Key indicators for buyers
The IG8 market is moderately favourable for buyers. Prices have softened (-18.0%), 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 £542,125 with a 25% deposit (£136k), a 2-year fixed mortgage at 3.97% costs around £2,139 per month.
Monthly cost comparison based on current data
Uses IG8 avg. price with Redbridge rental data
Monthly mortgage payments (£2,139) are £423 more than renting (£1,716). However, buying requires an upfront deposit of £136k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
18, THE SQUARE IG8 0UJ | Terraced | £495,000 | 30 Jan 2026 |
77, TAMAR SQUARE IG8 0EB | Flat/Maisonette | £140,000 | 19 Jan 2026 |
3, VICARAGE COURT, VICARAGE ROAD IG8 8NJ | Flat/Maisonette | £309,500 | 16 Jan 2026 |
27, ABBOTSFORD GARDENS IG8 9HW | Terraced | £940,000 | 12 Jan 2026 |
5, STONEYCROFT ROAD IG8 8ED | Terraced | £550,000 | 9 Jan 2026 |
17, THEYDON GROVE IG8 7HQ | Semi-detached | £820,000 | 9 Jan 2026 |
21, EVERGREEN APARTMENTS, 253 - 269, HIGH ROAD IG8 9FB | Flat/Maisonette |
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 IG8 sold for £542,125 in 2026, with a median of £522,500 across 8 transactions. Prices fell 18.0% compared to the previous year.
| £350,000 |
| 9 Jan 2026 |
38, HILLSIDE AVENUE IG8 7QR | Semi-detached | £732,500 | 8 Jan 2026 |
9, FUCHSIA COURT, BRIDLE PATH IG8 9NH | Flat/Maisonette | £339,075 | 19 Dec 2025 |
4, VICARAGE ROAD IG8 8NH | Detached | £460,000 | 19 Dec 2025 |
9, PEONY COURT, BRIDLE PATH IG8 9LY | Flat/Maisonette | £310,000 | 19 Dec 2025 |
1, LAMBS MEADOW IG8 8QD | Semi-detached | £580,000 | 19 Dec 2025 |
18, DANBURY WAY IG8 7EZ | Terraced | £680,000 | 19 Dec 2025 |
3, ARLINGTON ROAD IG8 9DE | Terraced | £755,000 | 19 Dec 2025 |
21, MONTSERRAT AVENUE IG8 9PJ | Semi-detached | £641,000 | 19 Dec 2025 |
57, PROSPECT ROAD IG8 7NA | Terraced | £470,500 | 18 Dec 2025 |
85, WEST GROVE IG8 7NP | Terraced | £435,000 | 18 Dec 2025 |
9, THE CHARTER ROAD IG8 9RD | Detached | £1,350,000 | 18 Dec 2025 |
40, NEWLANDS ROAD IG8 0RU | Detached | £812,000 | 17 Dec 2025 |
5, CONYERS CLOSE IG8 9PX | Semi-detached | £590,000 | 17 Dec 2025 |
The most recent recorded sale in IG8 was a terraced property on The Square for £495,000 in January 2026. Across the last 20 sales, the median price was £580,000.