Housing Market Analysis for LOTUS CLOSE, IG7 4FF

Are you looking to understand IG7 4FF 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 IG7 4FF area, explore the IG7 4FF Area information page.
For comprehensive crime statistics in the IG7 4FF area, explore the IG7 4FF Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IG7 4FF postcode area, The average prices are as follows,

  • Flat
    • The average price is around £134,167 median price is £112,500 Standard Deviation is £32,425 with Total Sold: 3
    • The Last 5 Year average price is £111,250 with Total Sold: 2
    • The most recent sale happened at this postcode is 4, LOTUS HOUSE, 1 LOTUS CLOSE: £110,000 (Sold on 22 May 2023)
    • The first recorded sale happened at this postcode is 2, LOTUS HOUSE, 1 LOTUS CLOSE: £180,000 (Sold on 05 Apr 2018)
  • Terraced
    • The average price is around £267,125 median price is £267,125 Standard Deviation is £32,125 with Total Sold: 2
    • The most recent sale happened at this postcode is 22 LOTUS CLOSE: £235,000 (Sold on 13 Jul 2018)
    • The first recorded sale happened at this postcode is 8 LOTUS CLOSE: £299,250 (Sold on 25 Jun 2018)

Sold Price Trend Over the Years:

Below table and chart gives the average IG7 4FF 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£110,000 £2,558 1
2022£112,500 £2,500 1
2018£180,000 £2,903 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£267,125 £2,244 2

All the Sales in the LOTUS CLOSE, IG7 4FF

See the table below for more details on the sold house prices in the IG7 4FF, Redbridge postcode.

AddressSold DatePrice% Change
4, LOTUS HOUSE, 1 LOTUS CLOSEFlat, LeaseholdArea: 43 Sq.mtr22 May 2023£110,000First Sale
3, LOTUS HOUSE, 1 LOTUS CLOSEFlat, LeaseholdArea: 45 Sq.mtr06 Jul 2022£112,500First Sale
22 LOTUS CLOSETerraced, LeaseholdArea: 102 Sq.mtr13 Jul 2018£235,000First Sale
8 LOTUS CLOSETerraced, LeaseholdArea: 137 Sq.mtr25 Jun 2018£299,250First Sale
2, LOTUS HOUSE, 1 LOTUS CLOSEFlat, LeaseholdArea: 62 Sq.mtr05 Apr 2018£180,000First Sale

Check out the sold house prices near the IG7 4FF postcode. Properties currently for saleProperties currently for rent

LOTUS CLOSE, IG7 4FF Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG7 4FF 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 IG7 4FF postcode.

  • Terraced
    • The average price is around £479,873 median price is £500,000 Standard Deviation is £87,312 with Total Sold: 81
    • The Last 5 Year average price is £501,298 with Total Sold: 31
    • The most recent sale happened at this postcode is , 76 FIVE OAKS LANE: £575,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 5 KETTS PLACE: £525,000 (Sold on 31 Mar 2017)
  • Flat
    • The average price is around £293,520 median price is £315,000 Standard Deviation is £52,036 with Total Sold: 135
    • The Last 5 Year average price is £293,436 with Total Sold: 59
    • The most recent sale happened at this postcode is FLAT 8, LUPINE HOUSE, 10 PERIWINKLE GARDENS: £315,000 (Sold on 16 Aug 2024)
    • The first recorded sale happened at this postcode is 9, THISTLE HOUSE, 1 THISTLE CLOSE: £69,460 (Sold on 29 Sep 2016)
  • Semi-Detached
    • The average price is around £487,353 median price is £520,000 Standard Deviation is £121,971 with Total Sold: 34
    • The Last 5 Year average price is £507,667 with Total Sold: 15
    • The most recent sale happened at this postcode is , 61 FIVE OAKS LANE: £560,000 (Sold on 01 Mar 2024)
    • The first recorded sale happened at this postcode is , FOREST VIEW FIVE OAKS LANE: £70,000 (Sold on 28 Feb 1997)
  • Detached
    • The average price is around £683,823 median price is £730,000 Standard Deviation is £149,887 with Total Sold: 89
    • The Last 5 Year average price is £742,576 with Total Sold: 33
    • The most recent sale happened at this postcode is , 5 OLIVE GROVE: £950,000 (Sold on 06 Oct 2023)
    • The first recorded sale happened at this postcode is , MERRIVALE FIVE OAKS LANE: £200,000 (Sold on 11 Dec 1996)
  • Other
    • The average price is around £188,333 median price is £71,050 Standard Deviation is £252,360 with Total Sold: 6
    • The Last 5 Year average price is £417,250 with Total Sold: 2
    • The most recent sale happened at this postcode is FLAT 1, HAMLET HOUSE, 80 FIVE OAKS LANE: £84,500 (Sold on 28 Sep 2021)
    • The first recorded sale happened at this postcode is 16, BLACKTHORN HOUSE, 1 BLACKTHORN AVENUE: £124,800 (Sold on 28 Sep 2018)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£513,333 £6,667 3
2023£434,167 £6,578 3
2022£417,667 £5,941 3
2021£513,333 £5,775 12
2020£528,475 £5,167 10
2019£483,659 £4,851 11
2018£475,740 £5,139 26
2017£433,846 £5,236 13
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£291,6673
2023£265,167 £4,903 9
2022£270,773 £5,059 11
2021£314,595 £5,329 21
2020£297,750 £5,585 15
2019£301,562 £5,743 32
2018£302,941 £5,426 17
2017£286,268 £4,997 26
2016£69,460 £1,177 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£560,000 £5,490 1
2021£455,000 £6,195 8
2020£569,167 £4,631 6
2019£590,000 £4,574 1
2018£524,375 £5,013 8
2017£501,429 £4,830 7
2005£520,0001
1997£70,000 £953 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£845,000 £4,353 2
2022£843,333 £4,542 3
2021£715,500 £5,024 10
2020£729,444 £4,365 18
2019£721,316 £4,525 19
2018£724,688 £4,948 16
2017£679,999 £4,961 9
2007£457,5002
2006£386,0002
2005£537,000 £6,393 1
2003£489,167 £4,167 3
2002£347,9173
1996£200,0001
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£84,500 £1,965 1
2020£750,000 £4,412 1
2019£56,550 £1,273 2
2018£91,200 £1,545 2

House Type in IG7 4FF area

The most common house types in the IG7 4FF postcode area are Flat (54), Terraced (31), and Semi-detached (4).

Total91
Flat54
Terraced31
Semi-detached4
Detached1
temporary structure1
Shared house0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Shared ownership: Shared ownership (69), and Owned: Owns with a mortgage or loan (17).

Shared ownership: Shared ownership69
Owned: Owns with a mortgage or loan17
Private rented: Private landlord or letting agency3
Social rented: Other social rented2
Does not apply0
Owned: Owns outright0
Social rented: Rents from council or Local Authority0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the IG7 4FF have 1 person in household (35), and 2 people in household (20).

1 person in household35
2 people in household20
3 people in household16
4 people in household14
5 people in household4
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0