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Woodford House Prices Woodford House Prices

The average house price in Woodford is £614,090 using HM Land Registry data.

The average property price increased by £127,021 (23.41%) over the last 5 years and increased by £25,387 (3.94%) over the last 12 months.

Over the last year, there were 312 residential property sales – a decrease of 201 transactions (-64.42%) relative to the previous year. The majority of house sales (85) were in the £486,000 - £662,000 range. Then came properties in the £310,000 - £486,000 range, where 77 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 113 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,519 (-1%).

In April 2024, there were 88 new estate agency instructions, 51 agreed home sales and 34 property price reductions.

Neighbouring Areas: Ilford, South Woodford, Chingford, Walthamstow, Highams Park

Postcodes Covered: E18, IG8, IG9

5-Year Average Property Prices in Woodford

23.41%

Property prices in Woodford increased by 23.41% 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 Woodford Over the Last Year

3.94%

Property prices in Woodford increased by 3.94% 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 Woodford - April 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Woodford

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 Woodford

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 Woodford

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 Woodford since 1995

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

Recent Property Sales in Woodford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
73 Monkhams Drive, Woodford Green, Greater London, IG8 0LD£1,180,000£1,180,000£0028 Nov 202307 Mar 2024100 Days
8 Meadway, Woodford Green, Greater London, IG8 7RF£595,000£580,000-£15,00019 Sep 202329 Feb 2024163 Days
7 Broad Oak, Woodford Green, Greater London, IG8 0LH£850,000£835,000-£15,00031 Oct 202329 Jan 202490 Days
39 St Albans Crescent, Woodford Green, Greater London, IG8 9EL£750,000£690,500-£59,50024 Aug 202325 Jan 2024154 Days
230 Prospect Road, Woodford Green, Greater London, IG8 7NQ£585,000£585,000£0016 Jun 202322 Jan 2024220 Days
38 Gwynne Park Avenue, Woodford Green, Greater London, IG8 8AB£750,000£725,000-£25,00007 Sep 202322 Jan 2024137 Days
10 Pintail Road, Woodford Green, Greater London, IG8 7DX£500,000£480,000-£20,00011 Jul 202316 Jan 2024189 Days
1a, Beresford Drive, Woodford Green, Greater London, IG8 0JH£2,000,000£1,840,000-£160,00023 Mar 202312 Jan 2024295 Days
13 Underwood Road, Woodford Green, Greater London, IG8 7LD£425,000£415,000-£10,00005 Sep 202315 Dec 2023101 Days
11a, Durham Avenue, Woodford Green, Greater London, IG8 7NH£700,000£692,500-£7,50029 Sep 202308 Dec 202370 Days
3 Vernon Avenue, Woodford Green, Greater London, IG8 0AU£600,000£575,738-£24,26210 Jul 202324 Nov 2023137 Days
222 Prospect Road, Woodford Green, Greater London, IG8 7NQ£700,000£695,100-£4,90010 Jul 202317 Nov 2023130 Days
37 Chelmsford Road, South Woodford, London, Greater London, E18 2PW£775,000£775,000£0002 Aug 202303 Nov 202393 Days
6 Malmesbury Road, London, Greater London, E18 2NN£950,000£900,000-£50,00006 Jul 202327 Oct 2023113 Days
39 Malmesbury Road, London, Greater London, E18 2NL£735,000£735,000£0005 Jun 202327 Oct 2023144 Days
50 Ray Lodge Road, Woodford Green, Greater London, IG8 7NZ£200,000£163,000-£37,00022 Sep 202127 Oct 2023765 Days
151 Whitehall Road, Woodford Green, Greater London, IG8 0RH£800,000£772,500-£27,50023 Aug 202326 Oct 202364 Days
12 Park Avenue, Woodford Green, Greater London, IG8 0EU£1,250,000£1,250,000£0026 Apr 202323 Oct 2023180 Days
40 Carnarvon Road, London, Greater London, E18 2NU£600,000£595,000-£5,00027 Feb 202320 Oct 2023235 Days
84 Derby Road, London, Greater London, E18 2PS£285,000£280,000-£5,00007 Apr 202320 Oct 2023196 Days

Most Expensive Streets in Woodford

PostcodeStreetAreaAverageNo. of Sales
IG8 0EYMonkhams AvenueWoodford Green£1,702,0005
IG8 8GNClarence GateWoodford Green£1,650,0003
IG8 0BHMellish GardensWoodford Green£1,616,6663
IG8 0QLThe DellWoodford Green£1,588,3333
IG8 8RZRegents DriveWoodford Green£1,557,5004
IG8 0JHBeresford DriveWoodford Green£1,548,6663
IG8 0QGWoodland WayWoodford Green£1,461,6663
IG8 0LLPrinces AvenueWoodford Green£1,453,7504
IG8 0NSMonkhams LaneWoodford Green£1,380,0003
IG8 0ERMonkhams AvenueWoodford Green£1,368,8754

Least Expensive Streets in Woodford

PostcodeStreetAreaAverageNo. of Sales
IG8 7NZRay Lodge RoadWoodford Green£177,0003
IG8 9JUNew Jubilee CourtWoodford Green£197,43716
IG8 0EBTamar SquareWoodford Green£210,6663
E18 2GFBlackberry CourtQueen Mary Avenue£210,7754
IG8 7JFBaddow CloseWoodford Green£241,6663
E18 1DPLynwood CloseLondon£268,7878
E18 2PDHigh RoadSouth Woodford£271,2438
E18 2QDWoodford New RoadLondon£272,2504
IG8 8PHChalford WalkWoodford Green£275,5717
E18 1DQFosters CloseLondon£281,1663

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