about £55,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Flat 112, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Mar 2026	689 sq ft £417/sq ft	689 sq ft	£417	£287,500
Flat 126, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Dec 2019	667 sq ft £429/sq ft	667 sq ft	£429	£286,000
Flat 109, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Jul 2017	678 sq ft £465/sq ft	678 sq ft	£465	£315,000
Flat 136, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Feb 2017	850 sq ft £285/sq ft	850 sq ft	£285	£242,000
Flat 82, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Mar 2016	775 sq ft £378/sq ft	775 sq ft	£378	£293,000
Flat 133, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Dec 2015	667 sq ft £427/sq ft	667 sq ft	£427	£285,000
Flat 156, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	May 2015	700 sq ft £364/sq ft	700 sq ft	£364	£255,000
Flat 128, Memorial Heights, Monarch Way Flat / maisonette	Flat / maisonette	Apr 2015	667 sq ft £367/sq ft	667 sq ft	£367	£245,000