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Hainault House Prices Hainault House Prices

The average house price in Hainault is £354,800 using HM Land Registry data.

The average property price increased by £84,837 (24.32%) over the last 5 years and increased by £16,955 (4.07%) over the last 12 months.

Over the last year, there were 86 residential property sales – a decrease of 31 transactions (-36.05%) relative to the previous year. The majority of house sales (20) were in the £390,000 - £450,000 range. Then came properties in the £450,000 - £510,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,090 (-1%).

In April 2024, there were 27 new estate agency instructions, 9 agreed home sales and 13 property price reductions.

Neighbouring Areas: Ilford, Havering, Chadwell Heath

Postcodes Covered: IG6, IG7

5-Year Average Property Prices in Hainault

24.32%

Property prices in Hainault increased by 24.32% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Hainault Over the Last Year

4.07%

Property prices in Hainault increased by 4.07% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Hainault - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Hainault

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Hainault

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Hainault

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Hainault since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Hainault area since 1995.

Recent Property Sales in Hainault

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
91 Burrow Road, Hainault, Chigwell, Greater London, IG7 4NL£400,000£400,000£0012 Aug 202315 Mar 2024216 Days
317 New North Road, Ilford, Greater London, IG6 3DS£525,000£520,000-£5,00015 Aug 202323 Jan 2024161 Days
22 Stevens Way, Chigwell, Greater London, IG7 6HR£550,000£530,000-£20,00017 Jul 202322 Jan 2024189 Days
103 Clinton Crescent, Ilford, Greater London, IG6 3AW£474,995£474,995£0003 Mar 202324 Nov 2023266 Days
170 Arrowsmith Road, Chigwell, Greater London, IG7 4NZ£390,000£385,000-£5,00028 Jun 202310 Nov 2023135 Days
3 Merlin Close, Ilford, Greater London, IG6 3XL£230,000£225,000-£5,00028 Apr 202306 Nov 2023192 Days
11 Branch Road, Hainault, Ilford, Greater London, IG6 3TL£425,000£395,000-£30,00004 May 202213 Oct 2023527 Days
311 New North Road, Ilford, Greater London, IG6 3DS£450,000£450,000£0031 May 202305 Oct 2023127 Days
104 Brocket Way, Chigwell, Greater London, IG7 4EX£550,000£537,500-£12,50012 May 202329 Sep 2023140 Days
13 Hawkesbury Close, Ilford, Greater London, IG6 3XQ£300,000£298,000-£2,00031 Jan 202315 Sep 2023227 Days
61 Huntsman Road, Ilford, Greater London, IG6 3SX£450,000£445,000-£5,00009 Feb 202308 Sep 2023211 Days
6 Fawn Road, Chigwell, Greater London, IG7 4HG£475,000£475,000£0018 Feb 202307 Sep 2023201 Days
94 Clinton Crescent, Ilford, Greater London, IG6 3AW£600,000£600,000£0001 Feb 202301 Sep 2023212 Days
15 Longport Close, Ilford, Greater London, IG6 3EF£575,000£560,000-£15,00017 Jan 202331 Aug 2023226 Days
49 Tine Road, Chigwell, Greater London, IG7 4HW£375,000£370,000-£5,00028 Feb 202317 Aug 2023170 Days
18 Newcastle Avenue, Ilford, Greater London, IG6 3EE£475,000£465,000-£10,00009 Mar 202304 Aug 2023148 Days
28 Dryden Close, Ilford, Greater London, IG6 3EA£300,000£290,000-£10,00013 Feb 202317 Jul 2023154 Days
8 Tunstall Avenue, Ilford, Greater London, IG6 3EG£475,000£470,000-£5,00025 Feb 202303 Jul 2023128 Days
15 Manford Way, Chigwell, Greater London, IG7 4JH£750,000£730,000-£20,00009 Feb 202330 Jun 2023141 Days
62 Tine Road, Chigwell, Greater London, IG7 4HN£500,000£480,000-£20,00023 Feb 202328 Jun 2023125 Days

Most Expensive Streets in Hainault

PostcodeStreetAreaAverageNo. of Sales
IG7 4QTTercel PathChigwell£661,6663
IG7 6NGThe FriarsChigwell£627,2857
IG7 4JHManford WayChigwell£591,9993
IG7 6HURowland CrescentChigwell£574,4005
IG7 6HRStevens WayChigwell£550,0003
IG7 6NQThe AcornsChigwell£541,0005
IG6 3EENewcastle AvenueIlford£509,8754
IG6 3AWClinton CrescentIlford£499,5707
IG7 4EXBrocket WayChigwell£493,5005
IG6 3AHClinton CrescentIlford£492,0006

Least Expensive Streets in Hainault

PostcodeStreetAreaAverageNo. of Sales
IG6 3XLMerlin CloseIlford£201,6663
IG7 4LPLowe CloseChigwell£230,8005
IG6 3ERKielder CloseIlford£249,0003
IG7 4ABManford CrossChigwell£272,9166
IG6 3ELNew North RoadIlford£280,6663
IG7 4QYThe RidingsChigwell£286,5006
IG6 3EADryden CloseIlford£289,1705
IG7 4BAWanti TerraceChigwell£294,90616
IG7 4NDBearing WayChigwell£319,0003
IG6 3BACovert RoadIlford£320,0005

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