According to the public record, 5, Wells Gate Close, Woodford Green is a modern freehold house with 3,595 ft2 of internal area and sits on a 660 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Wells Gate Close, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
5, Wells Gate Close, Woodford Green has a single entry in the Land Registry database from November 2012 and a single entry in the EPC database dated February 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Wells Gate Close Woodford Green as £1,623,686 and the rental value as £5,002 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 5 Wells Gate Close Woodford Green has increased by £17,317 (1.1%) and its rental value has increased by £97 per month (1.9%).
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 5, Wells Gate Close, Woodford Green is in very good condition we estimate a sale value of £1,704,870 and rental value of £5,252 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,510,028 and a rental value of £4,652 per month.
If you were able to purchase this property for the estimated value of £1,623,686, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,980 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, 5, Wells Gate Close, Woodford Green sits on a plot of 660m2.
We have plot size data on 5 out of 5 other houses in the postcode and 5, Wells Gate Close, Woodford Green sits on the largest plot.
According to HM Land Registry, 5, Wells Gate Close, Woodford Green was last sold on 21 Nov 2012 for £1,200,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2012, the market for similar properties has risen 61.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Wells Gate Close, Woodford Green within a radius of 740 metres over the last 2 years.
The most recent example is 1, Wells Gate Close, Woodford Green, IG8 0FD, a Freehold house which sold for £1,500,000 in Feb 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wells Gate Close, Woodford Green, IG8 has a total of 5 addresses. According to our analysis of all the public data, 5, Wells Gate Close, Woodford Green is the largest and the most expensive property on the street.
When compared to the postcode district it is £993k more expensive than the average property in IG8.
5, Wells Gate Close, Woodford Green has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Feb 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to 5, Wells Gate Close, Woodford Green is Woodford station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Wells Gate Close, Woodford Green, 52.0% of property is privately owned with a mortgage and 40.0% 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 5, Wells Gate Close, Woodford Green, 27.9% of residents are recorded as possessing school level qualifications and 49.0% 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 5, Wells Gate Close, Woodford Green, the average age was 43.1 and the most common age was 57.
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 5, Wells Gate Close, Woodford Green, 2.0% 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 5, Wells Gate Close, Woodford Green, there are an average of 1.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.