£870,615
This estimated value is based upon the latest sale price for the house of £499,999 on 31 Jul 2013. 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 |
---|---|
£499,999 | 31 Jul 2013 |
£348,500 | 5 Aug 2005 |
£141,400 | 23 May 1997 |
Semi-Detached |
Freehold |
Floor Area: 108 sq meters or 1,162 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 July 2013 the House Price Index for ESSEX was 59.9.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 74.124%.Applying this 74.124% change to the original purchase price of £499,999 results in an estimated price of approximately £870,615.
31 Jul 2013 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
59.9 | 104.3 | 74.124 % | £499,999 | £370,616 | £870,615 |
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 | 123.917 % | £619,584 | £1,119,583 |
3 Month Average | 60.814 % | £304,069 | £804,068 |
6 Month Average | 67.197 % | £335,983 | £835,982 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Feb 2025 | £736,295 | £725,000 | 26 ST MARYS WAY |
15 Jun 2023 | £797,339 | £753,000 | 24 EMMAUS WAY |
26 May 2023 | £842,668 | £795,000 | 22 ELY PLACE |
15 May 2023 | £741,972 | £700,000 | 34 FOREST AVENUE |
6 Apr 2023 | £2,009,838 | £1,900,000 | 6 TOMSWOOD ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 13 Jun 2013. Using an estimated price of £870,616 means this house is valued at £8,061 per sq meter (£748 per sq foot).
The average size of a house on ELY PLACE is 122 sq meters (1,319 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Emmaus Way |
Feb 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Forest Lane |
Mar 2025 | Burglary | Under investigation | On or near New Forest Lane |
Mar 2025 | Burglary | Under investigation | On or near New Forest Lane |
Feb 2025 | Burglary | Under investigation | On or near New Forest Lane |