According to the public record, 38, Chapelmount Road, Woodford Green is a modern apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Chapelmount Road, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
38, Chapelmount Road, Woodford Green has no records in the Land Registry database and a single entry in the EPC database dated June 2023.
We combine this information with public data 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 38 Chapelmount Road Woodford Green as £326,038 and the rental value as £1,660 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 38 Chapelmount Road Woodford Green has increased by £5,325 (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 38, Chapelmount Road, Woodford Green is in very good condition we estimate a sale value of £342,340 and rental value of £1,743 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,215 and a rental value of £1,544 per month.
If you were able to purchase this property for the estimated value of £326,038, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,602 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Chapelmount Road, Woodford Green within a radius of 650 metres over the last 2 years.
The most recent example is 22, Chapelmount Road, Woodford Green, IG8 8HW, a Leasehold flat which sold for £355,000 in Oct 2022.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chapelmount Road, Woodford Green, IG8 has a total of 42 addresses. According to our analysis of all the public data, 38, Chapelmount Road, Woodford Green is the 16th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £305k less expensive than the average property in IG8.
38, Chapelmount Road, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Jun 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric ceiling heating.
The closest station to 38, Chapelmount Road, Woodford Green is Chigwell station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 38, Chapelmount Road, Woodford Green, 45.3% of property is privately owned outright and 31.4% is privately owned with a mortgage.
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 38, Chapelmount Road, Woodford Green, 15.3% of residents are recorded as possessing school level qualifications and 40.3% 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 38, Chapelmount Road, 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 38, Chapelmount 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 38, Chapelmount Road, 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.