According to the public record, 2, Cortland Close, Woodford Green is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 330 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Cortland Close, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
2, Cortland Close, Woodford Green has a single entry in the Land Registry database from November 2007 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 2 Cortland Close Woodford Green as £154,036 and the rental value as £887 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 2 Cortland Close Woodford Green has increased by £2,368 (1.5%) and its rental value has increased by £21 per month (2.3%).
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 2, Cortland Close, Woodford Green is in very good condition we estimate a sale value of £161,738 and rental value of £932 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,254 and a rental value of £825 per month.
If you were able to purchase this property for the estimated value of £154,036, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £757 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, 2, Cortland Close, Woodford Green was last sold on 09 Nov 2007 for £112,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 45.8%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 490 metres radius of 2, Cortland Close, Woodford Green over the last 2 years.
The most recent example is 8, Cortland Close, Woodford Green, IG8 7PJ, a Freehold house which sold for £335,000 in Dec 2019.
Read more about house prices in IG8.
Cortland Close, Woodford Green, IG8 has a total of 9 addresses. According to our analysis of all the public data, 2, Cortland Close, Woodford Green is the 8th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £477k less expensive than the average property in IG8.
The closest station to 2, Cortland Close, Woodford Green is Woodford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Cortland Close, Woodford Green, 48.0% of property is privately owned with a mortgage and 27.1% 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 2, Cortland Close, Woodford Green, 21.1% of residents are recorded as possessing school level qualifications and 43.4% 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 2, Cortland Close, Woodford Green, the average age was 36.8 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 2, Cortland Close, Woodford Green, 0.8% 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 2, Cortland Close, Woodford Green, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.