IG8 7LZ is a residential postcode situated on Hope Close, Woodford Green, IG8 with 3 addresses.
It ranks as the 30th largest and 265th most expensive of the 716 postcodes in the IG8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 3 properties: 3 houses.
IG8 7LZ is a residential postcode situated on Hope Close, Woodford Green, IG8 with 3 addresses.
It ranks as the 30th largest and 265th most expensive of the 716 postcodes in the IG8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 3 properties: 3 houses.
Sale prices range from £449,086 for 3 bedroom freehold houses with a garden (698 ft2) to £545,928 for 3 bedroom freehold houses with a garden (990 ft2) .
Monthly rental prices range from £2,005 pcm for 3 bed houses to £2,350 pcm for 3 bed houses.
The gross rental yield is between 5.2% and 5.4%.
The average value per square foot is £571.
The last sale in IG8 7LZ sold for £250,000 on 26th November 2009. Since then prices are up an average of 103.5%.
The current average value in the postcode is £505,968.
The IG8 7LZ Sales Market has increased by 22.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.7% | £505,968 |
| April 2025 | 1.9% | £509,599 |
| April 2024 | -1% | £500,075 |
| April 2023 | 1.6% | £505,255 |
| April 2022 | 7.3% | £497,143 |
| April 2021 | 5.3% | £463,275 |
| April 2020 | 2.9% | £439,960 |
| April 2019 | -3.2% | £427,636 |
| April 2018 | 2.2% | £441,855 |
| April 2017 | 4.6% | £432,166 |
| April 2016 | 14% | £413,217 |
| April 2015 | 13.1% | £362,553 |
| April 2014 | 11.6% | £320,582 |
| April 2013 | 8.3% | £287,177 |
| April 2012 | 1.2% | £265,199 |
| April 2011 | -0.5% | £262,133 |
| April 2010 | 10.4% | £263,360 |
| April 2009 | -12.1% | £238,608 |
| April 2008 | 4.6% | £271,575 |
| April 2007 | 0% | £259,584 |
The current average rental value in the postcode is £2,211.
The IG8 7LZ Rental Market has increased by 43.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.2% | £2,211pcm |
| April 2025 | 4.1% | £2,143pcm |
| April 2024 | 4.3% | £2,060pcm |
| April 2023 | 14.3% | £1,975pcm |
| April 2022 | 5.8% | £1,728pcm |
| April 2021 | 4.2% | £1,634pcm |
| April 2020 | 2.4% | £1,567pcm |
| April 2019 | 0.6% | £1,530pcm |
| April 2018 | 1% | £1,521pcm |
| April 2017 | -2% | £1,506pcm |
| April 2016 | 7.8% | £1,536pcm |
| April 2015 | 3.5% | £1,425pcm |
| April 2014 | 7.1% | £1,377pcm |
| April 2013 | 1.3% | £1,286pcm |
| April 2012 | 14.1% | £1,269pcm |
| April 2011 | 4.5% | £1,113pcm |
| April 2010 | 2.6% | £1,065pcm |
| April 2009 | -8.4% | £1,038pcm |
| April 2008 | 11.3% | £1,133pcm |
| April 2007 | 0% | £1,018pcm |
The last sale was on 26th November 2009 for £250,000 and since then the market in the area has increased by 103.5%. The postcode has had a total of 5 sales since 1995.
IG8 7LZ has seen no sales in the last three years and no sales in the last twelve months.
IG8 7LZ is the 30th largest and the 265th most expensive postcode out of the 716 postcodes in the IG8 area.
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The closest station to IG8 7LZ is Woodford station which is 400 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around IG8 7LZ, 40.2% of property is privately owned with a mortgage and 27.3% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around IG8 7LZ, 18.6% of residents are recorded as possessing school level qualifications and 49.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around IG8 7LZ, the average age was 38.8 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around IG8 7LZ, 2.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around IG8 7LZ, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.