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House Prices in IG8 House Prices in IG8 (Woodford Green)

The average house price in IG8 (Woodford Green) is £555,979 using HM Land Registry data.

The average property price increased by £133,129 (15.36%) over the last 5 years and increased by £26,614 (2.5%) over the last 12 months.

Over the last year, there were 271 residential property sales – a decrease of 186 transactions (-68.63%) relative to the previous year. The majority of house sales (72) were in the £486,000 - £662,000 range. Then came properties in the £310,000 - £486,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,875 (-2%).

In June 2024, there were 56 new estate agency instructions, 60 agreed home sales and 23 property price reductions.

Nearby Postcodes: E10, E11, E17, E18, E4, E5, EN3, EN9, IG1, IG10, IG2, IG4, IG5, IG6, IG7, IG9, N15, N16, N17, N18, N9, RM4, RM5, RM6

5-Year Average Property Prices in IG8 (Woodford Green)

15.36%

Property prices in Woodford Green increased by 15.36% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in IG8 (Woodford Green) Over the Last Year

2.5%

Property prices in Woodford Green increased by 2.5% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for IG8 (Woodford Green) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in IG8 (Woodford Green)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in IG8 (Woodford Green)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in IG8 (Woodford Green)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the IG8 (Woodford Green) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IG8 postcode area since 1995.

Recent Sales in IG8 (Woodford Green)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
347 Roding Lane North, Woodford Green, Greater London, IG8 8LH£575,000£557,500-£17,50017 Apr 202412 Aug 2024117 Days
29 Brackley Square, Woodford Green, Greater London, IG8 7LJ£750,000£740,000-£10,00015 Mar 202405 Aug 2024143 Days
16 Newlands Road, Woodford Green, Greater London, IG8 0RU£1,000,000£975,000-£25,00003 Nov 202301 Aug 2024272 Days
30 Canfield Road, Woodford Green, Greater London, IG8 8JQ£529,950£515,000-£14,95004 Mar 202426 Jul 2024144 Days
5 Durham Avenue, Woodford Green, Greater London, IG8 7NH£565,000£555,000-£10,00027 Mar 202424 Jul 2024119 Days
42 Love Lane, Woodford Green, Essex, IG8 8BB£600,000£585,000-£15,00003 Jun 202302 Jul 2024395 Days
9 St Albans Crescent, Woodford Green, Greater London, IG8 9EH£1,000,000£985,000-£15,00030 Jan 202412 Jun 2024134 Days
21 Glengall Road, Woodford Green, Greater London, IG8 0DN£375,000£375,000£0031 Jan 202405 Jun 2024126 Days
10 Chapel Mews, Woodford Green, Greater London, IG8 8GP£1,000,000£990,000-£10,00002 Jan 202431 May 2024150 Days
9 Savill Row, Woodford Green, Greater London, IG8 0UH£325,000£322,500-£2,50005 Mar 202424 May 202480 Days
40 Gaynes Hill Road, Woodford Green, Greater London, IG8 8HX£625,000£605,000-£20,00010 Jan 202423 May 2024134 Days
51 Uplands Road, Woodford Green, Greater London, IG8 8JR£525,000£522,500-£2,50012 Jan 202416 May 2024125 Days
3 Hatchwood Close, Woodford Green, Greater London, IG8 0SX£850,000£820,000-£30,00013 Dec 202310 May 2024149 Days
32 Parkland Road, Woodford Green, Greater London, IG8 9AP£725,000£725,000£0008 Sep 202310 May 2024245 Days
19 Tamar Square, Woodford Green, Greater London, IG8 0EA£330,000£313,000-£17,00018 Jan 202316 Apr 2024454 Days
38 Greenstead Gardens, Woodford Green, Greater London, IG8 7EX£850,000£830,000-£20,00028 Sep 202311 Apr 2024196 Days
88 West Grove, Woodford Green, Greater London, IG8 7NP£485,000£485,000£0023 Jan 202409 Apr 202477 Days
13 Parkmore Close, Woodford Green, Greater London, IG8 0SJ£450,000£450,000£0019 Oct 202320 Mar 2024153 Days
10 Marion Grove, Woodford Green, Greater London, IG8 9TA£700,000£650,000-£50,00003 Oct 202314 Mar 2024163 Days
3 Forest Approach, Woodford Green, Greater London, IG8 9BW£925,000£918,075-£6,92501 Aug 202311 Mar 2024223 Days

Most Expensive Streets in IG8 (Woodford Green)

PostcodeStreetAreaAverageNo. of Sales
IG8 8GNClarence GateWoodford Green£1,873,0005
IG8 0EYMonkhams AvenueWoodford Green£1,856,2504
IG8 0LQMonkhams DriveWoodford Green£1,825,0003
IG8 0BHMellish GardensWoodford Green£1,616,6663
IG8 8RZRegents DriveWoodford Green£1,557,5004
IG8 0JHBeresford DriveWoodford Green£1,548,6663
IG8 0QGWoodland WayWoodford Green£1,471,2504
IG8 0LLPrinces AvenueWoodford Green£1,453,7504
IG8 0ERMonkhams AvenueWoodford Green£1,400,1663
IG8 0NSMonkhams LaneWoodford Green£1,380,0003

Least Expensive Streets in IG8 (Woodford Green)

PostcodeStreetAreaAverageNo. of Sales
IG8 9JUNew Jubilee CourtWoodford Green£188,63611
IG8 0EBTamar SquareWoodford Green£203,0004
IG8 9TDMontalt RoadWoodford Green£254,0005
IG8 9QQChingford LaneWoodford Green£257,23619
IG8 8PHChalford WalkWoodford Green£275,5717
IG8 9QNPayzes GardensWoodford Green£279,6116
IG8 8EHCopford CloseWoodford Green£285,0003
IG8 8BLWallers CloseWoodford Green£285,6663
IG8 7NJBarnes Court, Durham AvenueWoodford Green£289,1005
IG8 9LXAzalea Court, Bridle PathWoodford Green£289,1663

Explore IG8 (Woodford Green) using map

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