William Rose says ..

Property Oracle says ..

Monkhams Drive is located in Woodford Green, a highly sought-after area in Redbridge, London. The property is a five-bedroom semi-detached house with three bathrooms, offering substantial living space at 2,167.10 sqft. The plot size is also generous at 3,207.65 sqft, including a sizable garden visible in the provided images. The presence of a garden is a significant advantage in this area.

The property appears to be in excellent condition, having undergone a tasteful and high-quality renovation. The images show a modern, updated kitchen and bathrooms, while retaining period features such as the original fireplaces and stained-glass windows. This blend of modern amenities and traditional charm is highly desirable in the Woodford Green market.

The list price of £2,000,000 is considerably higher than the average house price in the area (£832,234). However, the property’s size (2,167.10 sqft), superior condition, and the substantial garden, all contribute to a higher price point. While the average price per sqft in the area is £649, the unique features and desirability of this property justify a premium. The nearby comparable properties, though limited in data, support the higher price range, with several properties exceeding £1,000,000. The location, close to good schools and transport links, further enhances the value.

Considering all factors, this property presents a strong case for its asking price, although it is significantly above the average for the area. The high-quality renovation, generous garden, and prime location in Woodford Green are key factors justifying the premium.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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