According to the public record, Flat 7, Kensington House, Woodford Green is a modern leasehold apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Kensington House, Richmond Drive, Woodford Green, IG8.
Richmond Drive, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
Flat 7, Kensington House, Woodford Green has 31 entries in the Land Registry database, most recently in June 2021 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 Flat 7 Kensington House Woodford Green as £576,689 and the rental value as £2,300 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 7 Kensington House Woodford Green has increased by £12,808 (2.2%) and its rental value has increased by £69 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 Flat 7, Kensington House, Woodford Green is in very good condition we estimate a sale value of £605,523 and rental value of £2,415 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £536,320 and a rental value of £2,139 per month.
If you were able to purchase this property for the estimated value of £576,689, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,834 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, Flat 7, Kensington House, Woodford Green was last sold on 30 Jun 2021 for £640,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Kensington House, Woodford Green within a radius of 740 metres over the last 2 years.
The most recent example is Flat 7, Bartholomew House, Richmond Drive, Woodford Green, IG8 8RP, a Leasehold flat which sold for £575,000 in Jul 2024.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Drive, Woodford Green, IG8 has a total of 48 addresses. According to our analysis of all the public data, Flat 7, Kensington House, Woodford Green is the 34th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £54k less expensive than the average property in IG8.
Flat 7, Kensington House, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 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 Flat 7, Kensington House, Woodford Green is Hainault station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 7, Kensington House, Woodford Green, 37.2% of property is privately owned with a mortgage and 34.7% 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 Flat 7, Kensington House, Woodford Green, 22.7% of residents are recorded as possessing school level qualifications and 45.0% 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 Flat 7, Kensington House, Woodford Green, the average age was 37.1 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 Flat 7, Kensington House, Woodford Green, 1.6% 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 Flat 7, Kensington House, Woodford Green, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.