15, MARTHAM CLOSE, ILFORD, IG6 2GL - £490,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 MARTHAM CLOSE is a midsized detached house of 141m², built sometime between 1996 and 2002. It was last sold for £490,000 in November 2013, which was around 17% below the average November 2013 detached price in the Redbridge local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

15 MARTHAM CLOSE Sold Prices

Land registry data shows two sales for 15 MARTHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. Both of the two 15 MARTHAM CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 15 NOV	£490,000	£590,204	17% below HPI
2002 10 MAY	£301,450	£346,945	13% below HPI

15 MARTHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 15 MARTHAM CLOSE sales from May 2002 and November 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2013 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 15 MARTHAM CLOSE?

15 MARTHAM CLOSE is 141m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 15 MARTHAM CLOSE lies on this distribution: 48% of detached houses are smaller than 15 MARTHAM CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in London.

15 MARTHAM CLOSE: Plot and Title Map

15 MARTHAM CLOSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 15 MARTHAM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 MARTHAM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 MARTHAM CLOSE?

15 MARTHAM CLOSE is located in ILFORD, in the IG6 postcode district. The below map shows the position of No. 15 on MARTHAM CLOSE.