Wallwood Road is named after an old house.
The area between Preston Road, Colworth Road and the A12 was part of the manor of Ruckholt which was once owned by Stratford Langthorne Abbey.
Historian Frederick Temple believed that Walwood House included the land northeast of Colworth Road as far as the boundary fences of the gardens to properties in Whipps Cross Road. He places Walwood House itself on what became Chadwick Road and Whipps Cross Road.
Walwood House, with just over five acres of land, was sold in 1894 to Thomas Ashbridge Smith, a businessman from Whitechapel, for £4000.
The solicitors employed in this transaction and many other were Fladgate & Company and Maple, Teesdale and Company. These three provided the names of three new roads.
Smith appointed a syndicate who were instrumental in laying out the roads, the general development and sales.
Joseph Holland, a Leytonstone builder, was responsible for the erection of practically the whole of the Walwood Park Estate. A condition of the sale of plots to Holland was that the prime cost of houses erected by him was to be not less than for £400 for detached, £325 semi-detached and £300 for terrace houses.
During the early years of the twentieth century, the Walwood Park Estate was completed except for the House with its attached grounds. About 1905 this was demolished. Later this was cleared and houses were erected in Chadwick Road and Whipps Cross Road.