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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

51 MONKHAMS DRIVE is a very large extended detached house of 222m², built sometime between 1930 and 1949, which could now be worth an estimated £1,783,019. It was last sold for £1,450,000 in August 2017, which was around 63% 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	£887,947	63% above HPI
1996 4 JAN	£80,000	£165,345	52% 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 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the August 2017 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 51 MONKHAMS DRIVE be worth now?

51 MONKHAMS DRIVE might now be worth an estimated £1,783,019.

This is based on house price inflation of 23%, between August 2017 and December 2024, 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 23% inflationary increase is applied to the most recent sale price for 51 MONKHAMS DRIVE of £1,450,000 on 25th August 2017. For the value to have increased from £1,450,000 to £1,783,019 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 51 MONKHAMS DRIVE has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The August 2017 sale price of £1,450,000 represented a fair market value for the property.
• The size, condition, and specification of 51 MONKHAMS DRIVE has not materially changed since August 2017.

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 houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodford, and where 51 MONKHAMS DRIVE lies on this distribution: 81% of detached houses houses are smaller than 51 MONKHAMS DRIVE, and 19% 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.