House prices in Redbridge have gone up by an average of over £1,000 in the month of January, according to figures from the Land Registry.

The latest data from the government department reveals that in January 2023 average house prices in Redbridge reached £488,376.

This was up from £487,311 in December, representing a 0.2 per cent increase. In the last 12 months it has risen by 4.5 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Redbridge here.

How much have house prices increased in Redbridge?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses - Up to £1,073,494 from £1,068,157 in December
  • Semi-detached houses - Up to £692,140 from £688,583 in December
  • Terraced houses - Up to £529,353 from £528,667 in December
  • Flats - Up to £318,241 from £318,059 in December

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How do Redbridge house prices compare to the UK average?

Even when comparing Redbridge to the picture across the UK, the area is far above the UK average with a typical property value in the nations reaching £289,818 in January.

In cash terms, the average house price in January was £17,080 higher than a year earlier with house price growth accelerating to 6.3 per cent in January 2023. Prices were down by -1.1 per cent month on month.

How much could your house be worth?

We have created this map for the London so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Redbridge are the most expensive for average house prices.