According to the public record, 7, Orsett Terrace, Woodford Green is a mid-century leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Orsett Terrace, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
7, Orsett Terrace, Woodford Green has 2 entries in the Land Registry database, most recently in July 2014 and a single entry in the EPC database dated March 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 7 Orsett Terrace Woodford Green as £233,187 and the rental value as £1,252 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 7 Orsett Terrace Woodford Green has increased by £3,769 (1.6%) and its rental value has increased by £29 per month (2.3%).
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, Orsett Terrace, Woodford Green is in very good condition we estimate a sale value of £244,846 and rental value of £1,314 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,864 and a rental value of £1,164 per month.
If you were able to purchase this property for the estimated value of £233,187, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,146 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 HM Land Registry, 7, Orsett Terrace, Woodford Green was last sold on 30 Jul 2014 for £195,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2014, the market for similar properties has risen 30.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Orsett Terrace, Woodford Green within a radius of 450 metres over the last 2 years.
The most recent example is Flat 266, Sunset Court, Navestock Crescent, Woodford Green, IG8 7BE, a Leasehold flat which sold for £210,000 in Mar 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orsett Terrace, Woodford Green, IG8 has a total of 40 addresses. According to our analysis of all the public data, 7, Orsett Terrace, Woodford Green is the 40th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £398k less expensive than the average property in IG8.
7, Orsett Terrace, Woodford Green has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Mar 2011.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 7, Orsett Terrace, Woodford Green is Woodford station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Orsett Terrace, Woodford Green, 74.3% of property is socially rented and 9.6% is privately rented.
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, Orsett Terrace, Woodford Green, 34.2% of residents are recorded as possessing school level qualifications and 27.3% 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 7, Orsett Terrace, Woodford Green, the average age was 36.8 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 7, Orsett Terrace, Woodford Green, 0.2% 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, Orsett Terrace, Woodford Green, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.