45, PARKWAY, ILFORD, IG3 9HS - £800,000

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

45 PARKWAY is a midsized detached house of 157m², built sometime between 1930 and 1949. It was last sold for £800,000 in May 2022, which was around 17% below the average May 2022 detached price in the Redbridge local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

45 PARKWAY Sold Prices

Land registry data shows two sales for 45 PARKWAY 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 45 PARKWAY 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 13 MAY	£800,000	£967,664	17% below HPI
2014 21 OCT	£625,000	£648,898	4% below HPI

45 PARKWAY 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 45 PARKWAY sales from October 2014 and May 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 October 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 45 PARKWAY?

45 PARKWAY is 157m² according to the EPC inspection conducted in February 2019. This puts it in the largest 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 45 PARKWAY lies on this distribution: 57% of detached houses are smaller than 45 PARKWAY, and 42% of houses are larger. Note that EPC data is not available for all properties in London.

45 PARKWAY: Plot and Title Map

45 PARKWAY sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 45 PARKWAY, 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 45 PARKWAY). 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 45 PARKWAY?

45 PARKWAY is located in ILFORD, in the IG3 postcode district. The below map shows the position of No. 45 on PARKWAY.