2, MARTHAM CLOSE, ILFORD, IG6 2GL - £430,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MARTHAM CLOSE is a midsized detached house of 138m², built sometime between 1996 and 2002. It was last sold for £430,000 in March 2010, which was around 15% below the average March 2010 detached price in the Redbridge local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

2 MARTHAM CLOSE Sold Prices

Land registry data shows two sales for 2 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 2 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
2010 31 MAR	£430,000	£505,971	15% below HPI
2001 30 NOV	£299,950	£336,322	11% below HPI

2 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 2 MARTHAM CLOSE sales from November 2001 and March 2010 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 November 2001 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2010 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 MARTHAM CLOSE?

2 MARTHAM CLOSE is 138m² according to the EPC inspection conducted in February 2010. 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 2 MARTHAM CLOSE lies on this distribution: 46% of detached houses are smaller than 2 MARTHAM CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in London.

2 MARTHAM CLOSE: Plot and Title Map

2 MARTHAM CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 2 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 2 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 2 MARTHAM CLOSE?

2 MARTHAM CLOSE is located in ILFORD, in the IG6 postcode district. The below map shows the position of No. 2 on MARTHAM CLOSE.