505, GREEN LANE, ILFORD, IG3 9RQ - £450,000

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

505 GREEN LANE is a small detached house of 101m², built sometime between 1900 and 1929. It was last sold for £450,000 in November 2019, which was around 47% below the average November 2019 detached price in the Redbridge local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

505 GREEN LANE Sold Prices

Land registry data shows two sales for 505 GREEN LANE 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 505 GREEN 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
2019 8 NOV	£450,000	£855,190	47% below HPI
2019 31 OCT	£450,000	£848,845	47% below HPI

505 GREEN 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 two 505 GREEN LANE sales from October 2019 and November 2019 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 2019 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the November 2019 sale, which was also at 47% below the HPI.

How Large is 505 GREEN LANE?

505 GREEN LANE is 101m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 505 GREEN LANE lies on this distribution: 20% of detached houses are smaller than 505 GREEN LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in London.

505 GREEN LANE: Plot and Title Map

505 GREEN LANE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 505 GREEN 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 505 GREEN 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 505 GREEN LANE?

505 GREEN LANE is located in ILFORD, in the IG3 postcode district. The below map shows the position of No. 505 on GREEN LANE.