FLAT E, 43, THE DRIVE, ILFORD, IG1 3HB - £202,000

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.

FLAT E 43 THE DRIVE is a very small flat of 29m², built sometime between 1930 and 1949, which could now be worth an estimated £221,993. It was last sold for £202,000 in August 2019, which was around 29% below the average August 2019 flat price in the Redbridge local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

FLAT E 43 THE DRIVE Sold Prices

Land registry data shows two sales for FLAT E 43 THE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Redbridge local authority area for the corresponding sale date. Both of the two FLAT E 43 THE DRIVE 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 23 AUG	£202,000	£283,658	29% below HPI
1995 16 JUN	£37,950	£53,693	29% below HPI

What might FLAT E 43 THE DRIVE be worth now?

FLAT E 43 THE DRIVE might now be worth an estimated £221,993.

This is based on house price inflation of 9.9%, between August 2019 and May 2026, for flats, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.9% inflationary increase is applied to the most recent sale price for FLAT E 43 THE DRIVE of £202,000 on 23rd August 2019. For the value to have increased from £202,000 to £221,993 over the seven years and three months to May 2026, the following assumptions must hold true:

• The value of FLAT E 43 THE DRIVE has moved in line with the HPI for flats in the Redbridge local authority area.
• The August 2019 sale price of £202,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT E 43 THE DRIVE has not materially changed since August 2019.

How Large is FLAT E 43 THE DRIVE?

FLAT E 43 THE DRIVE is 29m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of flats in London, based on EPC data. 1% of flats are smaller than FLAT E 43 THE DRIVE, and 98% of flats are larger. Note that EPC data is not available for all properties in London.

FLAT E 43 THE DRIVE: Plot

FLAT E 43 THE DRIVE sits on a plot of roughly 0.086 of an acre, or 348m².

Where is FLAT E 43 THE DRIVE?

FLAT E, 43 THE DRIVE is located in ILFORD, in the IG1 postcode district.