£1,598,980
This estimated value is based upon the latest sale price for the house of £349,500 on 2 Nov 1998. 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 |
---|---|
£349,500 | 2 Nov 1998 |
£280,000 | 22 Oct 1997 |
Detached |
Freehold |
Floor Area: 209 sq meters or 2,249 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 November 1998 the House Price Index for ESSEX was 32.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 357.505%.Applying this 357.505% change to the original purchase price of £349,500 results in an estimated price of approximately £1,598,980.
2 Nov 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 146.7 | 357.505 % | £349,500 | £1,249,480 | £1,598,980 |
The Postcode Pricing Model uses changes in average sales price within the IG7 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 | 351.879 % | £1,229,816 | £1,579,316 |
3 Month Average | 250.006 % | £873,772 | £1,223,272 |
6 Month Average | 272.786 % | £953,387 | £1,302,887 |
This house has a floor area of 209 sq meters or 2,249 sq feet when measured on 3 Jun 2016.
The average size of a house on GREAT OWL ROAD is 320 sq meters (3,454 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Great Owl Road |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coolgardie Avenue |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Coolgardie Avenue |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coolgardie Avenue |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coolgardie Avenue |