Market outlook for IG2
Key indicators for buyers
The IG2 market presents a mixed picture for buyers. Prices are rising at 48.3%, 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.
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 £658,667 with a 25% deposit (£165k), a 2-year fixed mortgage at 3.97% costs around £2,599 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IG2 avg. price with Redbridge rental data
Monthly mortgage payments (£2,599) are £883 more than renting (£1,716). However, buying requires an upfront deposit of £165k — it would take around 20 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 |
|---|---|---|---|
76, HEADLEY DRIVE IG2 6LU | Terraced | £645,000 | 29 Jan 2026 |
92, PERRYMANS FARM ROAD IG2 7NN | Detached | £755,000 | 23 Jan 2026 |
21, SPEARPOINT GARDENS IG2 7SX | Terraced | £576,000 | 9 Jan 2026 |
FLAT 8, CATHERINE COURT, 30, SPRINGFIELD DRIVE IG2 6RH | Flat/Maisonette | £217,500 | 19 Dec 2025 |
77, GABRIELLE HOUSE, 332 - 336, PERTH ROAD IG2 6FG | Flat/Maisonette | £305,000 | 15 Dec 2025 |
227, OAKS LANE IG2 7QH | Semi-detached | £510,000 | 12 Dec 2025 |
107A, OTLEY DRIVE IG2 6QY | 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.