Key indicators for buyers
The IG5 market presents a mixed picture for buyers. Prices are rising at 4.6%, 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 £601,000 with a 25% deposit (£150k), a 2-year fixed mortgage at 3.97% costs around £2,372 per month.
Monthly cost comparison based on current data
Uses IG5 avg. price with Redbridge rental data
Monthly mortgage payments (£2,372) are £656 more than renting (£1,716). However, buying requires an upfront deposit of £150k — it would take around 16 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
23, CHERITON AVENUE IG5 0QN | Semi-detached | £540,000 | 12 Jan 2026 |
88, LONGWOOD GARDENS IG5 0BB | Semi-detached | £662,000 | 7 Jan 2026 |
35, CHALGROVE CRESCENT, CLAYHALL IG5 0LX | Semi-detached | £570,000 | 22 Dec 2025 |
40, BERKELEY AVENUE IG5 0UN | Semi-detached | £526,501 | 12 Dec 2025 |
291, FULLWELL AVENUE IG5 0RG | Semi-detached | £625,000 | 12 Dec 2025 |
98, KIRKLAND AVENUE IG5 0TN | Semi-detached | £630,000 | 10 Dec 2025 |
70, MARLANDS ROAD IG5 0JJ | 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 IG5 sold for £601,000 in 2026, with a median of £601,000 across 2 transactions. Prices rose 4.6% compared to the previous year.
| £855,000 |
| 5 Dec 2025 |
52, WENSLEYDALE AVENUE IG5 0NB | Semi-detached | £835,000 | 5 Dec 2025 |
7, EARLSWOOD GARDENS IG5 0DF | Terraced | £435,000 | 5 Dec 2025 |
308, STRADBROKE GROVE IG5 0DE | Terraced | £570,000 | 5 Dec 2025 |
5, CHALGROVE CRESCENT, CLAYHALL IG5 0LX | Terraced | £960,000 | 5 Dec 2025 |
18, BASILDON AVENUE, CLAYHALL IG5 0QD | Semi-detached | £565,000 | 1 Dec 2025 |
134, TIPTREE CRESCENT IG5 0SX | Terraced | £407,000 | 27 Nov 2025 |
36, CHALGROVE CRESCENT, CLAYHALL IG5 0LU | Semi-detached | £695,000 | 26 Nov 2025 |
9, THE GLADE IG5 0NQ | Semi-detached | £575,000 | 26 Nov 2025 |
78, TIPTREE CRESCENT IG5 0SY | Terraced | £475,000 | 24 Nov 2025 |
199, LONGWOOD GARDENS IG5 0EU | Terraced | £650,000 | 24 Nov 2025 |
21A, WEDMORE AVENUE IG5 0XF | Semi-detached | £322,500 | 13 Nov 2025 |
3, PURLEY CLOSE IG5 0TP | Semi-detached | £585,500 | 11 Nov 2025 |
223, FULLWELL AVENUE IG5 0RB | Flat/Maisonette | £275,000 | 7 Nov 2025 |
The most recent recorded sale in IG5 was a semi-detached property on Cheriton Avenue for £540,000 in January 2026. Across the last 20 sales, the median price was £575,000.