£1,347,950
This estimated value is based upon the latest sale price for the house of £975,000 on 15 Jan 2016. 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 |
|---|---|
| £975,000 | 15 Jan 2016 |
| Detached |
| Freehold |
| Floor Area: 472 sq meters or 5,080 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 2016 the House Price Index for ESSEX was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £975,000 results in an estimated price of approximately £1,347,950.
| 15 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £975,000 | £372,950 | £1,347,950 |
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 | -14.157 % | £-138,028 | £836,971 |
| 3 Month Average | 24.321 % | £237,130 | £1,212,130 |
| 6 Month Average | 23.780 % | £231,855 | £1,206,855 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jul 2024 | £750,000 | £750,000 | 27 BRACKEN DRIVE |
| 28 Sep 2023 | £1,298,627 | £1,270,000 | 24 BRACKEN DRIVE |
| 14 Sep 2023 | £812,920 | £795,000 | 16 BRACKEN DRIVE |
| 13 Jun 2023 | £806,155 | £790,000 | 13 BRACKEN DRIVE |
| 5 Apr 2023 | £2,751,464 | £2,700,000 | FLAT 5 TAMARA COURT, 46 STRADBROKE DRIVE |
This house has a floor area of 472 sq meters or 5,080 sq feet when measured on 27 Jul 2020. Using an estimated price of £1,347,950 means this house is valued at £2,855 per sq meter (£265 per sq foot).
The average size of a house on MANOR ROAD is 224 sq meters (2,412 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Manor Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Petrol Station |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Petrol Station |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |