Housing Market Analysis for MEDWAY CLOSE, IG1 2PW

Are you looking to understand IG1 2PW 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 2PW area, explore the IG1 2PW Area information page.
For comprehensive crime statistics in the IG1 2PW area, explore the IG1 2PW Crime Rates page.

Overview of Sold House prices

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

  • Flat
    • The average price is around £148,119 median price is £148,000 Standard Deviation is £62,461 with Total Sold: 21
    • The Last 5 Year average price is £260,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 41 MEDWAY CLOSE: £220,000 (Sold on 01 Mar 2023)
    • The first recorded sale happened at this postcode is 41 MEDWAY CLOSE: £39,000 (Sold on 08 May 1997)
  • Terraced
    • The average price is around £136,667 median price is £160,000 Standard Deviation is £51,694 with Total Sold: 3
    • The most recent sale happened at this postcode is 44 MEDWAY CLOSE: £185,000 (Sold on 01 Apr 2008)
    • The first recorded sale happened at this postcode is 59 MEDWAY CLOSE: £65,000 (Sold on 03 May 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IG1 2PW 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
2023£220,000 £2,933 1
2022£300,000 £4,762 1
2017£240,000 £3,038 1
2015£220,000 £2,683 1
2014£145,000 £2,417 1
2010£159,333 £2,033 3
2009£148,0001
2007£172,000 £2,205 1
2006£161,500 £1,912 2
2005£143,750 £1,843 2
2004£135,000 £1,646 1
2003£110,000 £1,196 1
2002£110,000 £1,341 1
2001£80,000 £976 1
1999£51,500 £751 2
1997£39,000 £520 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2008£185,000 £2,256 1
2004£160,000 £1,951 1
1996£65,0001

All the Sales in the MEDWAY CLOSE, IG1 2PW

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

AddressSold DatePrice% Change
41 MEDWAY CLOSEFlat, LeaseholdArea: 75 Sq.mtrAge: 1967-197501 Mar 2023£220,00048.65%
21 Aug 2006£148,00034.55%
19 Dec 2003£110,000182.05%
08 May 1997£39,000First Sale
35 MEDWAY CLOSEFlat, LeaseholdArea: 63 Sq.mtrAge: 1967-197523 Sep 2022£300,000First Sale
26 MEDWAY CLOSEFlat, LeaseholdArea: 79 Sq.mtrAge: 1967-197510 Feb 2017£240,00037.14%
28 Feb 2006£175,00019.45%
19 Aug 2005£146,500First Sale
39 MEDWAY CLOSEFlat, LeaseholdArea: 82 Sq.mtrAge: 1967-197529 Jan 2015£220,000First Sale
46 MEDWAY CLOSEFlat, LeaseholdArea: 60 Sq.mtrAge: 1950-196606 Jun 2014£145,00031.82%
08 Oct 2002£110,000100.00%
08 Oct 1999£55,000First Sale
32 MEDWAY CLOSEFlat, LeaseholdArea: 76.3 Sq.mtrAge: 1967-197506 Aug 2010£160,000First Sale
28 MEDWAY CLOSEFlat, LeaseholdArea: 77 Sq.mtrAge: 1967-197511 Mar 2010£155,0009.93%
16 Sep 2005£141,000First Sale
50 MEDWAY CLOSEFlat, LeaseholdArea: 82 Sq.mtrAge: 1967-197519 Feb 2010£163,000First Sale
29 MEDWAY CLOSEFlat, Leasehold08 Sep 2009£148,000First Sale
44 MEDWAY CLOSETerraced, LeaseholdArea: 82 Sq.mtrAge: 1967-197501 Apr 2008£185,00015.62%
27 Aug 2004£160,000First Sale
40 MEDWAY CLOSEFlat, LeaseholdArea: 78 Sq.mtrAge: 1967-197501 Jun 2007£172,000First Sale
38 MEDWAY CLOSEFlat, LeaseholdArea: 82 Sq.mtrAge: 1950-196609 Jan 2004£135,00068.75%
30 May 2001£80,00066.67%
23 Mar 1999£48,000First Sale
59 MEDWAY CLOSETerraced, Freehold03 May 1996£65,000First Sale

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

MEDWAY CLOSE, IG1 2PW Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG1 2PW 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 2PW postcode.

  • Terraced
    • The average price is around £196,653 median price is £192,500 Standard Deviation is £113,445 with Total Sold: 2,771
    • The Last 5 Year average price is £389,703 with Total Sold: 272
    • 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)
  • Flat
    • The average price is around £148,854 median price is £158,000 Standard Deviation is £69,071 with Total Sold: 872
    • The Last 5 Year average price is £232,253 with Total Sold: 92
    • The most recent sale happened at this postcode is , 78A FANSHAWE AVENUE: £150,000 (Sold on 19 Aug 2024)
    • The first recorded sale happened at this postcode is , 83B GLENNY ROAD: £23,000 (Sold on 24 Jan 1995)
  • Detached
    • The average price is around £347,875 median price is £330,000 Standard Deviation is £126,700 with Total Sold: 8
    • The Last 5 Year average price is £425,000 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 , 1 FAIRFIELD ROAD: £178,000 (Sold on 29 Nov 2002)
  • Semi-Detached
    • The average price is around £210,390 median price is £195,000 Standard Deviation is £134,031 with Total Sold: 74
    • The Last 5 Year average price is £444,056 with Total Sold: 9
    • The most recent sale happened at this postcode is , 72C VICTORIA ROAD: £548,000 (Sold on 29 Feb 2024)
    • The first recorded sale happened at this postcode is , 2 LOXFORD LANE: £68,000 (Sold on 30 Mar 1995)
  • Other
    • The average price is around £694,398 median price is £245,000 Standard Deviation is £1,384,163 with Total Sold: 19
    • The Last 5 Year average price is £270,650 with Total Sold: 12
    • The most recent sale happened at this postcode is , 30 BLACKTHORN ROAD: £19,000 (Sold on 02 Aug 2023)
    • The first recorded sale happened at this postcode is , 55 PITTMAN GARDENS: £100,000 (Sold on 15 Nov 2012)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£410,816 £5,292 19
2023£387,409 £4,806 50
2022£434,125 £4,874 40
2021£407,028 £4,628 72
2020£356,308 £4,138 48
2019£349,988 £4,346 43
2018£368,674 £4,158 55
2017£359,657 £4,090 51
2016£342,167 £3,872 70
2015£302,733 £3,314 78
2014£266,584 £3,058 88
2013£236,560 £2,749 59
2012£228,964 £2,543 28
2011£227,237 £2,465 51
2010£222,358 £2,531 58
2009£200,590 £2,186 32
2008£228,198 £2,458 73
2007£239,486 £2,720 154
2006£215,795 £2,586 161
2005£220,897 £2,411 120
2004£208,705 £2,498 172
2003£184,413 £2,071 158
2002£149,702 £1,802 144
2001£117,074 £1,345 156
2000£100,698 £1,222 128
1999£82,093 £936 161
1998£72,631 £817 161
1997£65,087 £771 148
1996£57,037 £704 109
1995£56,142 £618 84
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£209,083 £4,579 6
2023£267,727 £5,807 11
2022£255,045 £4,651 22
2021£204,024 £3,926 21
2020£205,625 £4,004 12
2019£240,240 £3,961 20
2018£220,525 £4,475 20
2017£217,890 £4,182 22
2016£210,324 £3,930 34
2015£170,484 £3,325 32
2014£173,938 £2,904 24
2013£142,917 £2,771 12
2012£133,428 £2,359 7
2011£132,188 £2,160 8
2010£113,312 £2,058 16
2009£113,591 £2,144 11
2008£162,930 £3,116 33
2007£169,822 £3,123 92
2006£149,591 £2,662 49
2005£161,887 £2,719 54
2004£168,973 £2,892 133
2003£126,388 £2,360 50
2002£80,490 £1,852 26
2001£66,725 £1,294 34
2000£53,096 £1,089 24
1999£48,146 £927 31
1998£44,045 £881 22
1997£40,359 £701 27
1996£33,917 £763 9
1995£32,222 £663 10
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£350,0001
2021£500,0001
2018£560,000 £2,205 1
2009£415,0001
2007£272,500 £2,628 2
2006£235,000 £3,026 1
2002£178,000 £1,281 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£548,0001
2023£683,000 £5,135 1
2022£275,000 £6,548 1
2020£423,833 £3,983 3
2019£406,333 £4,015 3
2018£330,000 £4,333 2
2017£400,000 £3,279 1
2016£370,0001
2015£330,000 £3,252 2
2012£228,000 £2,299 1
2009£334,000 £2,178 1
2008£370,000 £1,745 1
2007£250,332 £2,786 3
2006£211,000 £2,356 3
2005£230,824 £2,601 6
2004£237,983 £2,047 6
2003£177,258 £2,160 6
2002£171,000 £1,317 4
2001£121,000 £1,066 6
2000£155,000 £964 3
1999£91,438 £1,062 8
1998£83,500 £988 2
1997£54,998 £599 2
1996£59,400 £488 5
1995£54,750 £519 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£254,500 £354 2
2022£300,000 £6,250 1
2021£372,000 £6,129 4
2020£245,0001
2019£176,450 £1,634 4
2018£2,302,880 £4,335 2
2017£2,567,500 £795 2
2016£30,0001
2015£75,0001
2012£100,000 £2,392 1

House Type in IG1 2PW area

The most common house types in the IG1 2PW postcode area are Flat (103), Terraced (7), and Semi-detached (6).

Total117
Flat103
Terraced7
Semi-detached6
Shared house1
Detached0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Rents from council or Local Authority (47), and Social rented: Other social rented (27).

Social rented: Rents from council or Local Authority47
Social rented: Other social rented27
Private rented: Private landlord or letting agency18
Owned: Owns with a mortgage or loan12
Owned: Owns outright9
Private rented: Other private rented2
Lives rent free2
Shared ownership: Shared ownership1
Does not apply0

Number of People in a Household

The most houses in the IG1 2PW have 1 person in household (29), and 5 people in household (23).

1 person in household29
5 people in household23
2 people in household22
3 people in household17
4 people in household17
6 people in household5
8 or more people in household2
0 people in household0
7 people in household0