29, FOREST WAY, WOODFORD GREEN, IG8 0QF - £385,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

29 FOREST WAY is a very large extended detached house of 277m², built sometime between 1983 and 1990. It was last sold for £385,000 in March 2002, which was around 14% above the average March 2002 detached price in the Redbridge local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

29 FOREST WAY Sold Prices

Land registry data shows three sales for 29 FOREST WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. Two of the three 29 FOREST WAY sales were for above the average price, whilst one was 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
2002 28 MAR	£385,000	£337,284	14% above HPI
1999 4 MAY	£145,000	£216,115	33% below HPI
1997 17 APR	£230,000	£169,914	35% above HPI

29 FOREST WAY 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 three 29 FOREST WAY sales between April 1997 and March 2002 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 May 1999 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2002 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 29 FOREST WAY?

29 FOREST WAY is 277m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 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 29 FOREST WAY lies on this distribution: 92% of detached houses are smaller than 29 FOREST WAY, and 8% of houses are larger. Note that EPC data is not available for all properties in Woodford.

29 FOREST WAY: Plot and Title Map

29 FOREST WAY sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 29 FOREST WAY, 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 29 FOREST WAY). 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 29 FOREST WAY?

29 FOREST WAY is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 29 on FOREST WAY.