The average property value in Redbridge is £528,258 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Redbridge grew by £59,872. Compare house prices by area
Average property prices in Redbridge grew by 12.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.8% per year.
If prices in Redbridge continue to rise by 5.8% a year, the average property price will be £662,754 in 2025.
There were 2,345 property sales in Redbridge in the year ending June 2021, an increase of 270 when compared to the previous year.
The average price for a house in Redbridge ranges from £532,388 for a terraced house to £910,128 for a detached house, with semi-detached in between costing on average £622,495.
The average price for a flat or maisonette in Redbridge is £322,209.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Redbridge, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 46.2% from £622,412 to £910,128, semi-detached house prices have risen 69.5% from £367,159 to £622,495, terraced house prices have risen 84.1% from £289,151 to £532,388, and flat prices have risen 60.7% from £200,471 to £322,209.
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The most common type of property sold in Redbridge during the year ending June 2021 was terraced houses, which accounted for 48.6% of properties.
The least commonly available type of property sold in Redbridge were detached houses, which account for 5.2% of properties sold.
Of the properties sold in Redbridge during 2021, 0.9% were new build properties.
The average price paid for a new build property in Redbridge was £32,095 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was terraced houses (40% of new build properties sold). For existing properties, the most common type is terraced houses (49% of existing properties sold).
The most common price band for property sales in Redbridge is £400k - £500k, which accounted for 18.3% of properties sold in 2021.
3.0% of properties in Redbridge had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Redbridge were in the £50k - £100k price bracket, accounting for 0.2% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics