According to the public record, 56, Monkhams Lane, Woodford Green is a mid-century freehold house with 1,840 ft2 of internal area and sits on a 488 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Monkhams Lane, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
56, Monkhams Lane, Woodford Green has a single entry in the Land Registry database from August 2014 and a single entry in the EPC database dated February 2017.
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 56 Monkhams Lane Woodford Green as £1,198,667 and the rental value as £3,692 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 56 Monkhams Lane Woodford Green has increased by £9,445 (0.8%) and its rental value has increased by £87 per month (2.4%).
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 56, Monkhams Lane, Woodford Green is in very good condition we estimate a sale value of £1,258,600 and rental value of £3,877 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,114,760 and a rental value of £3,434 per month.
If you were able to purchase this property for the estimated value of £1,198,667, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,891 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, 56, Monkhams Lane, Woodford Green sits on a plot of 488m2.
We have plot size data on 4 out of 4 other houses in the postcode and 56, Monkhams Lane, Woodford Green sits on the 3rd largest plot.
According to HM Land Registry, 56, Monkhams Lane, Woodford Green was last sold on 22 Aug 2014 for £975,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2014, the market for similar properties has risen 29.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Monkhams Lane, Woodford Green within a radius of 690 metres over the last 2 years.
The most recent example is 19, Dale Gardens, Woodford Green, IG8 0PB, a Freehold house which sold for £1,050,000 in Dec 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Monkhams Lane, Woodford Green, IG8 has a total of 106 addresses. According to our analysis of all the public data, 56, Monkhams Lane, Woodford Green is the 58th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £568k more expensive than the average property in IG8.
56, Monkhams Lane, Woodford Green has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 10 Feb 2017.
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 56, Monkhams Lane, Woodford Green is Roding Valley station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 56, Monkhams Lane, Woodford Green, 55.2% of property is privately owned with a mortgage and 34.5% 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 56, Monkhams Lane, Woodford Green, 20.7% of residents are recorded as possessing school level qualifications and 51.4% 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 56, Monkhams Lane, 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 56, Monkhams Lane, Woodford Green, 2.3% 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 56, Monkhams Lane, 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.