£1,148,324
This estimated value is based upon the latest sale price for the house of £925,000 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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22 High Road, Brook Parade, Chigwell, IG7 6PF
Phone: 02035447943
| Price Paid | Date |
|---|---|
| £925,000 | 31 Oct 2018 |
| £900,000 | 27 Jul 2018 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 October 2018 the House Price Index for ESSEX was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £925,000 results in an estimated price of approximately £1,148,324.
| 31 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £925,000 | £223,324 | £1,148,324 |
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 | -24.016 % | £-222,151 | £702,848 |
| 3 Month Average | 8.815 % | £81,540 | £1,006,540 |
| 6 Month Average | 2.940 % | £27,193 | £952,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £743,883 | £725,000 | 16 DICKENS RISE |
| 23 Aug 2023 | £1,069,286 | £1,050,000 | 24 BARNABY WAY |
| 28 Jan 2022 | £1,288,141 | £1,215,000 | 22 BROOK WAY |
| 28 Sep 2021 | £1,845,468 | £1,700,000 | 12 BROOK WAY |
| 30 Jul 2021 | £897,274 | £775,000 | 9 DICKENS RISE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 7 Oct 2017. Using an estimated price of £1,148,324 means this house is valued at £8,506 per sq meter (£790 per sq foot).
The average size of a house on BROOK WAY is 216 sq meters (2,327 sq feet).
This house is the smallest in the street with a floor area of 135 sq meters (1,453 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Brook Way | |
| Sep 2024 | Anti-social behaviour | On or near Brook Way | |
| Sep 2024 | Public order | Local resolution | On or near Brook Way |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Brook Way |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Brook Way |