Market outlook for IG1
Key indicators for buyers
The IG1 market is moderately favourable for buyers. Prices have softened (-18.1%), 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Redbridge price of £396,500 with a 25% deposit (£99k), a 2-year fixed mortgage at 3.97% costs around £1,565 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IG1 avg. price with Redbridge rental data
Monthly mortgage payments (£1,565) are £151 less than renting (£1,716). However, buying requires an upfront deposit of £99k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
169, STAINES ROAD IG1 2UP | Terraced | £375,000 | 28 Jan 2026 |
43, NATAL ROAD IG1 2ES | Terraced | £380,000 | 22 Jan 2026 |
27, KHARTOUM ROAD IG1 2NR | Terraced | £435,000 | 19 Jan 2026 |
32, BLACKTHORN ROAD IG1 2LS | Flat/Maisonette | £180,000 | 16 Jan 2026 |
8, GRANGE ROAD IG1 1EU | Terraced | £380,000 | 16 Jan 2026 |
12, STAINES ROAD IG1 2XF | Terraced | £550,000 | 14 Jan 2026 |
28, AGNES AVENUE IG1 2EE | Terraced | £420,000 |
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.