Housing Market Analysis for MADRAS ROAD, IG1 2EZ

Are you looking to understand IG1 2EZ house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Redbridge postcode.

For the location information and nearby amenities in the IG1 2EZ area, explore the IG1 2EZ Area information page.
For comprehensive crime statistics in the IG1 2EZ area, explore the IG1 2EZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IG1 2EZ postcode area, The average prices are as follows,

  • Flat
    • The average price is around £140,750 median price is £142,500 Standard Deviation is £56,493 with Total Sold: 8
    • The Last 5 Year average price is £193,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 7, MADRAS HOUSE MADRAS ROAD: £196,000 (Sold on 30 Sep 2021)
    • The first recorded sale happened at this postcode is 1, MADRAS HOUSE MADRAS ROAD: £25,000 (Sold on 09 Apr 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IG1 2EZ house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£193,000 £5,018 2
2017£205,000 £5,125 1
2016£160,000 £4,000 1
2014£125,000 £3,125 1
2010£125,000 £3,049 1
2007£100,000 £2,500 1
1996£25,000 £610 1

All the Sales in the MADRAS ROAD, IG1 2EZ

See the table below for more details on the sold house prices in the IG1 2EZ, Redbridge postcode.

AddressSold DatePrice% Change
7, MADRAS HOUSE MADRAS ROADFlat, LeaseholdArea: 40 Sq.mtrAge: 1967-197530 Sep 2021£196,000-4.39%
28 Apr 2017£205,00028.12%
30 Mar 2016£160,00028.00%
05 Jun 2014£125,00025.00%
07 Dec 2007£100,000First Sale
12, MADRAS HOUSE MADRAS ROADFlat, LeaseholdArea: 37 Sq.mtrAge: 1950-196629 Jun 2021£190,000First Sale
14, MADRAS HOUSE MADRAS ROADFlat, LeaseholdArea: 41 Sq.mtrAge: 1996-200217 Mar 2010£125,000First Sale
1, MADRAS HOUSE MADRAS ROADFlat, LeaseholdArea: 41 Sq.mtrAge: 1950-196609 Apr 1996£25,000First Sale

Check out the sold house prices near the IG1 2EZ postcode. Properties currently for saleProperties currently for rent

MADRAS ROAD, IG1 2EZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG1 2EZ postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the IG1 2EZ postcode.

  • Flat
    • The average price is around £107,999 median price is £76,000 Standard Deviation is £152,734 with Total Sold: 841
    • The Last 5 Year average price is £271,248 with Total Sold: 67
    • The most recent sale happened at this postcode is FLAT 2, 4 HAMILTON ROAD: £215,000 (Sold on 19 Sep 2024)
    • The first recorded sale happened at this postcode is , 113A RICHMOND ROAD: £36,500 (Sold on 14 Mar 1995)
  • Terraced
    • The average price is around £194,499 median price is £185,000 Standard Deviation is £119,725 with Total Sold: 3,238
    • The Last 5 Year average price is £402,277 with Total Sold: 330
    • The most recent sale happened at this postcode is , 66 WINGATE ROAD: £430,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 8 WINGATE ROAD: £58,700 (Sold on 05 Jan 1995)
  • Detached
    • The average price is around £347,250 median price is £302,500 Standard Deviation is £201,210 with Total Sold: 10
    • The Last 5 Year average price is £388,750 with Total Sold: 2
    • The most recent sale happened at this postcode is , 1A VINE GARDENS: £350,000 (Sold on 29 May 2024)
    • The first recorded sale happened at this postcode is , 57A GROSVENOR ROAD: £135,000 (Sold on 28 Nov 1997)
  • Semi-Detached
    • The average price is around £198,191 median price is £182,500 Standard Deviation is £112,350 with Total Sold: 52
    • The Last 5 Year average price is £399,417 with Total Sold: 6
    • The most recent sale happened at this postcode is , 18 ALBERT ROAD: £537,500 (Sold on 23 Apr 2024)
    • The first recorded sale happened at this postcode is , 11 RUTLAND ROAD: £63,000 (Sold on 27 Jan 1995)
  • Other
    • The average price is around £692,405 median price is £140,000 Standard Deviation is £1,550,212 with Total Sold: 41
    • The Last 5 Year average price is £722,583 with Total Sold: 27
    • The most recent sale happened at this postcode is , 57 WOODLANDS ROAD: £37,236 (Sold on 14 Dec 2023)
    • The first recorded sale happened at this postcode is GROUND FLOOR SHOP, 198 ILFORD LANE: £5,000 (Sold on 01 Nov 2013)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£240,2867
2023£567,250 £16,465 10
2022£222,045 £3,995 11
2021£187,762 £4,110 21
2020£200,871 £3,740 7
2019£275,227 £4,304 11
2018£178,769 £4,391 13
2017£214,455 £4,367 11
2016£169,626 £3,579 16
2015£154,173 £3,301 26
2014£144,283 £2,773 30
2013£120,929 £2,821 7
2012£113,850 £2,297 10
2011£114,714 £2,056 7
2010£111,929 £2,398 7
2009£142,286 £2,343 7
2008£180,737 £3,787 25
2007£159,988 £2,933 26
2006£153,016 £2,701 32
2005£159,317 £3,387 33
2004£129,431 £2,417 32
2003£108,238 £2,097 39
2002£94,841 £2,121 43
2001£71,436 £1,460 48
2000£60,551 £1,277 38
1999£55,822 £1,057 51
1998£47,872 £910 32
1997£40,156 £809 35
1996£39,703 £800 26
1995£47,400 £1,029 180
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£377,438 £3,271 24
2023£423,468 £4,516 57
2022£430,652 £4,822 56
2021£410,679 £4,476 94
2020£366,295 £4,097 50
2019£377,959 £4,344 49
2018£377,008 £4,055 49
2017£357,911 £3,799 60
2016£343,486 £3,767 74
2015£297,622 £3,237 106
2014£278,991 £3,035 77
2013£236,436 £2,709 62
2012£224,277 £2,480 56
2011£237,165 £2,447 58
2010£216,979 £2,577 59
2009£220,402 £2,290 49
2008£247,151 £2,498 69
2007£254,526 £2,856 146
2006£222,112 £2,573 160
2005£217,260 £2,419 121
2004£207,876 £2,417 160
2003£188,112 £2,236 178
2002£150,342 £1,709 190
2001£123,287 £1,414 200
2000£105,666 £1,253 164
1999£85,188 £886 199
1998£75,055 £863 184
1997£67,817 £785 184
1996£58,310 £698 189
1995£56,712 £634 114
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£350,0001
2022£427,500 £7,858 1
2018£750,000 £18,293 1
2013£330,000 £2,643 1
2007£442,500 £9,440 2
2006£235,000 £3,026 1
2001£275,0001
1999£85,000 £1,323 1
1997£135,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£537,5001
2023£402,500 £5,067 2
2019£351,333 £3,717 3
2018£345,000 £3,450 1
2017£470,000 £4,801 1
2015£316,500 £3,233 1
2011£160,000 £1,383 1
2010£195,000 £1,910 2
2008£212,500 £2,713 1
2007£250,000 £3,948 2
2006£256,665 £2,755 3
2005£220,000 £2,809 1
2004£226,665 £2,231 3
2003£214,200 £2,585 5
2002£155,000 £1,824 1
2001£128,812 £1,178 8
2000£129,333 £1,295 3
1999£104,488 £1,011 4
1998£77,999 £836 5
1997£132,5002
1996£65,0001
1995£63,000 £414 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£326,373 £5,474 6
2022£1,485,949 £20,030 10
2021£300,167 £9,437 6
2020£176,0002
2019£179,6673
2018£183,000 £4,335 2
2017£113,333 £2,456 3
2016£1,590,574 £3,837 5
2015£62,5002
2014£90,000 £2,143 1
2013£5,0001

House Type in IG1 2EZ area

The most common house types in the IG1 2EZ postcode area are Flat (48), Terraced (38), and commercial building (17).

Total128
Flat48
Terraced38
commercial building17
Shared house13
Semi-detached8
Detached3
converted building1
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (64), and Owned: Owns with a mortgage or loan (21).

Private rented: Private landlord or letting agency64
Owned: Owns with a mortgage or loan21
Owned: Owns outright17
Social rented: Rents from council or Local Authority15
Private rented: Other private rented4
Shared ownership: Shared ownership1
Social rented: Other social rented1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the IG1 2EZ have 4 people in household (30), and 1 person in household (25).

4 people in household30
1 person in household25
2 people in household25
3 people in household19
5 people in household13
6 people in household5
7 people in household5
8 or more people in household2
0 people in household0