Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
1 MEWS PLACE is a very small extended detached house of 88m², built sometime before 1900. It was last sold for £385,000 in December 2012, which was around 29% below the average December 2012 detached price in the Redbridge local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.
Land registry data shows four sales for 1 MEWS PLACE since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. All of the four 1 MEWS PLACE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).
Date | Price | HPI Price | Variation from HPI |
---|---|---|---|
2012 3 DEC | £385,000 | £542,790 | 29% below HPI |
2002 13 SEP | £270,000 | £382,061 | 29% below HPI |
1998 29 MAY | £145,000 | £200,308 | 28% below HPI |
1996 17 DEC | £94,000 | £164,233 | 43% below HPI |
The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The four 1 MEWS PLACE sales between December 1996 and December 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2002 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2012 sale, which was also at 29% below the HPI.
1 MEWS PLACE is 88m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses by size in Woodford, and where 1 MEWS PLACE lies on this distribution: 6% of detached houses are smaller than 1 MEWS PLACE, and 94% of houses are larger. Note that EPC data is not available for all properties in Woodford.
1 MEWS PLACE sits on a plot of roughly 0.020 of an acre, or 80m². The below map shows the location of 1 MEWS PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MEWS PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.
1 MEWS PLACE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 1 on MEWS PLACE.