3, MALVERN DRIVE, WOODFORD GREEN, IG8 0JR - £1,015,000

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

3 MALVERN DRIVE is a midsized detached house of 160m², built sometime between 1930 and 1949. It was last sold for £1,015,000 in December 2015, which was around 33% above the average December 2015 detached price in the Redbridge local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

3 MALVERN DRIVE Sold Prices

Land registry data shows two sales for 3 MALVERN DRIVE 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 3 MALVERN DRIVE sales were for above 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
2015 14 DEC	£1,015,000	£763,005	33% above HPI
2006 6 SEP	£725,000	£477,713	52% above HPI

3 MALVERN DRIVE 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 3 MALVERN DRIVE sales from September 2006 and December 2015 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 2006 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the December 2015 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 3 MALVERN DRIVE?

3 MALVERN DRIVE is 160m² according to the EPC inspection conducted in March 2014. This puts it in the largest 50% of detached houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses by size in Woodford, and where 3 MALVERN DRIVE lies on this distribution: 51% of detached houses are smaller than 3 MALVERN DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Woodford.

3 MALVERN DRIVE: Plot and Title Map

3 MALVERN DRIVE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 3 MALVERN DRIVE, 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 3 MALVERN DRIVE). 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 3 MALVERN DRIVE?

3 MALVERN DRIVE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 3 on MALVERN DRIVE.