242, RODING LANE SOUTH, ILFORD, IG4 5PR - £950,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

242 RODING LANE SOUTH is a midsized extended detached house of 148m², built sometime between 1976 and 1982, which could now be worth an estimated £962,344. It was last sold for £950,000 in September 2022, which was around 13% below the average September 2022 detached price in the Redbridge local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

242 RODING LANE SOUTH Sold Prices

Land registry data shows three sales for 242 RODING LANE SOUTH 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 242 RODING LANE SOUTH 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
2022 20 SEP	£950,000	£1,088,970	13% below HPI
2004 30 JAN	£295,000	£455,930	35% below HPI
2000 17 MAR	£180,000	£276,018	35% below HPI

242 RODING LANE SOUTH 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 242 RODING LANE SOUTH sales between March 2000 and September 2022 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 January 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 242 RODING LANE SOUTH be worth now?

242 RODING LANE SOUTH might now be worth an estimated £962,344.

This is based on house price inflation of 1.3%, between September 2022 and February 2025, for detached houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% inflationary increase is applied to the most recent sale price for 242 RODING LANE SOUTH of £950,000 on 20th September 2022. For the value to have increased from £950,000 to £962,344 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 242 RODING LANE SOUTH has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The September 2022 sale price of £950,000 represented a fair market value for the property.
• The size, condition, and specification of 242 RODING LANE SOUTH has not materially changed since September 2022.

How Large is 242 RODING LANE SOUTH?

242 RODING LANE SOUTH is 148m², which includes four extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 50% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 242 RODING LANE SOUTH lies on this distribution: 52% of detached houses houses are smaller than 242 RODING LANE SOUTH, and 48% of houses are larger. Note that EPC data is not available for all properties in London.

242 RODING LANE SOUTH: Plot and Title Map

242 RODING LANE SOUTH sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 242 RODING LANE SOUTH, 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 242 RODING LANE SOUTH). 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 242 RODING LANE SOUTH?

242 RODING LANE SOUTH is located in ILFORD, in the IG4 postcode district. The below map shows the position of No. 242 on RODING LANE SOUTH.