£891,859
This estimated value is based upon the latest sale price for the house of £200,000 on 11 Feb 1999. 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 |
|---|---|
| £200,000 | 11 Feb 1999 |
| £265,000 | 10 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 234 sq meters or 2,518 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 1999 the House Price Index for ESSEX was 32.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 345.930%.Applying this 345.930% change to the original purchase price of £200,000 results in an estimated price of approximately £891,859.
| 11 Feb 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.9 | 146.7 | 345.930 % | £200,000 | £691,859 | £891,859 |
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 | 254.250 % | £508,499 | £708,499 |
| 3 Month Average | 192.418 % | £384,835 | £584,835 |
| 6 Month Average | 257.695 % | £515,389 | £715,389 |
This house has a floor area of 234 sq meters or 2,518 sq feet when measured on 17 May 2016.
The average size of a house on GREAT OWL ROAD is 320 sq meters (3,454 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Great Owl Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coolgardie Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coolgardie Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coolgardie Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Coolgardie Avenue |