£300,010
This estimated value is based upon the latest sale price for the house of £295,000 on 3 Mar 2023. This value is then adjusted by the current Official House Price Index for ESSEX 1
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116 High Road, Chigwell, IG7 5BJ
Phone: 02036417907
| Price Paid | Date |
|---|---|
| £295,000 | 3 Mar 2023 |
| £180,000 | 17 Sep 2012 |
| £167,500 | 22 May 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in March 2023 the House Price Index for ESSEX was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £295,000 results in an estimated price of approximately £300,010.
| 3 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £295,000 | £5,010 | £300,010 |
The Postcode Pricing Model uses changes in average sales price within the IG8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 26.977 % | £79,583 | £374,583 |
| 3 Month Average | 0.336 % | £992 | £295,992 |
| 6 Month Average | -6.093 % | £-17,974 | £277,025 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2024 | £505,000 | £505,000 | 8 BRUNEL ROAD |
| 28 Mar 2024 | £568,738 | £560,000 | 31 BRUNEL ROAD |
| 30 Mar 2023 | £284,755 | £280,000 | 5 ELM COURT LOVE LANE |
| 3 Mar 2023 | £300,010 | £295,000 | 1 LOVE LANE |
| 6 Jan 2023 | £285,764 | £285,000 | 10 ELM COURT LOVE LANE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 11 Apr 2012. Using an estimated price of £300,010 means this house is valued at £5,263 per sq meter (£488 per sq foot).
The average size of a house on LOVE LANE is 87 sq meters (940 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Love Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Love Lane |
| Sep 2024 | Other crime | Under investigation | On or near Love Lane |