£695,001
This estimated value is based upon the latest sale price for the house of £340,000 on 9 Apr 2004. This value is then adjusted by the current Official House Price Index for ESSEX 1
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186 MANOR ROAD, Chigwell, IG7 5PZ
Phone: 02034630333
| Price Paid | Date |
|---|---|
| £340,000 | 9 Apr 2004 |
| £130,000 | 27 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 April 2004 the House Price Index for ESSEX was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £340,000 results in an estimated price of approximately £695,001.
| 9 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £340,000 | £355,001 | £695,001 |
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 | 87.528 % | £297,595 | £637,595 |
| 3 Month Average | 59.723 % | £203,058 | £543,058 |
| 6 Month Average | 75.957 % | £258,253 | £598,253 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £761,271 | £750,000 | 9 LECHMERE AVENUE |
| 2 Nov 2023 | £837,398 | £825,000 | 12 FONTAYNE AVENUE |
| 1 Aug 2023 | £781,840 | £775,000 | 6 LECHMERE AVENUE |
| 23 Jun 2023 | £1,249,131 | £1,234,000 | 69 HAINAULT ROAD |
| 22 Mar 2023 | £724,324 | £717,500 | 50 LECHMERE AVENUE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 10 Apr 2019. Using an estimated price of £695,001 means this house is valued at £6,261 per sq meter (£581 per sq foot).
The average size of a house on LECHMERE AVENUE is 121 sq meters (1,309 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fontayne Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near A123 |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near A123 |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stanwyck Drive |
| Mar 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Petrol Station |