£1,487,534
This estimated value is based upon the latest sale price for the house of £1,130,000 on 25 Jan 2017. 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 |
|---|---|
| £1,130,000 | 25 Jan 2017 |
| Detached |
| Freehold |
| Floor Area: 198 sq meters or 2,131 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 January 2017 the House Price Index for ESSEX was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £1,130,000 results in an estimated price of approximately £1,487,534.
| 25 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £1,130,000 | £357,534 | £1,487,534 |
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 | -14.780 % | £-167,016 | £962,983 |
| 3 Month Average | -1.624 % | £-18,353 | £1,111,646 |
| 6 Month Average | 9.926 % | £112,167 | £1,242,167 |
| 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 |
| 10 Nov 2020 | £1,751,903 | £1,500,000 | 46 CHIGWELL RISE |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 8 Jun 2016. Using an estimated price of £1,487,534 means this house is valued at £7,512 per sq meter (£697 per sq foot).
The average size of a house on CHESTER ROAD is 228 sq meters (2,459 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Great Owl Road |