Key indicators for buyers
The IG3 market is moderately favourable for buyers. Prices have softened (-26.9%), which could present a buying opportunity. 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 £356,667 with a 25% deposit (£89k), a 2-year fixed mortgage at 3.97% costs around £1,408 per month.
Monthly cost comparison based on current data
Uses IG3 avg. price with Redbridge rental data
Monthly mortgage payments (£1,408) are £308 less than renting (£1,716). However, buying requires an upfront deposit of £89k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
5, LOMBARD AVENUE IG3 8ER | Terraced | £450,000 | 15 Jan 2026 |
11A, LYNFORD GARDENS IG3 9LY | Flat/Maisonette | £235,000 | 13 Jan 2026 |
5, TAVISTOCK GARDENS IG3 9BE | Terraced | £385,000 | 9 Jan 2026 |
13A, BROOMHILL ROAD IG3 9SH | Flat/Maisonette | £137,000 | 23 Dec 2025 |
33, GARTMORE ROAD IG3 9XG | Terraced | £575,000 | 22 Dec 2025 |
FLAT 11, CORINTH HOUSE, 33, BARLEY LANE IG3 8XE | Flat/Maisonette | £231,500 | 19 Dec 2025 |
111, PEMBROKE ROAD IG3 8PF | 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 IG3 sold for £356,667 in 2026, with a median of £385,000 across 3 transactions. Prices fell 26.9% compared to the previous year.
| £530,000 |
| 19 Dec 2025 |
37, BROOMHILL ROAD IG3 9SH | Terraced | £630,000 | 19 Dec 2025 |
16, WELLMEAD, WELLWOOD ROAD IG3 8TX | Flat/Maisonette | £290,000 | 19 Dec 2025 |
50B, ELGIN ROAD IG3 8LL | Flat/Maisonette | £140,000 | 19 Dec 2025 |
46, CHARLBURY GARDENS IG3 9TU | Terraced | £520,000 | 18 Dec 2025 |
FLAT 2, 88, CAMBRIDGE ROAD IG3 8LY | Flat/Maisonette | £289,000 | 18 Dec 2025 |
58D, NORFOLK ROAD IG3 8LH | Flat/Maisonette | £210,000 | 18 Dec 2025 |
9, WESSEX CLOSE IG3 8JT | Terraced | £325,000 | 12 Dec 2025 |
14, LEVETT GARDENS IG3 9BT | Semi-detached | £900,000 | 12 Dec 2025 |
10, CLARK GROVE IG3 9FD | Flat/Maisonette | £195,000 | 12 Dec 2025 |
429, GREEN LANE IG3 9TD | Terraced | £535,000 | 10 Dec 2025 |
6, HARMAN RISE IG3 9FE | Flat/Maisonette | £200,000 | 5 Dec 2025 |
9, HOLLAND PARK AVENUE IG3 8JR | Terraced | £609,000 | 1 Dec 2025 |
21, SANDHURST DRIVE IG3 9DB | Terraced | £580,000 | 28 Nov 2025 |
The most recent recorded sale in IG3 was a terraced property on Lombard Avenue for £450,000 in January 2026. Across the last 20 sales, the median price was £385,000.