According to the public record, 156, Ray Lodge Road, Woodford Green is a mid-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Ray Lodge Road, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
156, Ray Lodge Road, Woodford Green has 51 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated April 2023.
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 156 Ray Lodge Road Woodford Green as £275,695 and the rental value as £1,490 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 156 Ray Lodge Road Woodford Green has increased by £4,941 (1.8%) and its rental value has increased by £31 per month (2.1%).
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 156, Ray Lodge Road, Woodford Green is in very good condition we estimate a sale value of £289,480 and rental value of £1,564 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,397 and a rental value of £1,386 per month.
If you were able to purchase this property for the estimated value of £275,695, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,355 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, 156, Ray Lodge Road, Woodford Green was last sold on 16 Apr 2019 for £255,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Apr 2019, the market for similar properties has risen 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 156, Ray Lodge Road, Woodford Green within a radius of 530 metres over the last 2 years.
The most recent example is 27, Baddow Close, Woodford Green, IG8 7JE, a Leasehold flat which sold for £275,000 in Dec 2021.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ray Lodge Road, Woodford Green, IG8 has a total of 133 addresses. According to our analysis of all the public data, 156, Ray Lodge Road, Woodford Green is the 40th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £355k less expensive than the average property in IG8.
156, Ray Lodge Road, Woodford Green has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Apr 2023.
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 156, Ray Lodge Road, Woodford Green is Woodford station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 156, Ray Lodge Road, Woodford Green, 72.0% of property is socially rented and 13.4% is privately 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 156, Ray Lodge Road, Woodford Green, 30.1% of residents are recorded as possessing school level qualifications and 26.0% 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 156, Ray Lodge Road, 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 156, Ray Lodge Road, Woodford Green, 0.0% 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 156, Ray Lodge Road, Woodford Green, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.