7, FRIARS GATE CLOSE, WOODFORD GREEN, IG8 0SG - £753,000

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

7 FRIARS GATE CLOSE is a small extended detached house of 120m², built sometime between 1983 and 1990. It was last sold for £753,000 in February 2021, which was around 18% below the average February 2021 detached price in the Redbridge local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

7 FRIARS GATE CLOSE Sold Prices

Land registry data shows four sales for 7 FRIARS GATE CLOSE 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. Most of the four 7 FRIARS GATE CLOSE 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
2021 26 FEB	£753,000	£921,604	18% below HPI
2006 23 NOV	£475,000	£482,876	2% below HPI
2003 24 APR	£445,000	£410,389	8% above HPI
2002 12 MAR	£250,000	£337,284	26% below HPI

7 FRIARS GATE 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 four 7 FRIARS GATE CLOSE sales between March 2002 and February 2021 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 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 7 FRIARS GATE CLOSE?

7 FRIARS GATE CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses by size in Woodford, and where 7 FRIARS GATE CLOSE lies on this distribution: 22% of detached houses are smaller than 7 FRIARS GATE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Woodford.

7 FRIARS GATE CLOSE: Plot and Title Map

7 FRIARS GATE CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 7 FRIARS GATE 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 7 FRIARS GATE 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 7 FRIARS GATE CLOSE?

7 FRIARS GATE CLOSE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 7 on FRIARS GATE CLOSE.