55, RESERVOIR WAY, ILFORD, IG6 3FD - £500,000

55 RESERVOIR WAY is a very small detached house of 98m². It was last sold for £500,000 in November 2022, which was around 53% below the average November 2022 detached price in the Redbridge local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

55 RESERVOIR WAY Sold Prices

Land registry data shows two sales for 55 RESERVOIR WAY 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 55 RESERVOIR 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 25 NOV	£500,000	£1,054,142	53% below HPI
2016 15 FEB	£350,000	£781,299	55% below HPI

55 RESERVOIR 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 two 55 RESERVOIR WAY sales from February 2016 and November 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 February 2016 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 2022 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 55 RESERVOIR WAY?

55 RESERVOIR WAY is 98m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 55 RESERVOIR WAY lies on this distribution: 18% of detached houses are smaller than 55 RESERVOIR WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in London.

55 RESERVOIR WAY: Plot and Title Map

55 RESERVOIR WAY sits on a plot of roughly 0.027 of an acre, or 109m². The below map shows the location of 55 RESERVOIR 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 55 RESERVOIR 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 55 RESERVOIR WAY?

55 RESERVOIR WAY is located in ILFORD, in the IG6 postcode district. The below map shows the position of No. 55 on RESERVOIR WAY.