According to the public record, Flat 8, Cumberland Court 173, Woodford Green is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cumberland Court, Horn Lane, Woodford Green, IG8.
Horn Lane, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
Flat 8, Cumberland Court 173, Woodford Green has 41 entries in the Land Registry database, most recently in May 2015 and a single entry in the EPC database dated April 2015.
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 8 Cumberland Court 173 Woodford Green as £233,383 and the rental value as £1,363 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 8 Cumberland Court 173 Woodford Green has increased by £3,530 (1.5%) and its rental value has increased by £24 per month (1.8%).
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 8, Cumberland Court 173, Woodford Green is in very good condition we estimate a sale value of £245,052 and rental value of £1,432 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,046 and a rental value of £1,268 per month.
If you were able to purchase this property for the estimated value of £233,383, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,147 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 8, Cumberland Court 173, Woodford Green was last sold on 18 May 2015 for £195,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2015, the market for similar properties has risen 17.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Cumberland Court 173, Woodford Green within a radius of 480 metres over the last 2 years.
The most recent example is 12, Mallards Road, Woodford Green, IG8 7DF, a Leasehold flat which sold for £250,000 in Jul 2022.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Horn Lane, Woodford Green, IG8 has a total of 229 addresses. According to our analysis of all the public data, Flat 8, Cumberland Court 173, Woodford Green is the 198th largest and the 225th most expensive property on the street.
When compared to the postcode district it is £398k less expensive than the average property in IG8.
Flat 8, Cumberland Court 173, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Apr 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 8, Cumberland Court 173, Woodford Green is Woodford station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, Cumberland Court 173, Woodford Green, 37.5% of property is privately owned outright and 31.9% is privately owned with a mortgage.
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 8, Cumberland Court 173, Woodford Green, 23.5% of residents are recorded as possessing school level qualifications and 53.1% 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 8, Cumberland Court 173, Woodford Green, the average age was 43.1 and the most common age was 57.
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 8, Cumberland Court 173, Woodford Green, 0.3% 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 8, Cumberland Court 173, Woodford Green, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.