NEWLANDS, FOREST CLOSE, WOODFORD GREEN, IG8 0QD - £895,000

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

NEWLANDS is a midsized detached house of 168m², built sometime between 1930 and 1949. It was last sold for £895,000 in January 2013, which was around 65% above the average January 2013 detached price in the Redbridge local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS 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. Both of the two NEWLANDS 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
2013 18 JAN	£895,000	£541,758	65% above HPI
1997 8 SEP	£240,000	£186,682	29% above HPI

NEWLANDS 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 NEWLANDS sales from September 1997 and January 2013 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 September 1997 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the January 2013 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is NEWLANDS?

NEWLANDS is 168m² according to the EPC inspection conducted in February 2012. 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 NEWLANDS lies on this distribution: 56% of detached houses are smaller than NEWLANDS, and 44% of houses are larger. Note that EPC data is not available for all properties in Woodford.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on FOREST CLOSE in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of NEWLANDS on FOREST CLOSE.