8A, THE DRIVE, ILFORD, IG1 3HT - £245,000

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.

8A THE DRIVE is a very small extended semi-detached house of 54m², built sometime before 1900, which could now be worth an estimated £320,224. It was last sold for £245,000 in May 2019, which was around 54% below the average May 2019 semi-detached price in the Redbridge local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was B.

8A THE DRIVE Sold Prices

Land registry data shows one sale for 8A THE DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached price in the Redbridge local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 20 MAY	£245,000	£535,781	54% below HPI

What might 8A THE DRIVE be worth now?

8A THE DRIVE might now be worth an estimated £320,224.

This is based on house price inflation of 30.7%, between May 2019 and May 2026, for semi-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 30.7% inflationary increase is applied to the most recent sale price for 8A THE DRIVE of £245,000 on 20th May 2019. For the value to have increased from £245,000 to £320,224 over the seven years to May 2026, the following assumptions must hold true:

• The value of 8A THE DRIVE has moved in line with the HPI for semi-detached houses in the Redbridge local authority area.
• The May 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8A THE DRIVE has not materially changed since May 2019.

How Large is 8A THE DRIVE?

8A THE DRIVE is 54m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of semi-detached houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses by size in London, and where 8A THE DRIVE lies on this distribution: 2% of semi-detached houses are smaller than 8A THE DRIVE, and 98% of semi-detached houses are larger. Note that EPC data is not available for all properties in London.

8A THE DRIVE: Plot

8A THE DRIVE sits on a plot of roughly 0.206 of an acre, or 834m².

Where is 8A THE DRIVE?

8A THE DRIVE is located in ILFORD, in the IG1 postcode district.