Housing Market Analysis for GALES WAY, IG8 8NW

Are you looking to understand IG8 8NW 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 8NW area, explore the IG8 8NW Area information page.
For comprehensive crime statistics in the IG8 8NW area, explore the IG8 8NW Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the IG8 8NW postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £314,533 median price is £305,000 Standard Deviation is £170,291 with Total Sold: 15
    • The Last 5 Year average price is £590,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 2 GALES WAY: £615,000 (Sold on 28 Mar 2024)
    • The first recorded sale happened at this postcode is 7 GALES WAY: £101,500 (Sold on 27 Jan 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average IG8 8NW 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
2024£615,0001
2019£565,000 £5,183 1
2014£480,000 £4,087 2
2011£460,000 £3,482 1
2009£352,500 £2,616 2
2005£305,0001
2003£275,0001
2001£222,000 £1,681 1
1999£159,000 £1,529 1
1996£119,000 £889 2
1995£107,0002

All the Sales in the GALES WAY, IG8 8NW

See the table below for more details on the sold house prices in the IG8 8NW, Redbridge postcode.

AddressSold DatePrice% Change
2 GALES WAYSemi-Detached, Freehold28 Mar 2024£615,000First Sale
4 GALES WAYSemi-Detached, FreeholdArea: 109 Sq.mtrAge: 1930-194925 Oct 2019£565,000First Sale
8 GALES WAYSemi-Detached, Freehold26 Aug 2014£535,000First Sale
9 GALES WAYSemi-Detached, FreeholdArea: 104 Sq.mtrAge: 1930-194927 Jun 2014£425,000167.30%
26 Mar 1999£159,000First Sale
1 GALES WAYSemi-Detached, FreeholdArea: 132.1 Sq.mtrAge: 1930-194924 Jun 2011£460,000107.21%
25 Jun 2001£222,00093.04%
05 Dec 1996£115,000First Sale
6 GALES WAYSemi-Detached, FreeholdArea: 135.68 Sq.mtrAge: 1930-194909 Dec 2009£355,000188.62%
31 May 1996£123,000First Sale
5 GALES WAYSemi-Detached, Freehold27 Nov 2009£350,00014.75%
05 Aug 2005£305,000First Sale
10 GALES WAYSemi-Detached, Freehold30 Sep 2003£275,000First Sale
3 GALES WAYSemi-Detached, Freehold19 May 1995£112,500First Sale
7 GALES WAYSemi-Detached, Freehold27 Jan 1995£101,500First Sale

Check out the sold house prices near the IG8 8NW postcode. Properties currently for saleProperties currently for rent

GALES WAY, IG8 8NW Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the IG8 8NW 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 8NW postcode.

  • Terraced
    • The average price is around £265,766 median price is £240,000 Standard Deviation is £150,117 with Total Sold: 1,087
    • The Last 5 Year average price is £479,719 with Total Sold: 172
    • The most recent sale happened at this postcode is , 29 CANFIELD ROAD: £550,000 (Sold on 23 Aug 2024)
    • The first recorded sale happened at this postcode is , 646B CHIGWELL ROAD: £38,950 (Sold on 04 Jan 1995)
  • Flat
    • The average price is around £191,246 median price is £160,000 Standard Deviation is £164,631 with Total Sold: 468
    • The Last 5 Year average price is £329,342 with Total Sold: 55
    • The most recent sale happened at this postcode is , 8 ST JUDES COURT: £160,000 (Sold on 22 Aug 2024)
    • The first recorded sale happened at this postcode is , 9 WESTFIELD PARK DRIVE: £57,500 (Sold on 16 Feb 1995)
  • Semi-Detached
    • The average price is around £288,483 median price is £250,000 Standard Deviation is £161,511 with Total Sold: 348
    • The Last 5 Year average price is £536,304 with Total Sold: 51
    • The most recent sale happened at this postcode is , 22 CANFIELD ROAD: £560,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , 7 GALES WAY: £101,500 (Sold on 27 Jan 1995)
  • Detached
    • The average price is around £400,321 median price is £395,000 Standard Deviation is £192,112 with Total Sold: 96
    • The Last 5 Year average price is £637,727 with Total Sold: 11
    • The most recent sale happened at this postcode is , 38 GWYNNE PARK AVENUE: £725,000 (Sold on 22 Jan 2024)
    • The first recorded sale happened at this postcode is , 13 MORGAN WAY: £144,500 (Sold on 21 Jun 1995)
  • Other
    • The average price is around £466,054 median price is £240,000 Standard Deviation is £911,767 with Total Sold: 23
    • The Last 5 Year average price is £286,766 with Total Sold: 16
    • The most recent sale happened at this postcode is , 652A CHIGWELL ROAD: £425,000 (Sold on 12 Oct 2023)
    • The first recorded sale happened at this postcode is , 36 GAYNES HILL ROAD: £475,000 (Sold on 19 Jun 2015)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£497,050 £5,981 10
2023£490,361 £5,968 31
2022£497,106 £6,338 26
2021£492,913 £5,832 49
2020£469,745 £5,374 22
2019£439,059 £5,251 34
2018£445,278 £5,543 36
2017£446,669 £5,164 27
2016£441,392 £5,025 31
2015£380,034 £4,465 44
2014£332,756 £3,970 39
2013£277,520 £3,568 25
2012£259,314 £3,441 21
2011£247,654 £3,105 26
2010£265,778 £3,189 18
2009£242,715 £2,981 30
2008£257,645 £3,035 31
2007£279,580 £3,242 43
2006£243,990 £2,915 47
2005£253,062 £2,940 32
2004£222,038 £2,683 52
2003£230,235 £2,839 43
2002£175,396 £2,251 56
2001£149,903 £1,990 50
2000£136,249 £1,693 42
1999£111,727 £1,445 55
1998£97,867 £1,261 46
1997£82,721 £970 56
1996£74,133 £941 32
1995£69,823 £902 33
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£246,075 £3,611 4
2023£290,000 £6,481 3
2022£317,542 £5,371 12
2021£352,300 £4,952 15
2020£355,800 £5,406 10
2019£327,864 £4,980 11
2018£291,210 £5,755 10
2017£415,428 £5,154 14
2016£279,333 £4,583 18
2015£242,607 £4,052 14
2014£232,649 £4,080 20
2013£193,167 £3,255 9
2012£202,778 £3,459 9
2011£192,600 £3,250 10
2010£221,864 £3,005 11
2009£171,600 £2,433 5
2008£182,785 £3,491 13
2007£237,786 £3,523 14
2006£158,088 £3,032 17
2005£198,721 £3,526 29
2004£396,431 £2,785 19
2003£190,794 £2,785 28
2002£122,549 £2,203 32
2001£103,947 £1,775 19
2000£83,604 £1,392 24
1999£70,223 £1,373 29
1998£60,889 £1,063 18
1997£56,250 £1,002 16
1996£52,280 £886 15
1995£52,312 £991 20
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£602,083 £5,458 6
2023£501,208 £6,520 12
2022£559,000 £5,677 8
2021£531,567 £5,645 15
2020£522,500 £5,475 4
2019£531,500 £5,626 6
2018£468,062 £5,449 8
2017£499,333 £4,984 6
2016£464,500 £4,898 10
2015£375,999 £4,213 9
2014£404,067 £3,876 22
2013£315,231 £3,602 13
2012£295,625 £3,292 6
2011£341,500 £3,165 10
2010£300,300 £3,358 8
2009£301,721 £3,204 9
2008£243,783 £2,411 3
2007£290,665 £3,409 10
2006£275,125 £2,944 16
2005£231,562 £2,389 8
2004£252,478 £3,019 23
2003£209,931 £2,242 15
2002£190,559 £2,301 17
2001£173,333 £1,954 18
2000£177,464 £1,742 7
1999£124,814 £1,313 23
1998£116,211 £1,392 13
1997£105,964 £1,154 14
1996£94,863 £983 15
1995£88,482 £794 14
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£725,000 £6,144 1
2023£685,000 £5,319 3
2021£609,000 £6,095 5
2020£595,000 £5,321 2
2018£564,500 £5,054 4
2017£644,917 £4,402 6
2016£433,750 £6,431 2
2015£560,188 £4,151 10
2014£470,426 £3,843 7
2013£395,000 £4,202 1
2012£388,750 £3,831 2
2011£430,000 £3,739 1
2010£593,500 £4,359 1
2009£428,833 £2,698 3
2008£346,667 £2,988 3
2007£398,500 £5,129 3
2006£394,333 £3,297 6
2005£340,000 £2,557 1
2004£435,000 £2,810 2
2003£206,500 £1,966 5
2002£244,833 £2,801 6
2001£255,498 £2,264 3
2000£242,500 £2,482 2
1999£176,499 £1,164 4
1998£152,875 £2,016 4
1997£99,000 £1,018 2
1996£139,749 £1,142 4
1995£134,8333
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£222,500 £6,071 4
2022£30,0001
2021£580,0002
2020£1,200,000 £5,714 2
2019£15,464 £126 7
2017£208,5002
2016£1,309,750 £40,431 4
2015£475,000 £2,669 1

House Type in IG8 8NW area

The most common house types in the IG8 8NW postcode area are Semi-detached (62), Terraced (37), and Detached (12).

Total118
Semi-detached62
Terraced37
Detached12
Flat5
Shared house2
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (55), and Owned: Owns outright (47).

Owned: Owns with a mortgage or loan55
Owned: Owns outright47
Private rented: Private landlord or letting agency12
Private rented: Other private rented2
Shared ownership: Shared ownership1
Social rented: Rents from council or Local Authority1
Does not apply0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the IG8 8NW have 2 people in household (29), and 3 people in household (29).

2 people in household29
3 people in household29
4 people in household26
1 person in household16
5 people in household12
6 people in household4
7 people in household2
8 or more people in household1
0 people in household0