According to the public record, 245, Prospect Road, Woodford Green is a early-century freehold house with 830 ft2 of internal area and sits on a 185 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Prospect Road, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
245, Prospect Road, Woodford Green has 3 entries in the Land Registry database, most recently in September 2018 and a single entry in the EPC database dated November 2011.
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 245 Prospect Road Woodford Green as £558,967 and the rental value as £2,366 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 245 Prospect Road Woodford Green has increased by £11,888 (2.1%) and its rental value has increased by £71 per month (3.0%).
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 245, Prospect Road, Woodford Green is in very good condition we estimate a sale value of £586,916 and rental value of £2,484 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £519,840 and a rental value of £2,200 per month.
If you were able to purchase this property for the estimated value of £558,967, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,747 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, 245, Prospect Road, Woodford Green sits on a plot of 185m2.
We have plot size data on 13 out of 17 other houses in the postcode and 245, Prospect Road, Woodford Green sits on the 11th largest plot.
According to HM Land Registry, 245, Prospect Road, Woodford Green was last sold on 14 Sep 2018 for £605,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2018, the market for similar properties has risen 14.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 245, Prospect Road, Woodford Green within a radius of 600 metres over the last 2 years.
The most recent example is 5, Durham Avenue, Woodford Green, IG8 7NH, a Freehold house which sold for £555,000 in Jul 2024.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Prospect Road, Woodford Green, IG8 has a total of 302 addresses. According to our analysis of all the public data, 245, Prospect Road, Woodford Green is the 161st largest and the 107th most expensive property on the street.
When compared to the postcode district it is £72k less expensive than the average property in IG8.
245, Prospect Road, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Nov 2011.
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 245, Prospect Road, Woodford Green is Roding Valley station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 245, Prospect Road, Woodford Green, 36.6% of property is privately owned with a mortgage and 35.8% 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 245, Prospect Road, Woodford Green, 15.4% of residents are recorded as possessing school level qualifications and 44.0% 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 245, Prospect 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 245, Prospect 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 245, Prospect Road, 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.