Housing Market Analysis for SUMMIT DRIVE, IG8 8QW

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £370,919 median price is £388,000 Standard Deviation is £176,394 with Total Sold: 31
- The Last 5 Year average price is £616,667 with Total Sold: 6
- The most recent sale happened at this postcode is 51 SUMMIT DRIVE: £725,000 (Sold on 27 Jan 2023)
- The first recorded sale happened at this postcode is 19 SUMMIT DRIVE: £95,000 (Sold on 09 Feb 1996)
Terraced
- The average price is around £354,143 median price is £310,000 Standard Deviation is £160,984 with Total Sold: 7
- The Last 5 Year average price is £572,500 with Total Sold: 2
- The most recent sale happened at this postcode is 49 SUMMIT DRIVE: £610,000 (Sold on 13 Dec 2021)
- The first recorded sale happened at this postcode is 47 SUMMIT DRIVE: £84,000 (Sold on 19 Jul 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average IG8 8QW 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£725,000	£5,451	1
2022	£660,000	£5,238	1
2021	£568,333	£5,646	3
2020	£610,000	£4,552	1
2017	£650,000	£5,200	1
2015	£434,000	£3,807	1
2014	£420,000	£3,959	2
2013	£389,167	£3,575	3
2011	£365,000	£4,148	1
2010	£387,500	£3,079	2
2008	£420,000	£3,333	1
2007	£415,000	£3,097	1
2006	£305,250	£2,861	4
2003	£334,000		2
2000	£149,500	£1,004	2
1999	£130,000		1
1997	£109,000	£1,142	2
1996	£98,000	£792	2

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£610,000	£6,224	1
2020	£535,000	£6,221	1
2010	£318,333	£3,486	3
2006	£295,000		1
1996	£84,000	£977	1

All the Sales in the SUMMIT DRIVE, IG8 8QW

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

Address	Sold Date	Price	% Change
51 SUMMIT DRIVESemi-Detached, FreeholdArea: 133 Sq.mtrAge: 1930-1949	27 Jan 2023	£725,000	61.11%
	10 Apr 2014	£450,000	First Sale
43 SUMMIT DRIVESemi-Detached, FreeholdArea: 126 Sq.mtrAge: 1930-1949	27 Jun 2022	£660,000	First Sale
49 SUMMIT DRIVETerraced, FreeholdArea: 98 Sq.mtrAge: 1900-1929	13 Dec 2021	£610,000	69.44%
	24 Aug 2010	£360,000	First Sale
29 SUMMIT DRIVESemi-Detached, FreeholdArea: 88 Sq.mtrAge: 1930-1949	11 Jun 2021	£530,000	First Sale
27 SUMMIT DRIVESemi-Detached, FreeholdArea: 114 Sq.mtrAge: 1930-1949	14 May 2021	£585,000	34.79%
	21 Aug 2015	£434,000	40.91%
	25 Apr 2006	£308,000	First Sale
45 SUMMIT DRIVESemi-Detached, FreeholdArea: 102 Sq.mtrAge: 1930-1949	09 Apr 2021	£590,000	68.57%
	03 Aug 2006	£350,000	40.00%
	27 Apr 2006	£250,000	First Sale
11 SUMMIT DRIVESemi-Detached, FreeholdArea: 134 Sq.mtrAge: 1930-1949	27 Nov 2020	£610,000	46.99%
	14 Sep 2007	£415,000	First Sale
47 SUMMIT DRIVETerraced, FreeholdArea: 86 Sq.mtrAge: 1900-1929	26 Oct 2020	£535,000	536.90%
	19 Jul 1996	£84,000	First Sale
21 SUMMIT DRIVESemi-Detached, FreeholdArea: 125 Sq.mtrAge: 1930-1949	24 Mar 2017	£650,000	First Sale
23 SUMMIT DRIVESemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1930-1949	31 Jan 2014	£390,000	First Sale
39 SUMMIT DRIVESemi-Detached, FreeholdArea: 120 Sq.mtrAge: 1930-1949	18 Oct 2013	£395,000	First Sale
5 SUMMIT DRIVESemi-Detached, FreeholdArea: 126 Sq.mtrAge: 1930-1949	24 May 2013	£420,000	8.25%
	25 Oct 2010	£388,000	-7.62%
	29 May 2008	£420,000	232.02%
	03 Apr 2000	£126,500	First Sale
53 SUMMIT DRIVESemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1950-1966	20 Mar 2013	£352,500	First Sale
25 SUMMIT DRIVESemi-Detached, FreeholdArea: 88 Sq.mtrAge: 1930-1949	30 Sep 2011	£365,000	244.34%
	14 Nov 1997	£106,000	First Sale
55 SUMMIT DRIVETerraced, Freehold	26 Mar 2010	£285,000	First Sale
57 SUMMIT DRIVESemi-Detached, Freehold	04 Feb 2010	£387,000	54.80%
	28 Jul 2003	£250,000	44.93%
	05 May 2000	£172,500	54.02%
	14 Nov 1997	£112,000	First Sale
41 SUMMIT DRIVETerraced, FreeholdArea: 94 Sq.mtrAge: 1930-1949	27 Jan 2010	£310,000	First Sale
9 SUMMIT DRIVESemi-Detached, Freehold	20 Dec 2006	£313,000	First Sale
33 SUMMIT DRIVETerraced, Freehold	18 Dec 2006	£295,000	First Sale
59 SUMMIT DRIVESemi-Detached, Freehold	12 Jun 2003	£418,000	First Sale
7 SUMMIT DRIVESemi-Detached, Freehold	08 Oct 1999	£130,000	First Sale
13 SUMMIT DRIVESemi-Detached, Freehold	02 Aug 1996	£101,000	First Sale
19 SUMMIT DRIVESemi-Detached, FreeholdArea: 120 Sq.mtrAge: 1930-1949	09 Feb 1996	£95,000	First Sale

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

SUMMIT DRIVE, IG8 8QW Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £324,633 median price is £300,000 Standard Deviation is £168,359 with Total Sold: 615
- The Last 5 Year average price is £550,028 with Total Sold: 109
- The most recent sale happened at this postcode is , 32 CHALGROVE CRESCENT: £550,000 (Sold on 29 Aug 2024)
- The first recorded sale happened at this postcode is , 48 MARSTON ROAD: £90,000 (Sold on 27 Jan 1995)
Flat
- The average price is around £166,851 median price is £150,000 Standard Deviation is £92,348 with Total Sold: 301
- The Last 5 Year average price is £258,844 with Total Sold: 48
- The most recent sale happened at this postcode is , 9 ASH WAY: £225,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 194 RODING LANE NORTH: £46,750 (Sold on 26 Jan 1995)
Terraced
- The average price is around £295,553 median price is £270,000 Standard Deviation is £167,697 with Total Sold: 490
- The Last 5 Year average price is £531,112 with Total Sold: 84
- The most recent sale happened at this postcode is , 347 RODING LANE NORTH: £557,500 (Sold on 12 Aug 2024)
- The first recorded sale happened at this postcode is , 216 CHIGWELL ROAD: £59,000 (Sold on 19 Jan 1995)
Other
- The average price is around £2,086,894 median price is £537,000 Standard Deviation is £5,090,661 with Total Sold: 44
- The Last 5 Year average price is £3,062,292 with Total Sold: 24
- The most recent sale happened at this postcode is UNIT 18, BOURNE COURT UNITY TRADING ESTATE: £658,000 (Sold on 22 May 2024)
- The first recorded sale happened at this postcode is , 7A CLAYBURY BROADWAY: £235,000 (Sold on 20 Dec 2013)
Detached
- The average price is around £352,735 median price is £320,750 Standard Deviation is £159,279 with Total Sold: 100
- The Last 5 Year average price is £594,038 with Total Sold: 13
- The most recent sale happened at this postcode is , 3 EWELLHURST ROAD: £515,000 (Sold on 18 Mar 2024)
- The first recorded sale happened at this postcode is , 61 PEEL PLACE: £113,000 (Sold on 25 Apr 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£487,400		5
2023	£549,567	£5,433	15
2022	£583,400	£5,780	20
2021	£574,384	£5,347	25
2020	£517,028	£4,842	18
2019	£536,096	£4,923	26
2018	£535,556	£5,540	9
2017	£524,776	£4,859	17
2016	£516,595	£5,359	10
2015	£467,136	£4,802	22
2014	£405,250	£3,992	22
2013	£372,650	£3,485	20
2012	£319,105	£3,262	19
2011	£335,375	£3,358	16
2010	£302,384	£3,252	22
2009	£331,833	£2,813	9
2008	£419,667	£2,708	9
2007	£354,450	£2,927	21
2006	£290,827	£2,971	33
2005	£286,312	£2,477	24
2004	£288,990	£2,395	26
2003	£271,238	£2,328	27
2002	£223,337	£2,017	40
2001	£197,875	£1,644	24
2000	£161,294	£1,263	17
1999	£139,624	£1,317	38
1998	£116,024	£1,027	19
1997	£112,779	£974	17
1996	£106,587	£907	27
1995	£101,069	£745	18

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£184,750	£3,785	8
2023	£223,250	£3,957	10
2022	£333,750	£4,935	8
2021	£283,125	£4,625	8
2020	£218,333	£3,965	3
2019	£284,000	£4,464	11
2018	£250,900	£4,334	5
2017	£217,288	£3,759	8
2016	£246,182	£5,481	11
2015	£216,259	£4,064	17
2014	£205,047	£3,264	18
2013	£182,500	£2,930	5
2012	£159,857	£2,934	7
2011	£164,667	£3,294	3
2010	£154,829	£2,988	12
2009	£179,175	£3,181	10
2008	£189,286	£3,618	7
2007	£191,714	£3,106	14
2006	£202,556	£3,008	9
2005	£162,708	£2,815	12
2004	£179,937	£2,853	8
2003	£143,929	£2,400	17
2002	£128,350	£2,026	8
2001	£91,605	£1,540	19
2000	£82,518	£1,405	15
1999	£75,499	£1,332	7
1998	£69,662	£1,097	12
1997	£57,068	£1,202	11
1996	£49,550	£924	10
1995	£48,844	£746	8

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£523,625		4
2023	£455,714	£5,654	7
2022	£552,443	£5,297	14
2021	£567,650	£5,271	28
2020	£511,042	£4,984	12
2019	£503,579	£4,955	19
2018	£491,875	£4,409	4
2017	£477,909	£4,967	11
2016	£451,607	£4,379	14
2015	£383,269	£4,177	13
2014	£403,333	£3,528	12
2013	£296,525	£3,243	10
2012	£354,844	£3,463	9
2011	£290,681	£3,120	11
2010	£315,567	£3,162	15
2009	£259,954	£2,816	11
2008	£295,173	£3,550	20
2007	£315,171	£2,931	29
2006	£291,425	£2,769	24
2005	£262,778	£2,746	18
2004	£273,578	£2,654	19
2003	£245,085	£2,675	28
2002	£225,782	£2,114	23
2001	£168,718	£1,740	16
2000	£151,208	£1,633	12
1999	£130,750	£1,168	23
1998	£117,242	£1,120	18
1997	£110,147	£896	19
1996	£87,068	£842	22
1995	£89,110	£770	25

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£658,000		1
2023	£8,726,429	£5,978	7
2022	£850,000		1
2021	£1,036,667	£8,919	3
2020	£395,000		1
2019	£672,455		11
2018	£446,857		7
2017	£4,212,666	£1,303	3
2016	£149,922	£1,946	2
2015	£241,500	£4,225	5
2014	£410,000		2
2013	£235,000	£3,264	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£515,000		1
2023	£667,500	£5,318	4
2022	£626,667	£5,884	3
2021	£502,500	£4,741	1
2020	£605,000	£3,968	2
2019	£472,500	£5,210	2
2018	£489,333	£5,796	3
2017	£502,000	£4,854	4
2016	£585,000	£5,222	2
2015	£496,000	£4,242	5
2014	£386,249	£3,835	4
2012	£385,000	£3,702	1
2011	£248,750	£4,289	1
2010	£413,167	£3,686	3
2009	£353,333	£2,615	3
2007	£394,000	£4,554	5
2006	£350,625	£2,266	8
2005	£282,499		4
2004	£364,167	£3,177	3
2003	£285,900		5
2002	£315,375	£2,634	8
2001	£242,719	£2,074	8
2000	£235,000	£1,528	1
1999	£173,999	£1,770	4
1998	£158,625	£1,256	4
1997	£145,786	£1,466	7
1996	£112,000		2
1995	£122,500	£1,056	2

House Type in IG8 8QW area

The most common house types in the IG8 8QW postcode area are Semi-detached (110), Detached (2), and Terraced (2).

Total	114
Semi-detached	110
Detached	2
Terraced	2
Flat	0
Shared house	0
converted building	0
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 (56), and Owned: Owns outright (49).

Owned: Owns with a mortgage or loan	56
Owned: Owns outright	49
Private rented: Private landlord or letting agency	5
Shared ownership: Shared ownership	1
Social rented: Other social rented	1
Does not apply	0
Social rented: Rents from council or Local Authority	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the IG8 8QW have 2 people in household (32), and 4 people in household (28).

2 people in household	32
4 people in household	28
3 people in household	22
1 person in household	18
5 people in household	8
6 people in household	7
0 people in household	0
7 people in household	0
8 or more people in household	0