56A Prospect Road, Woodford Green, IG8 7NA is a leasehold flat built between 1950-1966. The property offers approximately 581 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £322,477 , which equates to approximately £555 per square foot. It was last sold on 20 Jun 2024 for £310,000. Since then, the value has increased by £12,477, representing a 4.0% increase, or approximately 2.7% per year.

The current estimated value of £322,477 is:

  • 37.9% lower than the average property price on Prospect Road
  • 29.1% lower than the average in the IG8 7NA postcode area
  • and 54.4% lower than the average price for Woodford Green as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 21 July 2021, the property was recorded as owner-occupied.

View sold house prices in IG8 7NA

Building approximate location

About Property

Type
Flat
Built
1950-1966
Interior Size
581 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£322,477
Price Per sq ft (estimate)
£555
Bedroom Count (estimate)
1 bedroom

EPC Summary

56A Prospect Road, Woodford Green, Redbridge, Greater London, IG8 7NA has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 21 Jul 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 11 Sep 2009, when the property was rated E. Since then, the rating has improved to C, with the energy efficiency score increasing by 37.7%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from flat, no insulation (assumed) to (another dwelling above), changing energy efficiency from very poor to n/a.
  • The lighting was updated from low energy lighting in 29% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, no insulation (assumed)
Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to IG8 7NA

17 th / 27
Price Rank
29% lower than average
15 th / 20
Size Rank
29% smaller than average
11 th / 20
Price Per Sq FT Rank
1% lower than average

Compared to other properties in IG8 7NA , this flat's estimated value ranks 17th out of 27. Based on price per square foot, it ranks 11th out of 20 properties. In terms of size, this home ranks 15th out of 20 properties in its postcode area.

Sale History

Today
£322,477
streetscan.co.uk estimate
+4 %
20 Jun 2024
£310,000
Leasehold
+20.4 %
5 Jan 2022
£257,500
Leasehold
+359.8 %
24 Oct 1997
£56,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 581 sq ft
sale price: £300,000
sale date: 14 Jun 2024
rooms: 3
size: 560 sq ft
sale price: £240,000
sale date: 10 Jun 2020
rooms: 2
size: 543 sq ft
sale price: £235,000
sale date: 24 May 2019
rooms: 3
size: 592 sq ft
sale price: £225,000
sale date: 31 Jul 2017
rooms: 3
size: 560 sq ft
sale price: £185,000
sale date: 31 Oct 2014

Data Sources

The property at 56A Prospect Road, Woodford Green, IG8 7NA appears three times in the Land Registry records, with the latest transaction recorded on 20 Jun 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 21 Jul 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.