Key indicators for buyers
The IG4 market is moderately favourable for buyers. 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
2025averages · 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 £556,052 with a 25% deposit (£139k), a 2-year fixed mortgage at 3.97% costs around £2,194 per month.
Monthly cost comparison based on current data
Uses IG4 avg. price with Redbridge rental data
Monthly mortgage payments (£2,194) are £478 more than renting (£1,716). However, buying requires an upfront deposit of £139k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
67, TORQUAY GARDENS IG4 5PU | Terraced | £550,000 | 17 Dec 2025 |
15, SOMERSBY GARDENS IG4 5DY | Semi-detached | £625,000 | 16 Dec 2025 |
128, REDBRIDGE LANE EAST IG4 5BU | Terraced | £667,500 | 12 Dec 2025 |
51, VISTA DRIVE IG4 5JF | Terraced | £830,000 | 5 Dec 2025 |
17, AMBLESIDE GARDENS IG4 5HH | Terraced | £610,000 | 3 Dec 2025 |
49, BABBACOMBE GARDENS IG4 5LZ | Terraced | £592,500 | 28 Nov 2025 |
10, LEIGH AVENUE IG4 5PH | Terraced | £650,000 |
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 IG4 sold for £556,052 in 2025, with a median of £600,000 across 62 transactions. Prices rose 1.6% compared to the previous year.
| 28 Nov 2025 |
FLAT 62, HOME HEATHER HOUSE, 128, BEEHIVE LANE IG4 5EF | Flat/Maisonette | £84,000 | 26 Nov 2025 |
116, FALMOUTH GARDENS IG4 5JL | Semi-detached | £495,000 | 25 Nov 2025 |
2, STUDLEY COURT, STUDLEY DRIVE IG4 5AL | Flat/Maisonette | £370,000 | 3 Nov 2025 |
10, SUSSEX CLOSE IG4 5DP | Terraced | £430,000 | 24 Oct 2025 |
57, TORQUAY GARDENS IG4 5PU | Terraced | £555,500 | 22 Oct 2025 |
14, VISTA DRIVE IG4 5JF | Terraced | £850,000 | 16 Oct 2025 |
14, LIMEWOOD COURT IG4 5EL | Flat/Maisonette | £95,000 | 14 Oct 2025 |
8, FAIRMEAD GARDENS IG4 5BP | Semi-detached | £715,000 | 6 Oct 2025 |
168, EASTERN AVENUE IG4 5AD | Semi-detached | £610,000 | 26 Sept 2025 |
62, LIMEWOOD COURT IG4 5EL | Flat/Maisonette | £220,000 | 24 Sept 2025 |
199, WOODFORD AVENUE IG4 5LH | Terraced | £680,000 | 23 Sept 2025 |
20, LIMEWOOD COURT IG4 5EL | Flat/Maisonette | £85,000 | 19 Sept 2025 |
25, LEIGH AVENUE IG4 5PH | Terraced | £600,000 | 19 Sept 2025 |
The most recent recorded sale in IG4 was a terraced property on Torquay Gardens for £550,000 in December 2025. Across the last 20 sales, the median price was £600,000.