£1,794,089
This estimated value is based upon the latest sale price for the house of £1,551,700 on 18 Dec 2020. 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 |
|---|---|
| £1,551,700 | 18 Dec 2020 |
| Detached |
| Freehold |
| Floor Area: 267 sq meters or 2,873 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 December 2020 the House Price Index for ESSEX was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £1,551,700 results in an estimated price of approximately £1,794,089.
| 18 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £1,551,700 | £242,389 | £1,794,089 |
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 | -15.487 % | £-240,309 | £1,311,390 |
| 3 Month Average | 3.273 % | £50,779 | £1,602,479 |
| 6 Month Average | 3.575 % | £55,474 | £1,607,174 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £1,731,223 | £1,699,999 | 15A STRADBROKE DRIVE |
| 4 Aug 2023 | £1,883,979 | £1,850,000 | 15 STRADBROKE DRIVE |
| 16 Jun 2023 | £1,505,164 | £1,475,000 | 23 CLARENCE GATE |
| 15 Mar 2023 | £4,576,427 | £4,500,000 | 56 MANOR ROAD |
| 17 Jan 2023 | £852,277 | £850,000 | FLAT 2 GAINSBOROUGH HOUSE BRANDESBURY SQUARE |
This house has a floor area of 267 sq meters or 2,873 sq feet when measured on 19 Sep 2018. Using an estimated price of £1,794,090 means this house is valued at £6,719 per sq meter (£624 per sq foot).
The average size of a house on STRADBROKE DRIVE is 526 sq meters (5,668 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near New Forest Lane |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near New Forest Lane |
| Jul 2024 | Anti-social behaviour | On or near Stradbroke Drive | |
| Jul 2024 | Anti-social behaviour | On or near Stradbroke Drive | |
| Jul 2024 | Anti-social behaviour | On or near Stradbroke Drive |