According to the public record, 8, Cross Road, Woodford Green is a mid-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cross Road, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
8, Cross Road, Woodford Green has a single entry in the Land Registry database from January 2008 and a single entry in the EPC database dated July 2019.
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 8 Cross Road Woodford Green as £299,274 and the rental value as £1,617 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 8 Cross Road Woodford Green has increased by £5,370 (1.8%) and its rental value has increased by £48 per month (3.0%).
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 8, Cross Road, Woodford Green is in very good condition we estimate a sale value of £314,238 and rental value of £1,698 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £278,325 and a rental value of £1,504 per month.
If you were able to purchase this property for the estimated value of £299,274, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,471 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, 8, Cross Road, Woodford Green was last sold on 30 Jan 2008 for £190,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2008, the market for similar properties has risen 49.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Cross Road, Woodford Green within a radius of 690 metres over the last 2 years.
The most recent example is 5 Elm Court, Love Lane, Woodford Green, IG8 8BJ, a Leasehold flat which sold for £280,000 in Mar 2023.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cross Road, Woodford Green, IG8 has a total of 18 addresses. According to our analysis of all the public data, 8, Cross Road, Woodford Green is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £332k less expensive than the average property in IG8.
8, Cross Road, Woodford Green has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Jul 2019.
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 8, Cross Road, Woodford Green is Chigwell station which is 1.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Cross Road, Woodford Green, 33.9% of property is privately rented and 32.2% is socially 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 8, Cross Road, Woodford Green, 18.9% of residents are recorded as possessing school level qualifications and 33.2% 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 8, Cross 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 8, Cross 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 8, Cross Road, Woodford Green, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.