According to the public record, 7, Monkhams Drive, Woodford Green is a early-century freehold house with 3,003 ft2 of internal area and sits on a 631 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Monkhams Drive, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
7, Monkhams Drive, Woodford Green has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated October 2020.
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 7 Monkhams Drive Woodford Green as £3,384,342 and the rental value as £10,425 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 7 Monkhams Drive Woodford Green has increased by £37,750 (1.1%) and its rental value has increased by £144 per month (1.4%).
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 7, Monkhams Drive, Woodford Green is in very good condition we estimate a sale value of £3,553,559 and rental value of £10,947 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £3,147,438 and a rental value of £9,696 per month.
If you were able to purchase this property for the estimated value of £3,384,342, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £16,633 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, 7, Monkhams Drive, Woodford Green sits on a plot of 631m2.
We have plot size data on 10 out of 20 other houses in the postcode and 7, Monkhams Drive, Woodford Green sits on the 7th largest plot.
According to HM Land Registry, 7, Monkhams Drive, Woodford Green was last sold on 23 Mar 2021 for £1,975,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 5.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 7, Monkhams Drive, Woodford Green within a radius of 520 metres over the last 2 years.
The most recent example is 35, Monkhams Drive, Woodford Green, IG8 0LG, a Freehold house which sold for £3,600,000 in Jul 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Monkhams Drive, Woodford Green, IG8 has a total of 86 addresses. According to our analysis of all the public data, 7, Monkhams Drive, Woodford Green is the 9th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £2.753m more expensive than the average property in IG8.
7, Monkhams Drive, Woodford Green has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Oct 2020.
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 7, Monkhams Drive, Woodford Green is Woodford station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Monkhams Drive, Woodford Green, 58.9% of property is privately owned outright and 32.9% 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 7, Monkhams Drive, Woodford Green, 21.1% of residents are recorded as possessing school level qualifications and 60.6% 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 7, Monkhams Drive, 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 7, Monkhams Drive, Woodford Green, 3.5% 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 7, Monkhams Drive, Woodford Green, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.