According to the public record, 16, Morgan Way, Woodford Green is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Morgan Way, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
16, Morgan Way, Woodford Green has 31 entries in the Land Registry database, most recently in December 2013 and a single entry in the EPC database dated July 2013.
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 16 Morgan Way Woodford Green as £351,199 and the rental value as £1,638 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 16 Morgan Way Woodford Green has increased by £5,735 (1.6%) and its rental value has increased by £42 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 16, Morgan Way, Woodford Green is in very good condition we estimate a sale value of £368,758 and rental value of £1,719 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £326,615 and a rental value of £1,523 per month.
If you were able to purchase this property for the estimated value of £351,199, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,726 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, 16, Morgan Way, Woodford Green was last sold on 09 Dec 2013 for £230,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2013, the market for similar properties has risen 43.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Morgan Way, Woodford Green within a radius of 600 metres over the last 2 years.
The most recent example is 19, Sands Way, Woodford Green, IG8 8EJ, a Leasehold flat which sold for £355,000 in Jul 2024.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morgan Way, Woodford Green, IG8 has a total of 35 addresses. According to our analysis of all the public data, 16, Morgan Way, Woodford Green is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £280k less expensive than the average property in IG8.
16, Morgan Way, Woodford Green has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jul 2013.
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 16, Morgan Way, Woodford Green is Woodford station which is 1.5 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 16, Morgan Way, Woodford Green, 33.1% of property is privately owned with a mortgage and 32.4% 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 16, Morgan Way, Woodford Green, 18.1% of residents are recorded as possessing school level qualifications and 40.4% 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 16, Morgan Way, 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 16, Morgan Way, Woodford Green, 1.2% 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 16, Morgan Way, 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.