According to the public record, 3A, Madeira Grove, Woodford Green is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 3, Madeira Grove, Woodford Green, IG8.
Madeira Grove, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
3A, Madeira Grove, Woodford Green has a single entry in the Land Registry database from January 2016 and a single entry in the EPC database dated February 2021.
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 3A Madeira Grove Woodford Green as £259,855 and the rental value as £1,452 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 3A Madeira Grove Woodford Green has increased by £4,447 (1.7%) and its rental value has increased by £29 per month (2.0%).
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 3A, Madeira Grove, Woodford Green is in very good condition we estimate a sale value of £272,847 and rental value of £1,525 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,665 and a rental value of £1,351 per month.
If you were able to purchase this property for the estimated value of £259,855, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,277 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, 3A, Madeira Grove, Woodford Green was last sold on 22 Jan 2016 for £275,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2016, the market for similar properties has risen 7.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3A, Madeira Grove, Woodford Green within a radius of 470 metres over the last 2 years.
The most recent example is 5A, Madeira Grove, Woodford Green, IG8 7QH, a Leasehold flat which sold for £200,000 in Nov 2022.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Madeira Grove, Woodford Green, IG8 has a total of 35 addresses. According to our analysis of all the public data, 3A, Madeira Grove, Woodford Green is the 26th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £371k less expensive than the average property in IG8.
3A, Madeira Grove, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Feb 2021.
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 3A, Madeira Grove, Woodford Green is Woodford station which is 200 metres 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 3A, Madeira Grove, Woodford Green, 41.7% of property is privately owned outright and 32.4% 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 3A, Madeira Grove, Woodford Green, 16.4% of residents are recorded as possessing school level qualifications and 51.7% 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 3A, Madeira Grove, Woodford Green, the average age was 38.8 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 3A, Madeira Grove, Woodford Green, 0.6% 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 3A, Madeira Grove, Woodford Green, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.