36, MORGAN WAY, WOODFORD GREEN, IG8 8DL - £680,000

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.

36 MORGAN WAY is a very small detached house of 107m², built sometime between 1976 and 1982, which could now be worth an estimated £806,680. It was last sold for £680,000 in July 2018, which was around 27% below the average July 2018 detached price in the Redbridge local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

36 MORGAN WAY Sold Prices

Land registry data shows three sales for 36 MORGAN 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. All of the three 36 MORGAN WAY 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
2018 19 JUL	£680,000	£929,888	27% below HPI
2006 7 DEC	£411,000	£513,024	20% below HPI
1996 29 NOV	£137,500	£174,534	21% below HPI

36 MORGAN 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 36 MORGAN WAY sales between November 1996 and July 2018 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 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2018 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 36 MORGAN WAY be worth now?

36 MORGAN WAY might now be worth an estimated £806,680.

This is based on house price inflation of 18.6%, between July 2018 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 18.6% inflationary increase is applied to the most recent sale price for 36 MORGAN WAY of £680,000 on 19th July 2018. For the value to have increased from £680,000 to £806,680 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 36 MORGAN WAY has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The July 2018 sale price of £680,000 represented a fair market value for the property.
• The size, condition, and specification of 36 MORGAN WAY has not materially changed since July 2018.

How Large is 36 MORGAN WAY?

36 MORGAN WAY is 107m² according to the EPC inspection conducted in May 2017. 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 36 MORGAN WAY lies on this distribution: 14% of detached houses houses are smaller than 36 MORGAN WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Woodford.

36 MORGAN WAY: Plot and Title Map

36 MORGAN WAY sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 36 MORGAN 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 36 MORGAN 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 36 MORGAN WAY?

36 MORGAN WAY is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 36 on MORGAN WAY.