22, WATER LANE, ILFORD, IG3 9HN - £500,000

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

22 WATER LANE is a small detached house of 128m², built sometime between 1930 and 1949. It was last sold for £500,000 in August 2007, which was around 7% below the average August 2007 detached price in the Redbridge local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

22 WATER LANE Sold Prices

Land registry data shows two sales for 22 WATER LANE 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 22 WATER LANE 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
2007 20 AUG	£500,000	£535,876	7% below HPI
1995 28 APR	£70,000	£152,696	54% below HPI

22 WATER LANE 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 22 WATER LANE sales from April 1995 and August 2007 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 April 1995 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2007 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 22 WATER LANE?

22 WATER LANE is 128m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 22 WATER LANE lies on this distribution: 40% of detached houses are smaller than 22 WATER LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in London.

22 WATER LANE: Plot and Title Map

22 WATER LANE sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 22 WATER LANE, 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 22 WATER LANE). 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 22 WATER LANE?

22 WATER LANE is located in ILFORD, in the IG3 postcode district. The below map shows the position of No. 22 on WATER LANE.