Housing Market Analysis for PROSPECT ROAD, IG8 7NG

Are you looking to understand IG8 7NG 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 IG8 7NG area, explore the IG8 7NG Area information page.
For comprehensive crime statistics in the IG8 7NG area, explore the IG8 7NG Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IG8 7NG postcode area, The average prices are as follows,

Flat
- The average price is around £149,000 median price is £154,000 Standard Deviation is £59,621 with Total Sold: 6
- The Last 5 Year average price is £170,000 with Total Sold: 1
- The most recent sale happened at this postcode is 198A PROSPECT ROAD: £170,000 (Sold on 24 Feb 2022)
- The first recorded sale happened at this postcode is 198A PROSPECT ROAD: £54,000 (Sold on 09 Apr 1997)
Semi-Detached
- The average price is around £324,890 median price is £302,500 Standard Deviation is £156,579 with Total Sold: 22
- The Last 5 Year average price is £560,167 with Total Sold: 3
- The most recent sale happened at this postcode is 202A PROSPECT ROAD: £580,500 (Sold on 17 Jan 2019)
- The first recorded sale happened at this postcode is 239 PROSPECT ROAD: £525,000 (Sold on 05 Dec 2023)
Terraced
- The average price is around £209,250 median price is £205,000 Standard Deviation is £78,832 with Total Sold: 6
- The most recent sale happened at this postcode is 231 PROSPECT ROAD: £345,000 (Sold on 05 Oct 2007)
- The first recorded sale happened at this postcode is 200 PROSPECT ROAD: £77,500 (Sold on 01 Aug 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IG8 7NG 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£170,000	£3,786	1
2008	£165,000	£3,249	1
2007	£250,000	£5,682	1
2004	£143,000	£2,816	1
2002	£112,000	£2,205	1
1997	£54,000	£1,227	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£580,500	£5,183	1
2018	£500,000	£7,678	2
2016	£455,500	£5,993	1
2015	£395,100	£4,818	1
2013	£335,000	£4,374	4
2012	£385,000	£5,960	1
2010	£250,000	£3,870	1
2007	£299,995	£4,000	1
2006	£305,000	£3,720	1
2005	£263,000	£3,507	1
2003	£215,000		1
2000	£160,000	£2,030	1
1999	£110,000	£1,668	1
1998	£104,248	£1,259	2
1996	£80,000	£1,053	1
2024	£575,000		1
2023	£525,000	£6,908	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2007	£345,000	£4,259	1
2005	£200,000	£2,800	1
2004	£238,000	£2,938	1
2003	£210,000		1
2002	£185,000	£2,202	1
1996	£77,500		1

All the Sales in the PROSPECT ROAD, IG8 7NG

See the table below for more details on the sold house prices in the IG8 7NG, Redbridge postcode.

Address	Sold Date	Price	% Change
198A PROSPECT ROADFlat, LeaseholdArea: 44.9 Sq.mtrAge: 1900-1929	24 Feb 2022	£170,000	-32.00%
	07 Dec 2007	£250,000	362.96%
	09 Apr 1997	£54,000	First Sale
202A PROSPECT ROADSemi-Detached, FreeholdArea: 112 Sq.mtrAge: 1950-1966	17 Jan 2019	£580,500	First Sale
245 PROSPECT ROADSemi-Detached, FreeholdArea: 64.6 Sq.mtrAge: 1930-1949	14 Sep 2018	£605,000	57.14%
	18 May 2012	£385,000	54.00%
	02 Aug 2010	£250,000	First Sale
243 PROSPECT ROADSemi-Detached, FreeholdArea: 65.93 Sq.mtrAge: 1930-1949	24 Jan 2018	£395,000	259.09%
	13 Sep 1999	£110,000	First Sale
239 PROSPECT ROADSemi-Detached, FreeholdArea: 76 Sq.mtrAge: 1950-1966	09 Dec 2016	£455,500	362.44%
	22 Oct 1998	£98,500	23.12%
	25 Oct 1996	£80,000	-84.76%
	05 Dec 2023	£525,000	First Sale
241 PROSPECT ROADSemi-Detached, FreeholdArea: 82 Sq.mtrAge: 1930-1949	02 Oct 2015	£395,100	29.54%
	18 Dec 2006	£305,000	First Sale
247 PROSPECT ROADSemi-Detached, FreeholdArea: 67.17 Sq.mtrAge: 1930-1949	26 Jul 2013	£395,000	First Sale
231 PROSPECT ROADSemi-Detached, FreeholdArea: 81 Sq.mtrAge: before 1900	26 Jul 2013	£365,000	5.80%
	05 Oct 2007	£345,000	44.96%
	06 Aug 2004	£238,000	First Sale
206 PROSPECT ROADSemi-Detached, FreeholdArea: 90 Sq.mtrAge: 1950-1966	09 Jul 2013	£280,000	154.56%
	05 Jun 1998	£109,995	-80.87%
	19 Aug 2024	£575,000	First Sale
208 PROSPECT ROADSemi-Detached, FreeholdArea: 75 Sq.mtrAge: 1930-1949	28 Mar 2013	£300,000	0.00%
	02 Aug 2007	£299,995	First Sale
198 PROSPECT ROADFlat, LeaseholdArea: 50.79 Sq.mtrAge: 1930-1949	09 May 2008	£165,000	15.38%
	18 Jun 2004	£143,000	27.68%
	18 Jan 2002	£112,000	First Sale
204 PROSPECT ROADSemi-Detached, FreeholdArea: 75 Sq.mtrAge: 1930-1949	21 Dec 2005	£263,000	64.38%
	10 Oct 2000	£160,000	First Sale
239A PROSPECT ROADTerraced, FreeholdArea: 71.44 Sq.mtrAge: 1950-1966	25 Jan 2005	£200,000	First Sale
200 PROSPECT ROADTerraced, Freehold	14 Oct 2003	£210,000	170.97%
200 PROSPECT ROADTerraced, Freehold	01 Aug 1996	£77,500	First Sale
210 PROSPECT ROADSemi-Detached, Freehold	11 Sep 2003	£215,000	First Sale
235 PROSPECT ROADTerraced, FreeholdArea: 84 Sq.mtrAge: 1967-1975	01 Nov 2002	£185,000	First Sale

Check out the sold house prices near the IG8 7NG postcode. Properties currently for saleProperties currently for rent

PROSPECT ROAD, IG8 7NG Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG8 7NG 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 IG8 7NG postcode.

Terraced
- The average price is around £292,629 median price is £250,000 Standard Deviation is £173,486 with Total Sold: 1,272
- The Last 5 Year average price is £561,449 with Total Sold: 194
- The most recent sale happened at this postcode is , 105 PROSPECT ROAD: £625,000 (Sold on 09 Sep 2024)
- The first recorded sale happened at this postcode is , 186 WEST GROVE: £70,350 (Sold on 16 Jan 1995)
Semi-Detached
- The average price is around £430,697 median price is £365,000 Standard Deviation is £274,798 with Total Sold: 829
- The Last 5 Year average price is £739,804 with Total Sold: 134
- The most recent sale happened at this postcode is , 17 HILLSIDE AVENUE: £760,000 (Sold on 09 Sep 2024)
- The first recorded sale happened at this postcode is , 7 MALVERN DRIVE: £260,000 (Sold on 04 Jan 1995)
Flat
- The average price is around £174,408 median price is £162,250 Standard Deviation is £104,101 with Total Sold: 378
- The Last 5 Year average price is £286,643 with Total Sold: 58
- The most recent sale happened at this postcode is 5, RODING HEIGHTS, 5 STATION WAY: £410,000 (Sold on 15 Aug 2024)
- The first recorded sale happened at this postcode is , 62 PROSPECT ROAD: £46,500 (Sold on 20 Jan 1995)
Detached
- The average price is around £679,419 median price is £635,000 Standard Deviation is £414,908 with Total Sold: 211
- The Last 5 Year average price is £1,204,947 with Total Sold: 38
- The most recent sale happened at this postcode is , 25 MALVERN DRIVE: £1,100,000 (Sold on 29 Jul 2024)
- The first recorded sale happened at this postcode is , 10 FARM WAY: £132,000 (Sold on 28 Apr 1995)
Other
- The average price is around £381,633 median price is £320,000 Standard Deviation is £330,194 with Total Sold: 15
- The Last 5 Year average price is £398,708 with Total Sold: 12
- The most recent sale happened at this postcode is , 44A STATION WAY: £211,000 (Sold on 02 Apr 2024)
- The first recorded sale happened at this postcode is , 98 SNAKES LANE EAST: £200,000 (Sold on 30 Sep 2013)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£608,588	£6,393	20
2023	£597,475	£6,369	20
2022	£579,030	£6,376	40
2021	£547,031	£6,241	48
2020	£553,613	£5,545	31
2019	£520,544	£5,389	35
2018	£528,946	£6,080	23
2017	£521,185	£5,448	38
2016	£494,632	£5,750	27
2015	£440,073	£4,951	41
2014	£374,451	£4,316	37
2013	£345,828	£3,829	32
2012	£321,170	£3,454	30
2011	£301,517	£3,345	26
2010	£299,872	£3,465	41
2009	£270,200	£2,851	20
2008	£301,454	£3,137	33
2007	£303,412	£3,473	51
2006	£253,616	£2,957	63
2005	£251,806	£2,804	49
2004	£242,516	£2,679	60
2003	£232,504	£2,576	58
2002	£199,033	£2,108	65
2001	£173,510	£1,861	70
2000	£149,952	£1,601	55
1999	£118,606	£1,230	62
1998	£101,234	£1,114	40
1997	£89,481	£1,017	55
1996	£86,430	£850	61
1995	£76,541	£828	41

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£603,571	£7,227	7
2023	£831,899	£6,914	18
2022	£676,188	£6,901	16
2021	£774,306	£6,673	36
2020	£749,391	£6,446	23
2019	£706,015	£5,881	34
2018	£701,310	£6,588	21
2017	£769,620	£6,110	25
2016	£645,436	£5,521	23
2015	£595,728	£5,311	38
2014	£485,030	£4,632	25
2013	£485,868	£4,221	38
2012	£475,728	£4,096	27
2011	£442,875	£3,847	24
2010	£536,471	£3,951	17
2009	£493,200	£3,493	15
2008	£382,083	£3,564	12
2007	£437,543	£3,417	23
2006	£425,933	£3,178	33
2005	£343,222	£2,896	27
2004	£345,890	£2,839	31
2003	£324,685	£2,674	35
2002	£306,216	£2,293	39
2001	£257,114	£1,950	35
2000	£225,651	£1,947	29
1999	£198,447	£1,488	44
1998	£164,219	£1,237	33
1997	£149,343	£1,063	39
1996	£133,436	£1,061	39
1995	£137,424	£843	23

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£308,750		4
2023	£273,286	£4,552	7
2022	£274,588	£4,661	17
2021	£336,750	£5,464	8
2020	£292,778	£4,894	9
2019	£267,715	£4,754	13
2018	£310,625	£5,605	4
2017	£402,611	£5,760	18
2016	£292,460	£5,364	10
2015	£237,167	£3,674	6
2014	£220,429	£3,770	15
2013	£170,250	£3,113	7
2012	£180,286	£3,212	7
2011	£190,067	£3,372	8
2010	£191,650	£3,113	10
2009	£181,350	£3,107	10
2008	£188,500	£3,427	14
2007	£180,232	£3,081	14
2006	£164,970	£2,807	17
2005	£147,472	£2,759	18
2004	£155,105	£2,549	19
2003	£139,630	£2,378	23
2002	£112,583	£1,948	18
2001	£92,392	£1,493	14
2000	£80,081	£1,401	14
1999	£69,369	£1,211	20
1998	£57,708	£1,094	16
1997	£55,324	£932	17
1996	£43,275	£756	12
1995	£51,312	£911	9

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£1,237,000	£9,634	5
2023	£1,671,667	£7,176	3
2022	£1,533,750	£8,746	4
2021	£1,092,000	£8,816	9
2020	£1,014,444	£6,704	9
2019	£1,186,875	£6,361	8
2018	£1,045,000	£7,611	4
2017	£1,125,000	£7,083	7
2016	£1,187,500	£7,258	2
2015	£820,689	£6,628	7
2014	£867,514	£5,128	8
2013	£777,500	£4,895	7
2012	£538,857	£4,285	7
2011	£777,916	£4,876	6
2010	£844,937	£6,098	8
2009	£612,500	£4,373	4
2008	£731,125	£3,941	2
2007	£615,587	£4,685	9
2006	£614,166	£4,437	12
2005	£545,250	£3,439	10
2004	£546,230	£2,746	10
2003	£484,114	£2,311	11
2002	£437,571	£3,061	7
2001	£377,688	£2,371	8
2000	£299,124	£1,981	8
1999	£259,841	£1,473	11
1998	£255,400	£1,924	5
1997	£197,286	£1,287	7
1996	£281,800	£1,402	5
1995	£168,444	£1,181	8

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£211,000		1
2023	£440,000	£7,458	1
2022	£557,500		2
2021	£545,500	£7,215	2
2020	£650,000		1
2019	£255,500		5
2018	£370,000	£8,000	2
2013	£200,000		1

House Type in IG8 7NG area

The most common house types in the IG8 7NG postcode area are Semi-detached (68), Flat (29), and Terraced (20).

Total	124
Semi-detached	68
Flat	29
Terraced	20
Shared house	5
Detached	1
converted building	1
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (45), and Owned: Owns outright (44).

Owned: Owns with a mortgage or loan	45
Owned: Owns outright	44
Private rented: Private landlord or letting agency	27
Social rented: Rents from council or Local Authority	3
Social rented: Other social rented	3
Private rented: Other private rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the IG8 7NG have 1 person in household (41), and 2 people in household (36).

1 person in household	41
2 people in household	36
3 people in household	22
4 people in household	22
6 people in household	3
5 people in household	2
7 people in household	1
0 people in household	0
8 or more people in household	0