For 2016 details - Redbridge Property Market 2016
Story Highlights
- Redbridge had total Property Sales of £1.44 billions in 2015
- The total number of properties sold in year 2015 was 3664
- The Average property price was £393 K while Median was £345 K
- Not New Property contributed 96.78% by value and New Property 3.22%
Total Sales By Property Type
Redbridge is one of the Boroughs of East London. It had total Property Sales of £1.44 billions which was 8.81% of East London Property Market 2015.
The split across the different property types are:
- Terraced £622 millions (43.19%)
- Semi-Detached £315 millions (21.87%)
- Other £68 millions (4.69%)
- Flat/Maisonette £307 millions (21.28%)
- Detached £129 millions (8.97%).
Total No Of Properties Sold By Property Type
In Redbridge the total number of properties sold in year 2015 was 3664. The breakdown by different property types are:
- Terraced 1535 (41.89%)
- Semi-Detached 634 (17.3%)
- Other 53 (1.45%)
- Flat/Maisonette 1261 (34.42%)
- Detached 181 (4.94%).
Average & Median Sales Price
In 2015 the Average property price was £393 K in Redbridge. The average price for the different property types are:
- Detached £714 K
- Flat/Maisonette £243 K
- Other £1.28 millions
- Semi-Detached £497 K
- Terraced £406 K.
The Median Price was £345 K. The median property price for the different property types are:
- Detached £620 K
- Flat/Maisonette £230 K
- Other £485 K
- Semi-Detached £447 K
- Terraced £375 K.
New Vs Not New Property Statistics
By Value Of Sales
- Not New Property contributed £1.4 billion (96.78%)
- New Property 46 millions (3.22%) giving combined total of £1.44 billions.
By Number Of Sales
- The number of Not New Property sold was 3536 (96.51%)
- The number of New Properties sold was 128 (3.49%) giving combined total of 3664.
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