Redbridge House Prices, London
Redbridge is a borough, located in London.
Redbridge House Prices
As of June, 2024, the average house prices in Redbridge are as follows:
- studio – £200,000 (-20%)
- 1 bedroom flat – £250,000 (-1.92%)
- 2 bedroom flat – £367,500 (-3.49%)
- 3 bedroom flat – £549,999 (-1.19%)
- 4 bedroom flat – £700,000 (-5.37%)
- 5 bedroom flat – £850,000 (-9.95%)
Keep in mind that these are simply the average rates for Redbridge house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Redbridge, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Redbridge house price is £500,000, low by 0% as of £500,000 in May, 2024.
- Currently, there are 2,609 houses for sale and an average of 94 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Redbridge house prices.
Redbridge House Prices Growth
The average house price in Redbridge over the last 5 years is as follows:
- 2019-06 – £421,747
- 2020-06 – £418,140 (-0.86%)
- 2021-06 – £460,846 (10.21%)
- 2022-06 – £461,017 (0.04%)
- 2023-06 – £486,532 (5.53%)
- 2024-06 – £488,785 (0.46%)
Sold house prices in Redbridge remained unchanged from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 15%. Thus, if the trend continues, purchasing real estate in Redbridge in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average Redbridge house prices, it’s also wise to keep an eye on house rent prices in Redbridge. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Redbridge.
Read more about Redbridge areas: Aldborough Hatch, Barkingside, Clayhall, Cranbrook, Fairlop, Goodmayes, Hainault, Ilford, Loxford, Seven Kings, South Woodford, Wanstead.