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Revealed: How much homes in Redbridge increase in value each day

PUBLISHED: 10:00 03 March 2017

Work is set to begin on 148 new council houses in Redbridge.

Work is set to begin on 148 new council houses in Redbridge.

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Redbridge house prices have risen £79 a day during the past five years according to a recent survey by a prominent estate agents.

The statistics, published by Savills, also revealed that the borough’s average house price sat at £404,344 by the end of December.

While still good news for the borough’s homeowners, £79 was the seventh smallest daily increase of all London boroughs, with the cross-capital average standing at £105 a day.

Neighbouring Barking and Dagenham posted the smallest daily increase of £69, while Havering’s £71 a day was the second poorest.

Somewhat unsurpisingly, the west London borough of Kensington and Chelsea was found to be the most profitable – houses their gained £218 in value each day.

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