IG2 7RE is a residential postcode situated on Ley Street, Ilford, IG2 with 7 addresses.
It ranks as the 43rd largest and 109th most expensive of the 384 postcodes in the IG2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 7 properties: 6 houses and 1 flat.
IG2 7RE is a residential postcode situated on Ley Street, Ilford, IG2 with 7 addresses.
It ranks as the 43rd largest and 109th most expensive of the 384 postcodes in the IG2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 7 properties: 6 houses and 1 flat.
Sale prices range from £229,592 for 2 bedroom Leasehold flats (570 ft2) to £450,736 for 3 bedroom freehold houses with a garden (914 ft2) .
Monthly rental prices range from £1,411 pcm for 2 bed flats to £2,284 pcm for 3 bed houses.
The gross rental yield is between 6.1% and 7.4%.
The average value per square foot is £550.
The last sale in IG2 7RE sold for £400,000 on 28th March 2025. Since then prices are down an average of 0.7%.
The current average value in the postcode is £379,738.
The IG2 7RE Sales Market has increased by 17.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.6% | £379,738 |
| April 2025 | 2% | £385,988 |
| April 2024 | -2.4% | £378,269 |
| April 2023 | 2.4% | £387,684 |
| April 2022 | 2.3% | £378,514 |
| April 2021 | 6% | £370,121 |
| April 2020 | 1.1% | £349,324 |
| April 2019 | 0% | £345,373 |
| April 2018 | 0.5% | £345,324 |
| April 2017 | 6.4% | £343,718 |
| April 2016 | 13.2% | £323,084 |
| April 2015 | 15.9% | £285,416 |
| April 2014 | 13.8% | £246,166 |
| April 2013 | 2.2% | £216,320 |
| April 2012 | 3.9% | £211,634 |
| April 2011 | -1.2% | £203,681 |
| April 2010 | 7.4% | £206,186 |
| April 2009 | -14.1% | £191,967 |
| April 2008 | 2% | £223,479 |
| April 2007 | 0% | £219,142 |
The current average rental value in the postcode is £1,968.
The IG2 7RE Rental Market has increased by 47.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.3% | £1,968pcm |
| April 2025 | 3.7% | £1,886pcm |
| April 2024 | 10.1% | £1,819pcm |
| April 2023 | 15.1% | £1,653pcm |
| April 2022 | 5.5% | £1,437pcm |
| April 2021 | 1.8% | £1,361pcm |
| April 2020 | 0.9% | £1,337pcm |
| April 2019 | 1.1% | £1,325pcm |
| April 2018 | -1.6% | £1,311pcm |
| April 2017 | -0.1% | £1,333pcm |
| April 2016 | 5.7% | £1,335pcm |
| April 2015 | 11.5% | £1,263pcm |
| April 2014 | 4.2% | £1,133pcm |
| April 2013 | 5.6% | £1,086pcm |
| April 2012 | 6.5% | £1,029pcm |
| April 2011 | 7.2% | £966pcm |
| April 2010 | 2.2% | £901pcm |
| April 2009 | -5.1% | £881pcm |
| April 2008 | 8.2% | £929pcm |
| April 2007 | 0% | £858pcm |
The last sale was on 28th March 2025 for £400,000 and since then the market in the area has decreased by 0.7%. The postcode has had a total of 13 sales since 1995.
IG2 7RE has seen 1 sale in the last three years and no sales in the last twelve months.
IG2 7RE is the 43rd largest and the 109th most expensive postcode out of the 384 postcodes in the IG2 area.
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The closest station to IG2 7RE is Newbury Park station which is 600 metres away.
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