5, MEADWAY, ILFORD, IG3 9BQ - £1,070,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MEADWAY is a very large extended detached house of 450m², built sometime between 1930 and 1949. It was last sold for £1,070,000 in December 2016, which was around 29% above the average December 2016 detached price in the Redbridge local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

5 MEADWAY Sold Prices

Land registry data shows two sales for 5 MEADWAY 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 5 MEADWAY sales were for above 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
2016 16 DEC	£1,070,000	£831,889	29% above HPI
2008 22 AUG	£800,000	£535,659	49% above HPI

5 MEADWAY 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 5 MEADWAY sales from August 2008 and December 2016 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 August 2008 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the December 2016 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 5 MEADWAY?

5 MEADWAY is 450m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 5 MEADWAY lies on this distribution: 97% of detached houses are smaller than 5 MEADWAY, and 3% of houses are larger. Note that EPC data is not available for all properties in London.

5 MEADWAY: Plot and Title Map

5 MEADWAY sits on a plot of roughly 0.216 of an acre, or 873m². The below map shows the location of 5 MEADWAY, 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 5 MEADWAY). 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 5 MEADWAY?

5 MEADWAY is located in ILFORD, in the IG3 postcode district. The below map shows the position of No. 5 on MEADWAY.