48, UNDERWOOD ROAD, WOODFORD GREEN, IG8 7LD - £232,000

48 UNDERWOOD ROAD is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £232,000 in February 2013, which was around 57% below the average February 2013 detached price in the Redbridge local authority area. The most recent EPC inspection was November 2008, where the current energy rating was F, and the potential energy rating was F.

48 UNDERWOOD ROAD Sold Prices

Land registry data shows three sales for 48 UNDERWOOD ROAD 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 48 UNDERWOOD ROAD 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
2013 28 FEB	£232,000	£545,597	57% below HPI
2010 22 OCT	£210,000	£546,154	62% below HPI
2002 18 APR	£132,500	£342,673	61% below HPI

48 UNDERWOOD ROAD 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 48 UNDERWOOD ROAD sales between April 2002 and February 2013 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 October 2010 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the February 2013 sale, where it rises to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 48 UNDERWOOD ROAD?

48 UNDERWOOD ROAD is 66m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 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 48 UNDERWOOD ROAD lies on this distribution: 2% of detached houses are smaller than 48 UNDERWOOD ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Woodford.

48 UNDERWOOD ROAD: Plot and Title Map

48 UNDERWOOD ROAD sits on a plot of roughly 0.037 of an acre, or 151m². The below map shows the location of 48 UNDERWOOD ROAD, 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 48 UNDERWOOD ROAD). 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 48 UNDERWOOD ROAD?

48 UNDERWOOD ROAD is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 48 on UNDERWOOD ROAD.