According to the public record, 1B, Madeira Grove, Woodford Green is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Madeira Grove, Woodford Green, IG8.
Madeira Grove, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
1B, Madeira Grove, Woodford Green has 21 entries in the Land Registry database, most recently in April 2011 and a single entry in the EPC database dated June 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 1B Madeira Grove Woodford Green as £249,894 and the rental value as £1,448 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 1B Madeira Grove Woodford Green has increased by £4,276 (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 1B, Madeira Grove, Woodford Green is in very good condition we estimate a sale value of £262,389 and rental value of £1,520 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,401 and a rental value of £1,347 per month.
If you were able to purchase this property for the estimated value of £249,894, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,228 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, 1B, Madeira Grove, Woodford Green was last sold on 12 Apr 2011 for £145,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2011, the market for similar properties has risen 62.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1B, Madeira Grove, Woodford Green within a radius of 470 metres over the last 2 years.
The most recent example is Flat 3, Devereux Court 44-46, Snakes Lane West, Woodford Green, IG8 0DF, a Leasehold flat which sold for £290,000 in Sep 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, 1B, Madeira Grove, Woodford Green is the 32nd largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £381k less expensive than the average property in IG8.
1B, Madeira Grove, Woodford Green has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Jun 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 1B, 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 1B, 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 1B, 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 1B, 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 1B, 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 1B, 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.