IG8 8RJ is a residential postcode situated on Richmond Drive, Woodford Green, IG8 with 18 addresses.
It ranks as the 353rd largest and 323rd most expensive of the 716 postcodes in the IG8 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 18 properties: 18 flats.
IG8 8RJ is a residential postcode situated on Richmond Drive, Woodford Green, IG8 with 18 addresses.
It ranks as the 353rd largest and 323rd most expensive of the 716 postcodes in the IG8 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 18 properties: 18 flats.
Sale prices range from £423,315 for 2 bedroom leasehold flats (656 ft2) to £726,958 for 3 bedroom leasehold flats (1,474 ft2) .
Monthly rental prices range from £1,804 pcm for 2 bed flats to £2,715 pcm for 3 bed flats.
The gross rental yield is between 4.5% and 5.1%.
The average value per square foot is £556.
The last sale in IG8 8RJ sold for £690,000 on 25th October 2024. Since then prices are down an average of 1.5%.
The current average value in the postcode is £572,129.
The IG8 8RJ Sales Market has increased by 8.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1% | £572,129 |
| April 2025 | 2% | £578,062 |
| April 2024 | -1.5% | £566,853 |
| April 2023 | 0.6% | £575,493 |
| April 2022 | 2.8% | £572,329 |
| April 2021 | 2.4% | £556,806 |
| April 2020 | 1.5% | £543,763 |
| April 2019 | -0.4% | £535,642 |
| April 2018 | 0.4% | £537,951 |
| April 2017 | 1.9% | £535,943 |
| April 2016 | 12.8% | £526,036 |
| April 2015 | 12.9% | £466,480 |
| April 2014 | 13.8% | £413,246 |
| April 2013 | 4.4% | £363,147 |
| April 2012 | 0.2% | £347,815 |
| April 2011 | -1.2% | £347,275 |
| April 2010 | 9.1% | £351,387 |
| April 2009 | -13.1% | £322,066 |
| April 2008 | 2.9% | £370,812 |
| April 2007 | 0% | £360,501 |
The current average rental value in the postcode is £2,277.
The IG8 8RJ Rental Market has increased by 29.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.2% | £2,277pcm |
| April 2025 | 1.4% | £2,207pcm |
| April 2024 | 10.2% | £2,176pcm |
| April 2023 | 10.7% | £1,974pcm |
| April 2022 | 4.6% | £1,783pcm |
| April 2021 | 0% | £1,705pcm |
| April 2020 | 1.1% | £1,706pcm |
| April 2019 | 0.4% | £1,686pcm |
| April 2018 | -1.7% | £1,680pcm |
| April 2017 | -2.7% | £1,710pcm |
| April 2016 | 3.1% | £1,757pcm |
| April 2015 | 9.3% | £1,704pcm |
| April 2014 | 7.5% | £1,559pcm |
| April 2013 | 1.2% | £1,450pcm |
| April 2012 | 8.2% | £1,433pcm |
| April 2011 | 4.1% | £1,324pcm |
| April 2010 | 3.4% | £1,273pcm |
| April 2009 | -4.6% | £1,231pcm |
| April 2008 | 9.3% | £1,290pcm |
| April 2007 | 0% | £1,180pcm |
The last sale was on 25th October 2024 for £690,000 and since then the market in the area has decreased by 1.5%. The postcode has had a total of 49 sales since 1995.
IG8 8RJ has seen 1 sale in the last three years and no sales in the last twelve months.
IG8 8RJ is the 353rd largest and the 323rd most expensive postcode out of the 716 postcodes in the IG8 area.
Be the first Estate
Agent here!
The closest station to IG8 8RJ is Hainault station which is 1.6 kilometres away.
Be the first Estate
Agent here!