1, WELLS GATE CLOSE, WOODFORD GREEN, IG8 0FD - £1,500,000

1 WELLS GATE CLOSE is a very large extended detached house of 296m², built sometime between 2007 and 2011. It was last sold for £1,500,000 in February 2023, which was around 44% above the average February 2023 detached price in the Redbridge local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

1 WELLS GATE CLOSE Sold Prices

Land registry data shows two sales for 1 WELLS GATE CLOSE 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 1 WELLS GATE CLOSE 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
2023 20 FEB	£1,500,000	£1,039,070	44% above HPI
2013 15 FEB	£1,000,000	£545,597	83% above HPI

1 WELLS 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 two 1 WELLS GATE CLOSE sales from February 2013 and February 2023 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 February 2013 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the February 2023 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 1 WELLS GATE CLOSE?

1 WELLS GATE CLOSE is 296m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 10% of detached houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses by size in Woodford, and where 1 WELLS GATE CLOSE lies on this distribution: 95% of detached houses are smaller than 1 WELLS GATE CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Woodford.

1 WELLS GATE CLOSE: Plot and Title Map

1 WELLS GATE CLOSE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 1 WELLS 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 1 WELLS 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 1 WELLS GATE CLOSE?

1 WELLS GATE CLOSE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 1 on WELLS GATE CLOSE.