According to the public record, 1, Springfield Gardens, Woodford Green is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,689 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Springfield Gardens, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
1, Springfield Gardens, Woodford Green has a single entry in the Land Registry database from February 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Springfield Gardens Woodford Green as £714,677 and the rental value as £2,823 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 1 Springfield Gardens Woodford Green has increased by £11,925 (1.7%) and its rental value has increased by £54 per month (1.9%).
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 1, Springfield Gardens, Woodford Green is in very good condition we estimate a sale value of £750,411 and rental value of £2,964 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £664,650 and a rental value of £2,625 per month.
If you were able to purchase this property for the estimated value of £714,677, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,512 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Springfield Gardens, Woodford Green was last sold on 13 Feb 2006 for £249,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Springfield Gardens, Woodford Green within a radius of 410 metres over the last 2 years.
The most recent example is 87, St. Anthonys Avenue, Woodford Green, IG8 7EN, a Freehold house which sold for £812,500 in Dec 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Gardens, Woodford Green, IG8 has a total of 24 addresses. According to our analysis of all the public data, 1, Springfield Gardens, Woodford Green is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £84k more expensive than the average property in IG8.
The closest station to 1, Springfield Gardens, Woodford Green is Woodford station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Springfield Gardens, Woodford Green, 39.4% of property is privately owned with a mortgage and 28.4% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Springfield Gardens, Woodford Green, 21.2% of residents are recorded as possessing school level qualifications and 42.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Springfield Gardens, Woodford Green, the average age was 38.8 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Springfield Gardens, Woodford Green, 1.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Springfield Gardens, Woodford Green, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.