8, HOVETON WAY, ILFORD, IG6 2GP - £621,000

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

8 HOVETON WAY is a midsized detached house of 129m², built sometime between 1996 and 2002. It was last sold for £621,000 in August 2022, which was around 39% below the average August 2022 detached price in the Redbridge local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

8 HOVETON WAY Sold Prices

Land registry data shows three sales for 8 HOVETON WAY 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 8 HOVETON WAY 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 19 AUG	£621,000	£1,023,244	39% below HPI
2008 16 JAN	£470,000	£542,021	13% below HPI
2003 26 SEP	£399,950	£429,588	7% below HPI

8 HOVETON WAY 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 8 HOVETON WAY sales between September 2003 and August 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 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2022 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 8 HOVETON WAY?

8 HOVETON WAY is 129m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 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 8 HOVETON WAY lies on this distribution: 40% of detached houses are smaller than 8 HOVETON WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in London.

8 HOVETON WAY: Plot and Title Map

8 HOVETON WAY sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 8 HOVETON WAY, 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 8 HOVETON WAY). 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 8 HOVETON WAY?

8 HOVETON WAY is located in ILFORD, in the IG6 postcode district. The below map shows the position of No. 8 on HOVETON WAY.