51, MONKHAMS DRIVE, WOODFORD GREEN, IG8 0LE - £1,450,000

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

51 MONKHAMS DRIVE is a very large extended detached house of 222m², built sometime between 1930 and 1949. It was last sold for £1,450,000 in August 2017, which was around 73% above the average August 2017 detached price in the Redbridge local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was D.

51 MONKHAMS DRIVE Sold Prices

Land registry data shows two sales for 51 MONKHAMS 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. One of the two 51 MONKHAMS DRIVE sales was for above the average price, whilst the other 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
2017 25 AUG	£1,450,000	£837,463	73% above HPI
1996 4 JAN	£80,000	£155,944	49% below HPI

51 MONKHAMS 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 51 MONKHAMS DRIVE sales from January 1996 and August 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 January 1996 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the August 2017 sale, where it rises to 73% above the HPI. The line then continues to track at 73% above the HPI.

How Large is 51 MONKHAMS DRIVE?

51 MONKHAMS DRIVE is 222m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the largest 20% of detached houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses by size in Woodford, and where 51 MONKHAMS DRIVE lies on this distribution: 81% of detached houses are smaller than 51 MONKHAMS DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Woodford.

51 MONKHAMS DRIVE: Plot and Title Map

51 MONKHAMS DRIVE sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of 51 MONKHAMS 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 51 MONKHAMS 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 51 MONKHAMS DRIVE?

51 MONKHAMS DRIVE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 51 on MONKHAMS DRIVE.