Housing Market Analysis for MONARCH WAY, IG2 7NY

Are you looking to understand IG2 7NY 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 IG2 7NY area, explore the IG2 7NY Area information page.
For comprehensive crime statistics in the IG2 7NY area, explore the IG2 7NY Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IG2 7NY postcode area, The average prices are as follows,

Terraced
- The average price is around £411,700 median price is £355,000 Standard Deviation is £105,855 with Total Sold: 15
- The Last 5 Year average price is £612,000 with Total Sold: 3
- The most recent sale happened at this postcode is 8 MONARCH WAY: £635,000 (Sold on 31 Jan 2023)
- The first recorded sale happened at this postcode is 16 MONARCH WAY: £339,999 (Sold on 22 Jun 2004)
Flat
- The average price is around £201,980 median price is £195,000 Standard Deviation is £40,324 with Total Sold: 25
- The Last 5 Year average price is £244,000 with Total Sold: 2
- The most recent sale happened at this postcode is 12 MONARCH WAY: £245,000 (Sold on 11 Jun 2022)
- The first recorded sale happened at this postcode is 12 MONARCH WAY: £155,000 (Sold on 14 Apr 2004)
Semi-Detached
- The average price is around £339,999 median price is £339,999 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 13 MONARCH WAY: £339,999 (Sold on 22 Jun 2004)
- The first recorded sale happened at this postcode is 13 MONARCH WAY: £339,999 (Sold on 22 Jun 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average IG2 7NY 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£635,000	£3,342	1
2020	£600,000	£3,315	1
2019	£601,000	£3,577	1
2015	£482,000	£3,856	1
2006	£352,500	£2,366	1
2004	£350,500	£2,326	10

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£245,000	£5,568	1
2019	£243,000	£5,523	1
2018	£265,000	£5,472	1
2014	£195,000	£3,980	1
2007	£214,750	£4,413	2
2006	£157,000	£3,568	1
2004	£195,278	£3,601	18

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2004	£339,999		1

All the Sales in the MONARCH WAY, IG2 7NY

See the table below for more details on the sold house prices in the IG2 7NY, Redbridge postcode.

Address	Sold Date	Price	% Change
8 MONARCH WAYTerraced, FreeholdArea: 190 Sq.mtrAge: 2003-2006	31 Jan 2023	£635,000	89.55%
	01 Dec 2004	£335,000	First Sale
12 MONARCH WAYFlat, LeaseholdArea: 44 Sq.mtrAge: 1996-2002	11 Jun 2022	£245,000	0.82%
	25 Jan 2019	£243,000	54.78%
	30 Jun 2006	£157,000	1.29%
	14 Apr 2004	£155,000	First Sale
5 MONARCH WAYTerraced, FreeholdArea: 181 Sq.mtrAge: 2003-2006	26 Aug 2020	£600,000	64.38%
	30 Sep 2004	£365,000	First Sale
6 MONARCH WAYTerraced, FreeholdArea: 168 Sq.mtrAge: 2003-2006	10 Dec 2019	£601,000	66.94%
	06 Aug 2004	£360,000	First Sale
21 MONARCH WAYFlat, LeaseholdArea: 48.43 Sq.mtrAge: 2003-2006	09 Feb 2018	£265,000	6.21%
	16 Mar 2007	£249,500	10.89%
	15 Oct 2004	£225,000	15.38%
	30 Jul 2004	£195,000	First Sale
7 MONARCH WAYTerraced, FreeholdArea: 125 Sq.mtrAge: 1991-1995	30 Jun 2015	£482,000	33.89%
	29 Oct 2004	£360,000	First Sale
10 MONARCH WAYFlat, LeaseholdArea: 49 Sq.mtrAge: 2003-2006	18 Jul 2014	£195,000	8.33%
	04 May 2007	£180,000	16.13%
	14 Apr 2004	£155,000	First Sale
1 MONARCH WAYTerraced, FreeholdArea: 149 Sq.mtrAge: 2003-2006	20 Apr 2006	£352,500	-0.70%
	22 Jul 2004	£355,000	First Sale
4 MONARCH WAYTerraced, Freehold	30 Jul 2004	£355,000	First Sale
3 MONARCH WAYTerraced, Freehold	28 Jul 2004	£350,000	First Sale
14 MONARCH WAYTerraced, FreeholdArea: 132 Sq.mtrAge: 1996-2002	27 Jul 2004	£334,999	First Sale
2 MONARCH WAYTerraced, Freehold	30 Jun 2004	£350,000	First Sale
15 MONARCH WAYFlat, FreeholdArea: 130 Sq.mtrAge: 2003-2006	22 Jun 2004	£334,999	First Sale
13 MONARCH WAYSemi-Detached, Freehold	22 Jun 2004	£339,999	First Sale
16 MONARCH WAYTerraced, FreeholdArea: 133 Sq.mtrAge: 2003-2006	22 Jun 2004	£339,999	First Sale
28 MONARCH WAYFlat, LeaseholdArea: 64 Sq.mtrAge: 1976-1982	11 Jun 2004	£200,000	First Sale
22 MONARCH WAYFlat, LeaseholdArea: 60 Sq.mtrAge: 2003-2006	04 Jun 2004	£195,000	First Sale
27 MONARCH WAYFlat, LeaseholdArea: 48 Sq.mtrAge: 1996-2002	02 Jun 2004	£190,000	First Sale
17 MONARCH WAYFlat, LeaseholdArea: 60 Sq.mtrAge: 2003-2006	01 Jun 2004	£195,000	First Sale
18 MONARCH WAYFlat, LeaseholdArea: 48 Sq.mtrAge: 2003-2006	01 Jun 2004	£180,000	First Sale
25 MONARCH WAYFlat, LeaseholdArea: 63 Sq.mtrAge: 2003-2006	28 May 2004	£205,000	First Sale
19 MONARCH WAYFlat, LeaseholdArea: 53 Sq.mtrAge: 1950-1966	28 May 2004	£190,000	First Sale
23 MONARCH WAYFlat, LeaseholdArea: 59 Sq.mtrAge: 2003-2006	28 May 2004	£200,000	First Sale
26 MONARCH WAYFlat, LeaseholdArea: 62 Sq.mtrAge: 2003-2006	28 May 2004	£205,000	First Sale
24 MONARCH WAYFlat, LeaseholdArea: 48 Sq.mtrAge: 2003-2006	28 May 2004	£190,000	First Sale
20 MONARCH WAYFlat, LeaseholdArea: 46 Sq.mtrAge: 1991-1995	28 May 2004	£190,000	First Sale
11 MONARCH WAYFlat, Leasehold	26 Apr 2004	£150,000	First Sale
9 MONARCH WAYFlat, LeaseholdArea: 37 Sq.mtrAge: 1983-1990	15 Apr 2004	£160,000	First Sale

Check out the sold house prices near the IG2 7NY postcode. Properties currently for saleProperties currently for rent

MONARCH WAY, IG2 7NY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG2 7NY 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 IG2 7NY postcode.

Semi-Detached
- The average price is around £259,921 median price is £250,000 Standard Deviation is £142,067 with Total Sold: 399
- The Last 5 Year average price is £487,245 with Total Sold: 40
- The most recent sale happened at this postcode is , 54 STAINFORTH ROAD: £570,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 55 NETLEY ROAD: £76,000 (Sold on 24 Jan 1995)
Terraced
- The average price is around £235,299 median price is £225,000 Standard Deviation is £139,365 with Total Sold: 1,943
- The Last 5 Year average price is £487,615 with Total Sold: 206
- The most recent sale happened at this postcode is , 29 CLIFTON ROAD: £540,000 (Sold on 04 Sep 2024)
- The first recorded sale happened at this postcode is , 98 LYNN ROAD: £58,500 (Sold on 10 Jan 1995)
Flat
- The average price is around £159,910 median price is £160,000 Standard Deviation is £78,974 with Total Sold: 1,442
- The Last 5 Year average price is £237,708 with Total Sold: 137
- The most recent sale happened at this postcode is , 2 ABBEY ROAD: £290,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 756A EASTERN AVENUE: £31,000 (Sold on 06 Jan 1995)
Detached
- The average price is around £315,843 median price is £293,500 Standard Deviation is £156,296 with Total Sold: 46
- The Last 5 Year average price is £545,876 with Total Sold: 7
- The most recent sale happened at this postcode is , 33A BUNTINGBRIDGE ROAD: £587,000 (Sold on 26 Mar 2024)
- The first recorded sale happened at this postcode is , 48 HERTFORD ROAD: £72,750 (Sold on 28 Apr 1995)
Other
- The average price is around £807,929 median price is £335,000 Standard Deviation is £1,205,789 with Total Sold: 60
- The Last 5 Year average price is £736,715 with Total Sold: 32
- The most recent sale happened at this postcode is FLAT 39, PARKVIEW COURT, 54 BRANCASTER ROAD: £29,325 (Sold on 03 Nov 2023)
- The first recorded sale happened at this postcode is , 6 - 10 TRING CLOSE: £350,000 (Sold on 29 Jul 2014)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£570,000		1
2023	£512,174	£4,129	4
2022	£547,500	£4,531	6
2021	£535,389	£4,447	9
2020	£434,950	£4,653	8
2019	£440,667	£5,138	12
2018	£489,375	£5,340	4
2017	£457,451	£4,295	13
2016	£467,318	£4,256	11
2015	£373,929	£3,664	14
2014	£350,154	£3,495	13
2013	£313,857	£3,417	7
2012	£302,333	£2,777	9
2011	£285,700	£2,795	15
2010	£281,863	£2,923	11
2009	£268,143	£2,765	7
2008	£342,000	£2,235	11
2007	£298,326	£3,568	23
2006	£257,576	£2,275	20
2005	£248,909	£2,576	11
2004	£260,440	£2,256	21
2003	£226,018	£2,620	28
2002	£191,888	£1,869	18
2001	£178,250	£1,394	14
2000	£140,128	£1,025	19
1999	£106,522	£925	23
1998	£106,994	£964	20
1997	£93,815	£807	13
1996	£70,889	£768	18
1995	£74,844	£783	16

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£493,700		15
2023	£511,058	£5,343	26
2022	£501,715	£5,312	44
2021	£491,335	£5,088	57
2020	£460,438	£4,374	29
2019	£466,328	£4,678	35
2018	£460,710	£4,609	49
2017	£430,500	£4,810	29
2016	£415,400	£4,506	35
2015	£362,798	£4,054	52
2014	£342,078	£3,723	51
2013	£272,262	£3,042	42
2012	£262,610	£3,009	41
2011	£251,958	£2,983	37
2010	£257,388	£2,750	49
2009	£233,080	£2,533	40
2008	£272,820	£3,200	48
2007	£275,876	£2,995	96
2006	£240,614	£2,976	100
2005	£237,855	£2,564	83
2004	£239,735	£2,457	133
2003	£211,228	£2,445	93
2002	£181,417	£1,901	93
2001	£144,588	£1,720	106
2000	£125,563	£1,344	88
1999	£103,508	£1,049	122
1998	£89,739	£962	84
1997	£78,261	£873	101
1996	£68,170	£740	97
1995	£66,558	£668	68

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£186,000	£4,019	9
2023	£230,088	£4,367	28
2022	£250,542	£4,730	26
2021	£248,586	£4,394	29
2020	£249,000	£4,577	18
2019	£231,278	£4,223	27
2018	£240,380	£4,675	30
2017	£249,034	£4,407	38
2016	£243,450	£4,576	59
2015	£218,769	£3,507	52
2014	£188,977	£3,598	44
2013	£154,693	£2,763	37
2012	£132,666	£2,589	12
2011	£149,929	£2,989	21
2010	£156,904	£3,005	26
2009	£133,125	£2,766	20
2008	£185,321	£3,152	39
2007	£171,368	£3,182	72
2006	£165,628	£3,227	68
2005	£199,070	£3,603	105
2004	£191,947	£3,628	224
2003	£140,729	£2,638	63
2002	£103,207	£2,045	71
2001	£82,553	£1,597	70
2000	£65,664	£1,345	57
1999	£60,566	£1,041	43
1998	£52,091	£1,072	43
1997	£45,506	£966	40
1996	£41,666	£845	34
1995	£42,290	£862	37

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£587,000		1
2023	£640,000	£6,095	1
2021	£515,667	£4,443	3
2020	£523,566	£4,677	2
2016	£326,000	£4,453	2
2015	£390,250	£3,720	4
2014	£317,500	£3,320	4
2013	£430,000	£3,144	2
2012	£222,000	£3,524	1
2011	£390,000	£3,242	1
2010	£292,500	£2,828	2
2008	£340,000		1
2007	£320,000		1
2006	£445,500	£3,432	2
2005	£220,000	£2,588	1
2004	£376,667	£2,781	3
2003	£270,000		1
2002	£222,750	£2,137	4
2001	£130,948	£1,325	2
1999	£131,667	£1,364	3
1998	£101,000	£1,423	1
1997	£91,665	£1,274	3
1995	£72,750	£846	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£344,253	£2,132	8
2022	£392,500	£18,750	4
2021	£266,667	£3,251	6
2020	£1,800,269	£4,200	5
2019	£961,058	£2,683	9
2018	£305,600	£1,377	10
2017	£1,557,350	£5,061	10
2016	£790,271	£3,992	5
2015	£1,500,000		1
2014	£410,000		2

House Type in IG2 7NY area

The most common house types in the IG2 7NY postcode area are Flat (57), Terraced (40), and Semi-detached (18).

Total	133
Flat	57
Terraced	40
Semi-detached	18
Detached	8
Shared house	6
converted building	3
commercial building	1
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (77), and Owned: Owns with a mortgage or loan (21).

Private rented: Private landlord or letting agency	77
Owned: Owns with a mortgage or loan	21
Social rented: Other social rented	17
Owned: Owns outright	8
Social rented: Rents from council or Local Authority	5
Private rented: Other private rented	3
Lives rent free	2
Does not apply	0
Shared ownership: Shared ownership	0

Number of People in a Household

The most houses in the IG2 7NY have 3 people in household (33), and 2 people in household (30).

3 people in household	33
2 people in household	30
4 people in household	27
1 person in household	20
5 people in household	16
6 people in household	6
7 people in household	1
0 people in household	0
8 or more people in household	0