343, MORTLAKE ROAD, ILFORD, IG1 2TQ - £525,000

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

343 MORTLAKE ROAD is a small detached house of 103m², built in 2023. It was last sold for £525,000 in June 2021, which was around 43% below the average June 2021 detached price in the Redbridge local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

343 MORTLAKE ROAD Sold Prices

Land registry data shows two sales for 343 MORTLAKE ROAD 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 343 MORTLAKE ROAD 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
2021 2 JUN	£525,000	£921,517	43% below HPI
1996 28 NOV	£92,000	£164,611	44% below HPI

343 MORTLAKE ROAD 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 343 MORTLAKE ROAD sales from November 1996 and June 2021 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 1996 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2021 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 343 MORTLAKE ROAD?

343 MORTLAKE ROAD is 103m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 30% of detached houses in Ilford, based on EPC data. The below chart shows the distribution of detached houses by size in Ilford, and where 343 MORTLAKE ROAD lies on this distribution: 29% of detached houses are smaller than 343 MORTLAKE ROAD, and 71% of houses are larger. Note that EPC data is not available for all properties in Ilford.

343 MORTLAKE ROAD: Plot and Title Map

343 MORTLAKE ROAD sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 343 MORTLAKE ROAD, 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 343 MORTLAKE ROAD). 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 343 MORTLAKE ROAD?

343 MORTLAKE ROAD is located in ILFORD, in the IG1 postcode district. The below map shows the position of No. 343 on MORTLAKE ROAD.