According to the public record, 177B, Prospect Road, Woodford Green is a mid-century leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 177, Prospect Road, Woodford Green, IG8.
Prospect Road, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
177B, Prospect Road, Woodford Green has a single entry in the Land Registry database from January 2020 and a single entry in the EPC database dated December 2018.
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 177B Prospect Road Woodford Green as £298,524 and the rental value as £1,476 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 177B Prospect Road Woodford Green has increased by £5,109 (1.7%) and its rental value has increased by £30 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 177B, Prospect Road, Woodford Green is in very good condition we estimate a sale value of £313,451 and rental value of £1,550 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,628 and a rental value of £1,373 per month.
If you were able to purchase this property for the estimated value of £298,524, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,467 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, 177B, Prospect Road, Woodford Green was last sold on 17 Jan 2020 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2020, the market for similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 177B, Prospect Road, Woodford Green within a radius of 540 metres over the last 2 years.
The most recent example is 62A, Prospect Road, Woodford Green, IG8 7NA, a Leasehold flat which sold for £300,000 in Jun 2024.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Prospect Road, Woodford Green, IG8 has a total of 302 addresses. According to our analysis of all the public data, 177B, Prospect Road, Woodford Green is the 252nd largest and the 223rd most expensive property on the street.
When compared to the postcode district it is £333k less expensive than the average property in IG8.
177B, Prospect Road, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Dec 2018.
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 177B, Prospect Road, Woodford Green is Woodford station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 177B, Prospect Road, Woodford Green, 50.0% of property is privately owned with a mortgage and 32.3% is privately owned outright.
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 177B, Prospect Road, Woodford Green, 11.7% of residents are recorded as possessing school level qualifications and 51.6% 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 177B, Prospect Road, 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 177B, Prospect Road, Woodford Green, 1.2% 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 177B, Prospect Road, 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.