According to the public record, 21, Summit Drive, Woodford Green is a early-century freehold house with 1,345 ft2 of internal area and sits on a 388 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Summit Drive, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
21, Summit Drive, Woodford Green has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated October 2016.
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 21 Summit Drive Woodford Green as £672,148 and the rental value as £2,855 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 21 Summit Drive Woodford Green has increased by £11,318 (1.7%) and its rental value has increased by £70 per month (2.5%).
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 21, Summit Drive, Woodford Green is in very good condition we estimate a sale value of £705,756 and rental value of £2,997 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £625,098 and a rental value of £2,655 per month.
If you were able to purchase this property for the estimated value of £672,148, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,303 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 data from HM Land Registry, 21, Summit Drive, Woodford Green sits on a plot of 388m2.
We have plot size data on 20 out of 30 other houses in the postcode and 21, Summit Drive, Woodford Green sits on the largest plot.
According to HM Land Registry, 21, Summit Drive, Woodford Green was last sold on 24 Mar 2017 for £650,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has risen 15.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Summit Drive, Woodford Green within a radius of 740 metres over the last 2 years.
The most recent example is 44, Summit Drive, Woodford Green, IG8 8QP, a Freehold house which sold for £645,000 in Dec 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Summit Drive, Woodford Green, IG8 has a total of 60 addresses. According to our analysis of all the public data, 21, Summit Drive, Woodford Green is the 14th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in IG8.
21, Summit Drive, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Oct 2016.
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 21, Summit Drive, Woodford Green is South 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 21, Summit Drive, Woodford Green, 50.0% of property is privately owned with a mortgage and 43.8% 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 21, Summit Drive, Woodford Green, 17.7% of residents are recorded as possessing school level qualifications and 39.6% 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 21, Summit Drive, 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 21, Summit Drive, 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 21, Summit Drive, Woodford Green, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.