Housing Market Analysis for WESSEX CLOSE, IG3 8JT

Are you looking to understand IG3 8JT 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 IG3 8JT area, explore the IG3 8JT Area information page.
For comprehensive crime statistics in the IG3 8JT area, explore the IG3 8JT Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IG3 8JT postcode area, The average prices are as follows,

Terraced
- The average price is around £206,800 median price is £200,000 Standard Deviation is £105,596 with Total Sold: 15
- The Last 5 Year average price is £401,500 with Total Sold: 2
- The most recent sale happened at this postcode is 2 WESSEX CLOSE: £450,000 (Sold on 14 Dec 2022)
- The first recorded sale happened at this postcode is 20 WESSEX CLOSE: £63,500 (Sold on 22 Mar 1996)
Other
- The average price is around £1,100,000 median price is £1,100,000 Standard Deviation is £725,000 with Total Sold: 2
- The most recent sale happened at this postcode is 23 WESSEX CLOSE: £375,000 (Sold on 31 Aug 2018)
- The first recorded sale happened at this postcode is 23 WESSEX CLOSE: £1,825,000 (Sold on 12 Feb 2016)

Sold Price Trend Over the Years:

Below table and chart gives the average IG3 8JT 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
2022	£450,000	£5,696	1
2021	£353,000	£4,057	1
2016	£341,000	£4,316	1
2012	£235,000	£2,689	1
2008	£197,500	£2,408	2
2007	£222,000	£3,763	1
2005	£206,333	£2,461	3
2004	£172,000	£1,977	1
1999	£83,833	£978	3
1996	£63,500	£730	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2018	£375,000		1
2016	£1,825,000		1

All the Sales in the WESSEX CLOSE, IG3 8JT

See the table below for more details on the sold house prices in the IG3 8JT, Redbridge postcode.

Address	Sold Date	Price	% Change
2 WESSEX CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	14 Dec 2022	£450,000	31.96%
	05 Oct 2016	£341,000	74.87%
	28 May 2008	£195,000	0.52%
	14 Nov 2005	£194,000	First Sale
20 WESSEX CLOSETerraced, FreeholdArea: 87 Sq.mtrAge: 1967-1975	30 Sep 2021	£353,000	72.20%
	10 Sep 2005	£205,000	19.19%
	29 Nov 2004	£172,000	170.87%
	22 Mar 1996	£63,500	First Sale
23 WESSEX CLOSEOther, Freehold	31 Aug 2018	£375,000	-79.45%
23 WESSEX CLOSEOther, Freehold	12 Feb 2016	£1,825,000	First Sale
4 WESSEX CLOSETerraced, FreeholdArea: 87.4 Sq.mtrAge: 1967-1975	24 Aug 2012	£235,000	First Sale
8 WESSEX CLOSETerraced, FreeholdArea: 85.18 Sq.mtrAge: 1967-1975	26 Sep 2008	£200,000	First Sale
14 WESSEX CLOSETerraced, FreeholdArea: 59 Sq.mtrAge: 1967-1975	04 Dec 2007	£222,000	First Sale
7 WESSEX CLOSETerraced, FreeholdArea: 85.6 Sq.mtrAge: 1950-1966	11 May 2005	£220,000	First Sale
21 WESSEX CLOSETerraced, FreeholdArea: 80 Sq.mtrAge: 1950-1966	24 Nov 1999	£84,000	First Sale
17 WESSEX CLOSETerraced, Freehold	26 Jul 1999	£89,500	First Sale
9 WESSEX CLOSETerraced, FreeholdArea: 86 Sq.mtrAge: 1967-1975	07 Apr 1999	£78,000	First Sale

Check out the sold house prices near the IG3 8JT postcode. Properties currently for saleProperties currently for rent

WESSEX CLOSE, IG3 8JT Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG3 8JT 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 IG3 8JT postcode.

Semi-Detached
- The average price is around £254,734 median price is £240,000 Standard Deviation is £149,672 with Total Sold: 529
- The Last 5 Year average price is £505,862 with Total Sold: 64
- The most recent sale happened at this postcode is , 30 MERTON ROAD: £500,000 (Sold on 17 Sep 2024)
- The first recorded sale happened at this postcode is , 12 BRENDON GARDENS: £80,000 (Sold on 20 Jan 1995)
Terraced
- The average price is around £247,485 median price is £232,000 Standard Deviation is £150,958 with Total Sold: 1,314
- The Last 5 Year average price is £500,920 with Total Sold: 161
- The most recent sale happened at this postcode is , 68 HERTFORD ROAD: £600,000 (Sold on 31 Jul 2024)
- The first recorded sale happened at this postcode is , 16 LEYSWOOD DRIVE: £77,000 (Sold on 03 Jan 1995)
Flat
- The average price is around £159,213 median price is £165,475 Standard Deviation is £83,963 with Total Sold: 710
- The Last 5 Year average price is £227,676 with Total Sold: 60
- The most recent sale happened at this postcode is FLAT 113, MEMORIAL HEIGHTS MONARCH WAY: £187,500 (Sold on 17 Jan 2024)
- The first recorded sale happened at this postcode is FLAT 43, PARKVIEW COURT, 54 BRANCASTER ROAD: £51,000 (Sold on 09 Feb 1995)
Other
- The average price is around £598,857 median price is £350,000 Standard Deviation is £792,584 with Total Sold: 36
- The Last 5 Year average price is £488,602 with Total Sold: 23
- The most recent sale happened at this postcode is , 94 ELGIN ROAD: £123,000 (Sold on 11 Jan 2024)
- The first recorded sale happened at this postcode is , 910 EASTERN AVENUE: £1,500,000 (Sold on 16 Feb 2015)
Detached
- The average price is around £296,190 median price is £277,225 Standard Deviation is £178,406 with Total Sold: 30
- The Last 5 Year average price is £640,000 with Total Sold: 1
- The most recent sale happened at this postcode is , 65 BRANCASTER ROAD: £640,000 (Sold on 26 Jun 2023)
- The first recorded sale happened at this postcode is , 48 HERTFORD ROAD: £72,750 (Sold on 28 Apr 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£565,750	£5,027	6
2023	£586,537	£5,424	12
2022	£558,889	£5,076	9
2021	£497,350	£4,413	10
2020	£444,460	£4,621	10
2019	£440,832	£4,670	17
2018	£457,625	£4,585	4
2017	£471,520	£4,274	18
2016	£438,333	£4,155	9
2015	£397,667	£3,497	12
2014	£334,550	£3,562	17
2013	£286,176	£3,297	17
2012	£286,938	£2,923	8
2011	£285,805	£2,540	18
2010	£277,056	£2,516	9
2009	£278,364	£2,707	11
2008	£342,875	£2,115	8
2007	£309,709	£2,945	31
2006	£259,904	£2,219	26
2005	£240,050	£2,518	20
2004	£235,733	£2,239	28
2003	£212,854	£2,009	24
2002	£189,043	£1,883	23
2001	£156,375	£1,373	28
2000	£134,345	£1,223	33
1999	£110,000	£944	37
1998	£102,406	£984	17
1997	£91,004	£785	19
1996	£72,090	£708	28
1995	£73,335	£613	20

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£495,875	£3,093	8
2023	£572,870	£5,058	23
2022	£536,028	£5,212	36
2021	£495,510	£4,698	39
2020	£459,491	£4,577	32
2019	£442,587	£4,563	23
2018	£436,983	£4,146	39
2017	£426,870	£4,485	23
2016	£383,923	£4,045	26
2015	£393,294	£3,825	33
2014	£350,529	£3,481	34
2013	£290,526	£2,979	19
2012	£278,334	£2,886	33
2011	£263,125	£2,855	28
2010	£270,671	£3,043	35
2009	£239,321	£2,585	24
2008	£267,882	£3,032	37
2007	£289,887	£3,088	71
2006	£247,562	£2,827	62
2005	£235,236	£2,383	65
2004	£231,006	£2,502	73
2003	£216,973	£2,412	61
2002	£180,075	£1,947	69
2001	£149,304	£1,501	60
2000	£131,535	£1,281	58
1999	£101,233	£988	86
1998	£86,526	£922	55
1997	£80,347	£809	64
1996	£66,506	£674	50
1995	£69,630	£624	48

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£156,333	£4,167	3
2023	£238,530	£3,236	16
2022	£218,015	£3,464	7
2021	£256,417	£3,884	6
2020	£248,429	£5,080	7
2019	£217,690	£3,854	21
2018	£236,227	£4,437	11
2017	£237,990	£3,965	20
2016	£238,638	£4,535	16
2015	£192,280	£3,415	25
2014	£189,465	£3,665	29
2013	£161,500	£2,602	20
2012	£146,875	£2,575	8
2011	£128,389	£2,596	9
2010	£146,077	£2,950	13
2009	£172,555	£2,575	9
2008	£177,023	£3,064	23
2007	£180,220	£3,175	41
2006	£156,055	£2,974	21
2005	£208,454	£3,484	41
2004	£203,710	£3,825	155
2003	£126,272	£2,342	22
2002	£95,625	£1,906	24
2001	£74,683	£1,442	30
2000	£69,364	£1,283	21
1999	£64,871	£1,099	16
1998	£47,926	£960	29
1997	£45,458	£898	26
1996	£41,042	£867	19
1995	£39,602	£881	22

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£123,000		1
2023	£402,728	£3,844	8
2022	£420,000		1
2021	£290,000	£2,101	1
2020	£230,833	£4,441	3
2019	£721,169	£4,365	9
2018	£338,750	£1,553	4
2017	£1,032,000	£8,266	5
2016	£768,667	£1,887	3
2015	£1,500,000		1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£640,000	£6,095	1
2018	£438,750	£5,168	2
2017	£540,000		1
2016	£660,000	£5,841	1
2015	£345,000	£3,954	2
2014	£487,500	£3,221	2
2013	£472,500	£2,436	2
2010	£239,725	£3,033	2
2008	£340,000		1
2005	£230,000		1
2004	£285,000	£1,993	1
2003	£266,667	£862	3
2002	£221,000	£1,794	2
2001	£162,500	£1,664	2
1999	£125,000		1
1997	£116,750	£1,274	2
1996	£79,995	£934	1
1995	£72,748	£846	3

House Type in IG3 8JT area

The most common house types in the IG3 8JT postcode area are Flat (57), Terraced (50), and Semi-detached (14).

Total	127
Flat	57
Terraced	50
Semi-detached	14
Detached	4
Shared house	1
commercial building	1
converted building	0
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 (39), and Owned: Owns with a mortgage or loan (30).

Private rented: Private landlord or letting agency	39
Owned: Owns with a mortgage or loan	30
Social rented: Rents from council or Local Authority	30
Owned: Owns outright	22
Social rented: Other social rented	6
Private rented: Other private rented	2
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the IG3 8JT have 3 people in household (30), and 4 people in household (25).

3 people in household	30
4 people in household	25
5 people in household	25
2 people in household	21
1 person in household	11
6 people in household	8
7 people in household	4
8 or more people in household	3
0 people in household	0