Monarch Way - IG2 7NY
Key Postcode Insights
IG2 7NY is a residential postcode situated on Monarch Way, Ilford, IG2 with 28 addresses.
It ranks as the 216th largest and 82nd most expensive of the 384 postcodes in the IG2 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 28 properties: 12 houses and 16 flats.
- Ave. Sale Price
- £417,581
- 10 Year change
- up 14.9%
- Ave. Rental Price
- £2,110pcm
- 10 Year change
- up 40.0%
- Ave. £ per ft²
- £472/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
IG2 7NY is a residential postcode situated on Monarch Way, Ilford, IG2 with 28 addresses.
It ranks as the 216th largest and 82nd most expensive of the 384 postcodes in the IG2 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 28 properties: 12 houses and 16 flats.
- Ave. Sale Price
- £417,581
- 10 Year change
- up 14.9%
- Ave. Rental Price
- £2,110pcm
- 10 Year change
- up 40.0%
- Ave. £ per ft²
- £472/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin IG2 7NY
- 1 Monarch Way
4 Bed Modern House
- 2 Monarch Way
Unknown
- 3 Monarch Way
4 Bed Modern House
- 4 Monarch Way
Unknown
- 5 Monarch Way
5 Bed Modern House
Sales Market Trends
The last sale in IG2 7NY sold for £580,000 on 25th September 2023. Since then prices are up an average of 0.5%.
The current average value in the postcode is £417,581.
The IG2 7NY Sales Market has increased by 14.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.1% | £417,581 |
| June 2025 | 2.1% | £418,019 |
| June 2024 | -1.8% | £409,615 |
| June 2023 | 2.9% | £417,020 |
| June 2022 | 1.5% | £405,370 |
| June 2021 | 4% | £399,198 |
| June 2020 | 3% | £383,720 |
| June 2019 | -0.4% | £372,504 |
| June 2018 | -1% | £374,065 |
| June 2017 | 3.9% | £377,719 |
| June 2016 | 12.9% | £363,454 |
| June 2015 | 14.2% | £321,876 |
| June 2014 | 14.5% | £281,817 |
| June 2013 | 0.8% | £246,042 |
| June 2012 | 2.9% | £244,179 |
| June 2011 | -0.8% | £237,395 |
| June 2010 | 10.9% | £239,299 |
| June 2009 | -11.1% | £215,847 |
| June 2008 | -0.7% | £242,779 |
| June 2007 | 0% | £244,387 |
Rental Market Trends
The current average rental value in the postcode is £2,110.
The IG2 7NY Rental Market has increased by 40.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.2% | £2,110pcm |
| June 2025 | 2.6% | £2,065pcm |
| June 2024 | 8.8% | £2,012pcm |
| June 2023 | 15.7% | £1,849pcm |
| June 2022 | 6.4% | £1,599pcm |
| June 2021 | 0.8% | £1,503pcm |
| June 2020 | 0.6% | £1,491pcm |
| June 2019 | 0.7% | £1,483pcm |
| June 2018 | -0.9% | £1,473pcm |
| June 2017 | -1.4% | £1,487pcm |
| June 2016 | 4.5% | £1,507pcm |
| June 2015 | 10.2% | £1,443pcm |
| June 2014 | 4.3% | £1,309pcm |
| June 2013 | 4.2% | £1,255pcm |
| June 2012 | 5.9% | £1,204pcm |
| June 2011 | 6.5% | £1,137pcm |
| June 2010 | 5% | £1,068pcm |
| June 2009 | -4.1% | £1,016pcm |
| June 2008 | 8.3% | £1,060pcm |
| June 2007 | 0% | £979pcm |
Sales History
The last sale was on 25th September 2023 for £580,000 and since then the market in the area has increased by 0.5%. The postcode has had a total of 42 sales since 1995.
IG2 7NY has seen 2 sales in the last three years and no sales in the last twelve months.
- Sold Sep 2023£580,000 | 4 Bed House1, Monarch Way, Ilford, IG2 7NY1, Monarch Way, Ilford, IG2 7NY
- Sold Jan 2023£635,000 | 5 Bed House8, Monarch Way, Ilford, IG2 7NY8, Monarch Way, Ilford, IG2 7NY
- Sold Jun 2022£245,000 | 1 Bed Flat12, Monarch Way, Ilford, IG2 7NY12, Monarch Way, Ilford, IG2 7NY
- Sold Aug 2020£600,000 | 5 Bed House5, Monarch Way, Ilford, IG2 7NY5, Monarch Way, Ilford, IG2 7NY
- Sold Dec 2019£601,000 | 5 Bed House6, Monarch Way, Ilford, IG2 7NY6, Monarch Way, Ilford, IG2 7NY
Nearby Postcodes
IG2 7NY is the 216th largest and the 82nd most expensive postcode out of the 384 postcodes in the IG2 area.
- IG2 7NZ, Buntingbridge Road, Ilford, IG2IG2 7NZ29 Addresses|58 m away
- IG2 7HR, Monarch Way, Ilford, IG2IG2 7HR81 Addresses|68 m away
- IG2 7HS, Monarch Way, Ilford, IG2IG2 7HS80 Addresses|68 m away
- IG2 7LZ, Abbey Road, Ilford, IG2IG2 7LZ27 Addresses|79 m away
- IG2 7NA, Abbey Road, Ilford, IG2IG2 7NA36 Addresses|86 m away
Property Types
- 10 modern houses built after 1980
- 13 modern flats built after 1980
- 2 mid-century flats built between 1936 and 1979
- 3 other addresses of unknown type
- modern house (10)
- modern flat (13)
- mid-century flat (2)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 25 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (2)
- F (0)
- C (13)
- G (0)
- D (10)
- No EPC (3)
Top 3 Most Expensive Sales
Schools Nearby
- Newbury Park Primary School200 m away
- Aldborough Primary School700 m away
- Downshall Primary School800 m away
- Oaks Park High School400 m away
- The Palmer Catholic Academy1.3 km away
- Valentines High School1.5 km away
More reading links
Public Transport Nearby
The closest station to IG2 7NY is Newbury Park station, which is 200 metres away.
- Newbury Park|200 m away
- Barkingside|1.1 km away
- Seven Kings|1.4 km away
- Gants Hill|1.5 km away
