5, TALISMAN CLOSE, ILFORD, IG3 9JA - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 TALISMAN CLOSE is a very small detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £641,075. It was last sold for £295,000 in November 2009, which was around 43% below the average November 2009 detached price in the Redbridge local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

5 TALISMAN CLOSE Sold Prices

Land registry data shows two sales for 5 TALISMAN CLOSE 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 TALISMAN CLOSE 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
2009 16 NOV	£295,000	£514,791	43% below HPI
2003 19 SEP	£245,000	£455,484	46% below HPI

5 TALISMAN CLOSE 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 TALISMAN CLOSE sales from September 2003 and November 2009 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 September 2003 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the November 2009 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 5 TALISMAN CLOSE be worth now?

5 TALISMAN CLOSE might now be worth an estimated £641,075.

This is based on house price inflation of 117.3%, between November 2009 and May 2026, for detached houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 117.3% inflationary increase is applied to the most recent sale price for 5 TALISMAN CLOSE of £295,000 on 16th November 2009. For the value to have increased from £295,000 to £641,075 over the seventeen years and six months to May 2026, the following assumptions must hold true:

• The value of 5 TALISMAN CLOSE has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The November 2009 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 TALISMAN CLOSE has not materially changed since November 2009.

How Large is 5 TALISMAN CLOSE?

5 TALISMAN CLOSE is 91m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 20% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 5 TALISMAN CLOSE lies on this distribution: 13% of detached houses houses are smaller than 5 TALISMAN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in London.

5 TALISMAN CLOSE: Plot and Title Map

5 TALISMAN CLOSE sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 5 TALISMAN CLOSE, 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 TALISMAN CLOSE). 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 TALISMAN CLOSE?

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