Housing Market Analysis for SPENCER CLOSE, IG8 7QW

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

Overview of Sold House prices

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

  • Semi-Detached
    • The average price is around £311,164 median price is £315,000 Standard Deviation is £112,608 with Total Sold: 15
    • The Last 5 Year average price is £493,333 with Total Sold: 3
    • The most recent sale happened at this postcode is 2 SPENCER CLOSE: £400,000 (Sold on 15 Feb 2021)
    • The first recorded sale happened at this postcode is 12 SPENCER CLOSE: £126,000 (Sold on 17 Mar 1997)
  • Terraced
    • The average price is around £230,000 median price is £230,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 3 SPENCER CLOSE: £230,000 (Sold on 16 Apr 2010)
    • The first recorded sale happened at this postcode is 3 SPENCER CLOSE: £230,000 (Sold on 16 Apr 2010)

Sold Price Trend Over the Years:

Below table and chart gives the average IG8 7QW 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: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£400,000 £5,405 1
2020£540,000 £6,008 2
2014£328,000 £4,493 1
2013£287,480 £4,462 2
2011£336,250 £4,719 2
2010£315,000 £4,041 1
2008£290,000 £2,685 1
2007£240,000 £2,905 1
2005£222,000 £3,555 1
2003£220,0001
2002£199,000 £3,222 1
1997£126,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2010£230,000 £2,950 1

All the Sales in the SPENCER CLOSE, IG8 7QW

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

AddressSold DatePrice% Change
2 SPENCER CLOSESemi-Detached, FreeholdArea: 74 Sq.mtrAge: 1950-196615 Feb 2021£400,000First Sale
7 SPENCER CLOSESemi-Detached, FreeholdArea: 75 Sq.mtrAge: 1930-194919 Oct 2020£495,000First Sale
10 SPENCER CLOSESemi-Detached, FreeholdArea: 108 Sq.mtrAge: 1930-194915 May 2020£585,000101.72%
28 Mar 2008£290,000First Sale
6 SPENCER CLOSESemi-Detached, FreeholdArea: 73 Sq.mtrAge: 1930-194922 Jan 2014£328,000First Sale
1 SPENCER CLOSESemi-Detached, FreeholdArea: 67 Sq.mtrAge: 1930-194930 May 2013£259,960First Sale
9 SPENCER CLOSESemi-Detached, FreeholdArea: 62.44 Sq.mtrAge: 1930-194919 Apr 2013£315,00041.89%
14 Jun 2005£222,000First Sale
11 SPENCER CLOSESemi-Detached, FreeholdArea: 61.76 Sq.mtrAge: 1930-194928 Oct 2011£317,50059.55%
15 Aug 2002£199,000First Sale
8 SPENCER CLOSESemi-Detached, FreeholdArea: 82.62 Sq.mtrAge: 1930-194902 Aug 2011£355,00047.92%
08 Jan 2007£240,000First Sale
3 SPENCER CLOSESemi-Detached, FreeholdArea: 77.96 Sq.mtrAge: 1930-194923 Aug 2010£315,00036.96%
16 Apr 2010£230,000First Sale
5 SPENCER CLOSESemi-Detached, Freehold07 Jan 2003£220,000First Sale
12 SPENCER CLOSESemi-Detached, Freehold17 Mar 1997£126,000First Sale

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

SPENCER CLOSE, IG8 7QW Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £293,569 median price is £250,000 Standard Deviation is £177,572 with Total Sold: 1,257
    • The Last 5 Year average price is £567,124 with Total Sold: 196
    • 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 £419,913 median price is £350,000 Standard Deviation is £286,968 with Total Sold: 941
    • The Last 5 Year average price is £736,735 with Total Sold: 141
    • 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)
  • Detached
    • The average price is around £726,953 median price is £650,000 Standard Deviation is £499,175 with Total Sold: 252
    • The Last 5 Year average price is £1,257,155 with Total Sold: 37
    • 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 TUDOR CLOSE: £182,000 (Sold on 06 Jan 1995)
  • Flat
    • The average price is around £176,673 median price is £168,000 Standard Deviation is £93,835 with Total Sold: 403
    • The Last 5 Year average price is £289,970 with Total Sold: 57
    • The most recent sale happened at this postcode is 32, THE RODINGS SNAKES LANE: £388,000 (Sold on 26 Jul 2024)
    • The first recorded sale happened at this postcode is , 62 PROSPECT ROAD: £46,500 (Sold on 20 Jan 1995)
  • Other
    • The average price is around £579,071 median price is £375,000 Standard Deviation is £770,253 with Total Sold: 29
    • The Last 5 Year average price is £713,618 with Total Sold: 16
    • The most recent sale happened at this postcode is , NORTH THAMES GAS HOLDER STATION SNAKES LANE EAST: £3,960,000 (Sold on 18 Dec 2023)
    • 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£618,167 £6,482 18
2023£600,357 £6,338 21
2022£584,639 £6,456 41
2021£560,417 £6,169 48
2020£558,937 £5,504 31
2019£519,583 £5,524 37
2018£525,856 £5,988 26
2017£519,449 £5,455 38
2016£503,894 £5,761 23
2015£425,581 £4,928 43
2014£388,474 £4,446 39
2013£340,650 £3,804 30
2012£317,689 £3,490 27
2011£300,415 £3,377 30
2010£309,406 £3,500 40
2009£274,395 £2,716 24
2008£297,449 £3,005 30
2007£296,036 £3,337 48
2006£254,192 £2,858 56
2005£248,230 £2,739 49
2004£239,500 £2,677 55
2003£227,013 £2,547 57
2002£202,030 £2,111 61
2001£170,618 £1,815 61
2000£151,033 £1,594 59
1999£119,579 £1,271 62
1998£99,496 £1,105 42
1997£89,490 £1,008 66
1996£87,635 £878 59
1995£74,478 £802 36
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£823,333 £7,486 9
2023£842,288 £6,798 18
2022£692,350 £6,885 20
2021£760,971 £6,544 35
2020£731,158 £6,703 19
2019£673,388 £5,752 40
2018£661,023 £6,115 30
2017£797,250 £6,141 25
2016£624,886 £5,362 22
2015£623,355 £5,200 37
2014£518,621 £4,638 31
2013£468,702 £4,054 46
2012£433,436 £3,805 35
2011£449,600 £3,788 25
2010£547,333 £3,863 21
2009£418,711 £3,272 19
2008£367,232 £3,605 17
2007£446,551 £3,230 28
2006£387,102 £3,053 34
2005£342,967 £2,777 40
2004£341,574 £2,737 35
2003£310,405 £2,539 34
2002£309,621 £2,270 53
2001£235,398 £1,975 44
2000£228,911 £1,936 35
1999£175,835 £1,206 43
1998£165,166 £1,192 39
1997£140,423 £1,047 44
1996£135,097 £1,065 36
1995£119,583 £834 27
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£1,132,5002
2023£2,371,667 £9,046 3
2022£1,226,714 £7,029 7
2021£1,158,700 £8,610 10
2020£1,118,650 £6,828 10
2019£1,154,850 £6,895 5
2018£1,500,714 £6,287 7
2017£1,097,778 £6,105 9
2016£1,005,625 £7,070 8
2015£1,057,602 £6,062 13
2014£824,102 £4,940 9
2013£667,000 £5,250 5
2012£606,167 £4,011 6
2011£1,019,773 £5,058 11
2010£1,012,750 £4,568 8
2009£746,250 £3,354 4
2008£583,500 £3,941 3
2007£707,481 £3,612 11
2006£741,666 £3,888 12
2005£588,500 £2,499 7
2004£662,125 £2,912 6
2003£474,500 £2,347 12
2002£516,545 £2,203 11
2001£406,708 £2,206 12
2000£283,250 £1,757 8
1999£298,428 £1,335 14
1998£265,667 £1,575 3
1997£219,889 £891 9
1996£256,500 £1,067 12
1995£181,703 £1,230 15
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£369,8005
2023£257,167 £4,366 6
2022£283,375 £4,480 16
2021£311,125 £5,109 8
2020£292,125 £5,151 8
2019£269,736 £4,971 14
2018£300,000 £5,690 3
2017£287,071 £4,767 14
2016£288,750 £5,218 12
2015£306,533 £5,140 15
2014£215,207 £3,519 19
2013£194,571 £3,161 14
2012£194,154 £3,182 13
2011£187,100 £3,411 5
2010£195,045 £2,858 11
2009£206,923 £2,656 13
2008£179,555 £3,076 9
2007£190,417 £3,107 15
2006£168,895 £2,803 19
2005£153,676 £2,625 17
2004£167,908 £2,310 20
2003£142,717 £2,318 30
2002£116,970 £1,965 16
2001£96,192 £1,437 13
2000£87,821 £1,289 14
1999£70,294 £1,159 20
1998£60,145 £1,160 16
1997£55,992 £865 19
1996£42,391 £740 11
1995£49,738 £821 8
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£2,200,000 £7,458 2
2022£180,0001
2021£545,500 £7,215 2
2020£382,600 £4,675 5
2019£638,980 £5,788 6
2018£510,000 £8,000 4
2017£21,333 £147 3
2016£898,0912
2015£420,000 £8,621 2
2013£317,5002

House Type in IG8 7QW area

The most common house types in the IG8 7QW postcode area are Semi-detached (98), Detached (5), and Terraced (5).

Total117
Semi-detached98
Detached5
Terraced5
Flat5
Shared house4
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (56), and Owned: Owns with a mortgage or loan (39).

Owned: Owns outright56
Owned: Owns with a mortgage or loan39
Private rented: Private landlord or letting agency14
Private rented: Other private rented8
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the IG8 7QW have 2 people in household (43), and 1 person in household (28).

2 people in household43
1 person in household28
4 people in household20
3 people in household18
5 people in household9
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0