# IG4 5EL Area Summary
The IG4 5EL postcode falls within the Ilford area of the London Borough of Redbridge in East London. With 72 properties analysed and an average price of £120,324, this area presents a notably affordable entry point compared to Greater London averages. This pricing level suggests a predominance of flats and smaller properties, or properties requiring modernisation, making it particularly attractive to first-time buyers and property investors seeking rental opportunities in an established London suburb.
The area benefits from Ilford's excellent transport connections, with Zone 4 location providing access to central London via the Elizabeth Line (Crossrail) and other rail services. The locality offers a diverse community with good local amenities, including shopping facilities at The Exchange Ilford and Valentines Park nearby. The relatively low average property price in this specific postcode area indicates strong potential for capital growth as Redbridge continues to benefit from ongoing regeneration and improved transport infrastructure, though buyers should conduct thorough due diligence on individual properties given the below-market pricing which may reflect property condition or leasehold considerations.
--- *Based on analysis of 72 properties in IG4 5EL*
The average house price in IG4 5EL, Ilford is £120,324. Prices range from £58,000 to £250,000.
There are 72 properties in IG4 5EL, Ilford.
IG4 5EL contains 71 flat / maisonette properties, 1 terraced properties.
Average house prices in IG4 5EL have risen by 240.4% from £73,438 in 1995 to £250,000 in 2024.
IG4 5EL is located in Ilford, Greater London, England.