21, MORGAN WAY, WOODFORD GREEN, IG8 8DL - £655,000

21 MORGAN WAY is a small extended detached house of 126m², built sometime between 1983 and 1990. It was last sold for £655,000 in November 2017, which was around 24% below the average November 2017 detached price in the Redbridge local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

21 MORGAN WAY Sold Prices

Land registry data shows three sales for 21 MORGAN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. All of the three 21 MORGAN WAY sales were for below 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
2017 23 NOV	£655,000	£864,291	24% below HPI
2006 14 NOV	£425,000	£482,876	12% below HPI
2001 23 NOV	£296,500	£336,322	12% below HPI

21 MORGAN WAY 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 three 21 MORGAN WAY sales between November 2001 and November 2017 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 November 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2017 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 21 MORGAN WAY?

21 MORGAN WAY is 126m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 30% of detached houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses by size in Woodford, and where 21 MORGAN WAY lies on this distribution: 27% of detached houses are smaller than 21 MORGAN WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Woodford.

21 MORGAN WAY: Plot and Title Map

21 MORGAN WAY sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 21 MORGAN WAY, 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 21 MORGAN WAY). 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 21 MORGAN WAY?

21 MORGAN WAY is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 21 on MORGAN WAY.