16, MONTROSE CLOSE, WOODFORD GREEN, IG8 0TZ - £700,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 MONTROSE CLOSE is a very small detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £869,510. It was last sold for £700,000 in May 2017, which was around 21% below the average May 2017 detached price in the Redbridge local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

16 MONTROSE CLOSE Sold Prices

Land registry data shows two sales for 16 MONTROSE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. Both of the two 16 MONTROSE CLOSE 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
2017 10 MAY	£700,000	£888,068	21% below HPI
2002 27 SEP	£357,500	£405,092	12% below HPI

16 MONTROSE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 16 MONTROSE CLOSE sales from September 2002 and May 2017 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 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 16 MONTROSE CLOSE be worth now?

16 MONTROSE CLOSE might now be worth an estimated £869,510.

This is based on house price inflation of 24.2%, between May 2017 and February 2025, for detached houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.2% inflationary increase is applied to the most recent sale price for 16 MONTROSE CLOSE of £700,000 on 10th May 2017. For the value to have increased from £700,000 to £869,510 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 16 MONTROSE CLOSE has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The May 2017 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MONTROSE CLOSE has not materially changed since May 2017.

How Large is 16 MONTROSE CLOSE?

16 MONTROSE CLOSE is 112m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodford, and where 16 MONTROSE CLOSE lies on this distribution: 19% of detached houses houses are smaller than 16 MONTROSE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Woodford.

16 MONTROSE CLOSE: Plot and Title Map

16 MONTROSE CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 16 MONTROSE CLOSE, 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 16 MONTROSE CLOSE). 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.

Where is 16 MONTROSE CLOSE?

16 MONTROSE CLOSE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 16 on MONTROSE CLOSE.