Market outlook for IG6
Key indicators for buyers
The IG6 market presents a mixed picture for buyers. Prices are rising at 14.7%, 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 £544,250 with a 25% deposit (£136k), a 2-year fixed mortgage at 3.97% costs around £2,148 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses IG6 avg. price with Redbridge rental data
Monthly mortgage payments (£2,148) are £432 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.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
4, HAZEL LANE IG6 2AG | Semi-detached | £820,000 | 16 Jan 2026 |
115A, TOMSWOOD HILL IG6 2HR | Terraced | £412,000 | 9 Jan 2026 |
22, HUGHES ROAD IG6 2FP | Terraced | £625,000 | 8 Jan 2026 |
15, STARCH HOUSE LANE IG6 1PU | Terraced | £320,000 | 6 Jan 2026 |
FLAT 16, SONAR HOUSE 1, MARINE CRESCENT IG6 2FA | Flat/Maisonette | £350,000 | 19 Dec 2025 |
33, CLEVES WALK IG6 2NQ | Semi-detached | £675,000 | 19 Dec 2025 |
7, ROVER AVENUE IG6 3DE | Semi-detached |
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.