£988,436
This estimated value is based upon the latest sale price for the house of £535,000 on 15 Feb 2005. 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 |
---|---|
£535,000 | 15 Feb 2005 |
£340,000 | 19 May 1998 |
£280,000 | 21 Feb 1996 |
Detached |
Freehold |
Floor Area: 211 sq meters or 2,271 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 February 2005 the House Price Index for ESSEX was 79.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 84.755%.Applying this 84.755% change to the original purchase price of £535,000 results in an estimated price of approximately £988,436.
15 Feb 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.4 | 146.7 | 84.755 % | £535,000 | £453,436 | £988,436 |
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 | 128.524 % | £687,602 | £1,222,602 |
3 Month Average | 149.054 % | £797,438 | £1,332,438 |
6 Month Average | 120.511 % | £644,732 | £1,179,732 |
This house has a floor area of 211 sq meters or 2,271 sq feet when measured on 5 Mar 2021.
The average size of a house on GROVEWOOD PLACE is 162 sq meters (1,748 sq feet).
This house is the largest in the street with a floor area of 211 sq meters (2,271 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Public order | Under investigation | On or near Grovewood Place |
Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near B173 |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near B173 |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Love Lane |
Dec 2023 | Anti-social behaviour | On or near Brunel Road |