According to the public record, 11, Oak Wood Close, Woodford Green is a mid-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Oak Wood Close, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
11, Oak Wood Close, Woodford Green has 21 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated September 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 11 Oak Wood Close Woodford Green as £318,394 and the rental value as £1,454 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 11 Oak Wood Close Woodford Green has increased by £5,200 (1.6%) and its rental value has increased by £37 per month (2.6%).
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 11, Oak Wood Close, Woodford Green is in very good condition we estimate a sale value of £334,314 and rental value of £1,527 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,107 and a rental value of £1,352 per month.
If you were able to purchase this property for the estimated value of £318,394, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,565 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, 11, Oak Wood Close, Woodford Green was last sold on 14 Nov 2022 for £350,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has risen 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Oak Wood Close, Woodford Green within a radius of 630 metres over the last 2 years.
The most recent example is 17, Oak Wood Close, Woodford Green, IG8 8EQ, a Leasehold flat which sold for £275,000 in Jun 2019.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Wood Close, Woodford Green, IG8 has a total of 16 addresses. According to our analysis of all the public data, 11, Oak Wood Close, Woodford Green is the 12th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £313k less expensive than the average property in IG8.
11, Oak Wood Close, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Sep 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 11, Oak Wood Close, Woodford Green is Woodford station which is 1.3 kilometres 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 11, Oak Wood Close, Woodford Green, 32.0% of property is privately owned with a mortgage and 25.9% is privately owned outright.
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 11, Oak Wood Close, Woodford Green, 23.0% of residents are recorded as possessing school level qualifications and 40.5% 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 11, Oak Wood Close, Woodford Green, the average age was 39.2 and the most common age was 32.
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 11, Oak Wood Close, Woodford Green, 0.6% 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 11, Oak Wood Close, Woodford Green, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.