£3,244,541
This estimated value is based upon the latest sale price for the house of £3,000,000 on 9 Nov 2021. This value is then adjusted by the current Official House Price Index for ESSEX 1
There has been one burglary within the last year on or near Hatch Side
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116 High Road, Chigwell, IG7 5BJ
Phone: 02036417907
| Price Paid | Date |
|---|---|
| £3,000,000 | 9 Nov 2021 |
| £1,950,000 | 2 Sep 2016 |
| Detached |
| Freehold |
| Floor Area: 357 sq meters or 3,842 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 November 2021 the House Price Index for ESSEX was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £3,000,000 results in an estimated price of approximately £3,244,541.
| 9 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £3,000,000 | £244,541 | £3,244,541 |
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 | -55.381 % | £-1,661,438 | £1,338,561 |
| 3 Month Average | -27.267 % | £-818,024 | £2,181,975 |
| 6 Month Average | -31.832 % | £-954,954 | £2,045,045 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jun 2023 | £762,233 | £753,000 | 24 EMMAUS WAY |
| 4 Mar 2022 | £663,208 | £640,000 | 29 ELY PLACE |
| 18 Feb 2022 | £3,146,083 | £3,000,000 | 37 FOREST LANE |
| 9 Nov 2021 | £3,244,542 | £3,000,000 | 11 FOREST LANE |
| 25 Jun 2021 | £1,716,679 | £1,600,000 | 33 FOREST LANE |
This house has a floor area of 357 sq meters or 3,842 sq feet when measured on 2 Dec 2014. Using an estimated price of £3,244,542 means this house is valued at £9,088 per sq meter (£844 per sq foot).
The average size of a house on FOREST LANE is 320 sq meters (3,449 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Hatch Side |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hatch Side |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Forest Lane |
| Mar 2024 | Burglary | Under investigation | On or near Forest Lane |
| Dec 2023 | Burglary | Under investigation | On or near Forest Lane |