3, WHEELER CLOSE, WOODFORD GREEN, IG8 8LE - £490,000

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

3 WHEELER CLOSE is a large detached house of 178m², built sometime between 1991 and 1995. It was last sold for £490,000 in December 2009, which was about the average December 2009 detached price in the Redbridge local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

3 WHEELER CLOSE Sold Prices

Land registry data shows two sales for 3 WHEELER 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. One of the two 3 WHEELER CLOSE sales was roughly equal to the average price, whilst the other was 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
2009 16 DEC	£490,000	£488,111	Close to HPI
1996 10 DEC	£255,000	£164,233	55% above HPI

3 WHEELER 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 3 WHEELER CLOSE sales from December 1996 and December 2009 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 December 1996 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the December 2009 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 3 WHEELER CLOSE?

3 WHEELER CLOSE is 178m² according to the EPC inspection conducted in December 2020. This puts it in the largest 40% 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 WHEELER CLOSE lies on this distribution: 62% of detached houses are smaller than 3 WHEELER CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Woodford.

3 WHEELER CLOSE: Plot and Title Map

3 WHEELER CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 3 WHEELER 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 3 WHEELER 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 3 WHEELER CLOSE?

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