£1,157,283
This estimated value is based upon the latest sale price for the house of £605,000 on 14 Oct 2004. 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 |
|---|---|
| £605,000 | 14 Oct 2004 |
| £235,000 | 19 Mar 1997 |
| Detached |
| Freehold |
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 October 2004 the House Price Index for ESSEX was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £605,000 results in an estimated price of approximately £1,157,283.
| 14 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £605,000 | £552,283 | £1,157,283 |
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 | 42.944 % | £259,811 | £864,811 |
| 3 Month Average | 77.184 % | £466,963 | £1,071,963 |
| 6 Month Average | 95.936 % | £580,412 | £1,185,412 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £1,124,795 | £1,100,000 | 35 CHESTER ROAD |
| 18 Feb 2022 | £1,341,701 | £1,270,000 | 30 CHESTER ROAD |
| 28 Jan 2022 | £1,288,141 | £1,215,000 | 22 BROOK WAY |
| 15 Dec 2021 | £1,376,118 | £1,275,000 | 1 GREAT OWL ROAD |
| 25 Jun 2021 | £2,161,733 | £2,000,000 | 26 BROOK WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Great Owl Road |
| Oct 2024 | Other crime | Awaiting court outcome | On or near Chigwell Rise |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chigwell Rise |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chigwell Rise |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chigwell Rise |