Area Guide For Redbridge

Redbridge is a suburb of Greater London popular for its green leafy surroundings and serene atmosphere. There is a lot of demographic variety in there, with nearly half of the population comprised of different ethnicities along with a major chunk of youth. The Borough itself also covers Newbury Park, Woodford Green and Barkingside. More railroad connections are also planned for the area, likely to lead to more development and infrastructure building. Essentially Redbridge is an ideal neighbourhood for families who want amenities like parks, shops and children’s play areas nearby.


Redbridge Map

Estimated Price: £431,150
Average Asking Price: £498,247
Price change in last one year: £33,001
Average Price Paid: £344,440
Average Rent Rates: £1,764


Property Prices Breakdown in Redbridge

Average Price for property in Redbridge is around £431,150 which varies based on type of property you are interested in and ranges from £776,931 for detached house to around £415,053 for semi-detached. Similarly terraced house is around £409,969 and a flat is worth £368,515. Values have been changing and have risen £2,400 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,108 in last 6 months, £33,001 in last 1 year, £61,292 in last 2 years, £71,198 in last 3 years, £80,587 in last 4 years and £67,532 in last 5 years.

Currently average asking price of a property in Redbridge is around £498,247 based on approximately 153 properties for sale. Same is the case with rental options based on 34 properties up for rent, average asking rent is around £1,764 per month.

Estimated property value in Redbridge is £431,150. Average asking price is £498,247 while average price paid is £387,992 which is up by £33,001 and Avg. asking rent £1,764.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Redbridge area. In last 1 year alone average price buyer paid is around £387,992 based on approximately 153 sales in Redbridge area alone. If you compare it to last 3 years sales of 375 properties where buyers paid around £348,200. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £344,440 for 606 and average amount paid for purchase of approx. 812 properties sold in last 7 years comes to about £336,123 per sale.


Properties For Sale in Redbridge


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £400,000, £401,909 for a 3 bedroom house and £561,327 for a 4 bedroom house. For a flat similarly the prices varies from £437,500 for a 2 bedroom to £745,000 for a 3 bedroom Flat. Same is the case with 4 bedroom flat £750,000. To sum up the asking prices for properties in Redbridge it comes to around average £430,000 for 2 bedroom property, £491,411 for 3 bedroom and £573,119 for 4 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £2,102 for 2 bedroom to £1,616 for 3 bedroom and £2,009 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,198. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,714 and £2,085 for 3 bedroom. You should be generally be expecting around average £1,198 rent per month for single bedroom property, £1,739 for 2 bedroom, £1,929 for 3 bedroom and approximately £2,009 for 4 bedroom property in Redbridge area.

Popular Houses in Redbridge

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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