Key indicators for buyers
The IG2 market presents a mixed picture for buyers. Prices are rising at 48.3%, which may favour acting sooner rather than later. Affordability has improved from a peak of 15.7x in 2018 to 14.2x today. Rising rents (£1,716/mo, +4.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Redbridge area
A home in Redbridge costs 14.2x the local median salary — very stretched, improving from a peak of 15.7x in 2018.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Redbridge area
Average monthly rent in Redbridge is £1,716, up 4.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Redbridge price of £658,667 with a 25% deposit (£165k), a 2-year fixed mortgage at 3.97% costs around £2,599 per month.
Monthly cost comparison based on current data
Uses IG2 avg. price with Redbridge rental data
Monthly mortgage payments (£2,599) are £883 more than renting (£1,716). However, buying requires an upfront deposit of £165k — it would take around 20 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
76, HEADLEY DRIVE IG2 6LU | Terraced | £645,000 | 29 Jan 2026 |
92, PERRYMANS FARM ROAD IG2 7NN | Detached | £755,000 | 23 Jan 2026 |
21, SPEARPOINT GARDENS IG2 7SX | Terraced | £576,000 | 9 Jan 2026 |
FLAT 8, CATHERINE COURT, 30, SPRINGFIELD DRIVE IG2 6RH | Flat/Maisonette | £217,500 | 19 Dec 2025 |
77, GABRIELLE HOUSE, 332 - 336, PERTH ROAD IG2 6FG | Flat/Maisonette | £305,000 | 15 Dec 2025 |
227, OAKS LANE IG2 7QH | Semi-detached | £510,000 | 12 Dec 2025 |
107A, OTLEY DRIVE IG2 6QY | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in IG2 sold for £658,667 in 2026, with a median of £645,000 across 3 transactions. Prices rose 48.3% compared to the previous year.
| £550,000 |
| 12 Dec 2025 |
79, ROSEDENE GARDENS IG2 6YD | Semi-detached | £760,000 | 5 Dec 2025 |
778, EASTERN AVENUE IG2 7HY | Flat/Maisonette | £277,500 | 5 Dec 2025 |
45, MARTLEY DRIVE IG2 6SJ | Terraced | £519,000 | 27 Nov 2025 |
39, KIMBERLEY AVENUE IG2 7AR | Terraced | £300,000 | 27 Nov 2025 |
47, HEATHSIDE CLOSE IG2 7PD | Flat/Maisonette | £315,000 | 25 Nov 2025 |
755B, EASTERN AVENUE IG2 7RX | Flat/Maisonette | £125,000 | 24 Nov 2025 |
103, ROYAL CRESCENT, NEWBURY PARK IG2 7JZ | Flat/Maisonette | £290,000 | 21 Nov 2025 |
42, ETHELBERT GARDENS IG2 6UN | Terraced | £740,000 | 7 Nov 2025 |
18, ST PETERS CLOSE IG2 7QL | Flat/Maisonette | £265,000 | 7 Nov 2025 |
FLAT 12, LINCOLN COURT 634-658, EASTERN AVENUE IG2 6PR | Flat/Maisonette | £152,000 | 5 Nov 2025 |
544, CRANBROOK ROAD IG2 6RD | Terraced | £510,000 | 31 Oct 2025 |
59, SPEARPOINT GARDENS IG2 7SZ | Terraced | £527,000 | 30 Oct 2025 |
127, SPRINGFIELD DRIVE IG2 6QP | Terraced | £615,000 | 29 Oct 2025 |
The most recent recorded sale in IG2 was a terraced property on Headley Drive for £645,000 in January 2026. Across the last 20 sales, the median price was £510,000.