48, MALVERN DRIVE, WOODFORD GREEN, IG8 0JP - £1,100,000

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

48 MALVERN DRIVE is a midsized extended detached house of 170m², built sometime between 1930 and 1949. It was last sold for £1,100,000 in March 2017, which was around 32% above the average March 2017 detached price in the Redbridge local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

48 MALVERN DRIVE Sold Prices

Land registry data shows four sales for 48 MALVERN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. All of the four 48 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
2017 10 MAR	£1,100,000	£832,118	32% above HPI
2008 5 NOV	£670,000	£485,483	38% above HPI
2003 21 FEB	£570,000	£415,679	37% above HPI
2001 8 FEB	£345,000	£292,464	18% above HPI

48 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 four 48 MALVERN DRIVE sales between February 2001 and March 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 November 2008 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the March 2017 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 48 MALVERN DRIVE?

48 MALVERN DRIVE is 170m², which includes one extension, according to the EPC inspection conducted in April 2021. 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 48 MALVERN DRIVE lies on this distribution: 57% of detached houses are smaller than 48 MALVERN DRIVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Woodford.

48 MALVERN DRIVE: Plot and Title Map

48 MALVERN DRIVE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 48 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 48 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 48 MALVERN DRIVE?

48 MALVERN DRIVE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 48 on MALVERN DRIVE.