11, NEW FOREST LANE, CHIGWELL, IG7 5QN - £1,300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 NEW FOREST LANE is a small detached house of 174m², built sometime between 1930 and 1949, which could now be worth an estimated £1,569,772. It was last sold for £1,300,000 in November 2016, which was around 51% above the average November 2016 detached price in the Epping Forest local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was B.

11 NEW FOREST LANE Sold Prices

Land registry data shows two sales for 11 NEW FOREST LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. Both of the two 11 NEW FOREST LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 2 NOV	£1,300,000	£860,377	51% above HPI
2015 12 NOV	£975,000	£806,232	21% above HPI

11 NEW FOREST LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The two 11 NEW FOREST LANE sales from November 2015 and November 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2015 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the November 2016 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 11 NEW FOREST LANE be worth now?

11 NEW FOREST LANE might now be worth an estimated £1,569,772.

This is based on house price inflation of 20.8%, between November 2016 and February 2025, for detached houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.8% inflationary increase is applied to the most recent sale price for 11 NEW FOREST LANE of £1,300,000 on 2nd November 2016. For the value to have increased from £1,300,000 to £1,569,772 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 11 NEW FOREST LANE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The November 2016 sale price of £1,300,000 represented a fair market value for the property.
• The size, condition, and specification of 11 NEW FOREST LANE has not materially changed since November 2016.

How Large is 11 NEW FOREST LANE?

11 NEW FOREST LANE is 174m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 40% of detached houses houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chigwell, and where 11 NEW FOREST LANE lies on this distribution: 39% of detached houses houses are smaller than 11 NEW FOREST LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

11 NEW FOREST LANE: Plot and Title Map

11 NEW FOREST LANE sits on a plot of roughly 0.224 of an acre, or 906m². The below map shows the location of 11 NEW FOREST LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 11 NEW FOREST LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 11 NEW FOREST LANE?

11 NEW FOREST LANE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 11 on NEW FOREST LANE.