24, WATER LANE, ILFORD, IG3 9HN - £495,000

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

24 WATER LANE is a very small extended detached house of 99m², built sometime between 1930 and 1949. It was last sold for £495,000 in February 2011, which was around 11% below the average February 2011 detached price in the Redbridge local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

24 WATER LANE Sold Prices

Land registry data shows three sales for 24 WATER LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. All of the three 24 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
2011 23 FEB	£495,000	£557,082	11% below HPI
1999 1 SEP	£126,000	£231,637	46% below HPI
1995 29 SEP	£59,500	£156,272	62% below HPI

24 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 three 24 WATER LANE sales between September 1995 and February 2011 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 September 1999 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2011 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 24 WATER LANE?

24 WATER LANE is 99m², which includes one extension, according to the EPC inspection conducted in April 2009. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 24 WATER LANE lies on this distribution: 19% of detached houses are smaller than 24 WATER LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in London.

24 WATER LANE: Plot and Title Map

24 WATER LANE sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 24 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 24 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 24 WATER LANE?

24 WATER LANE is located in ILFORD, in the IG3 postcode district. The below map shows the position of No. 24 on WATER LANE.