£1,158,500
This estimated value is based upon the latest sale price for the house of £950,000 on 15 Feb 2019. 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 |
|---|---|
| £950,000 | 15 Feb 2019 |
| Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 February 2019 the House Price Index for ESSEX was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.947%.Applying this 21.947% change to the original purchase price of £950,000 results in an estimated price of approximately £1,158,500.
| 15 Feb 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.947 % | £950,000 | £208,500 | £1,158,500 |
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 | -17.661 % | £-167,783 | £782,216 |
| 3 Month Average | -13.829 % | £-131,377 | £818,622 |
| 6 Month Average | 2.859 % | £27,162 | £977,162 |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 4 Aug 2018.
The average size of a house on TOMSWOOD ROAD is 270 sq meters (2,908 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Under investigation | On or near Lombardy Close |
| Feb 2024 | Other theft | Under investigation | On or near Stradbroke Drive |
| Jan 2024 | Burglary | Under investigation | On or near Stradbroke Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elderberry Close |
| Dec 2023 | Anti-social behaviour | On or near Elderberry Close |