£963,708
This estimated value is based upon the latest sale price for the house of £780,000 on 7 Nov 2019. This value is then adjusted by the current Official House Price Index for ESSEX 1
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186 MANOR ROAD, Chigwell, IG7 5PZ
Phone: 02034630333
| Price Paid | Date |
|---|---|
| £780,000 | 7 Nov 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 142 sq meters or 1,528 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 2019 the House Price Index for ESSEX was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £780,000 results in an estimated price of approximately £963,708.
| 7 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £780,000 | £183,708 | £963,708 |
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 | 4.217 % | £32,893 | £812,893 |
| 3 Month Average | 34.745 % | £271,007 | £1,051,007 |
| 6 Month Average | 10.262 % | £80,039 | £860,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £769,534 | £750,000 | 9 LECHMERE AVENUE |
| 2 Nov 2023 | £846,487 | £825,000 | 12 FONTAYNE AVENUE |
| 1 Aug 2023 | £789,235 | £775,000 | 6 LECHMERE AVENUE |
| 22 Mar 2023 | £729,686 | £717,500 | 50 LECHMERE AVENUE |
| 26 Jul 2022 | £1,686,903 | £1,670,000 | 128 MANOR ROAD |
This house has a floor area of 142 sq meters or 1,528 sq feet when measured on 25 Jul 2019. Using an estimated price of £963,709 means this house is valued at £6,786 per sq meter (£630 per sq foot).
The average size of a house on LECHMERE AVENUE is 121 sq meters (1,309 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Stanwyck Drive |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stanwyck Drive |