16, FAIRVIEW CLOSE, CHIGWELL, IG7 6HW - £582,000

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.

16 FAIRVIEW CLOSE is a small extended semi-detached house of 121m², built sometime between 1930 and 1949, which could now be worth an estimated £759,500. It was last sold for £582,000 in October 2016, which was around 10% above the average October 2016 semi-detached price in the Redbridge local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

16 FAIRVIEW CLOSE Sold Prices

Land registry data shows four sales for 16 FAIRVIEW CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Redbridge local authority area for the corresponding sale date. All of the four 16 FAIRVIEW CLOSE 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 31 OCT	£582,000	£528,355	10% above HPI
2012 23 AUG	£411,000	£351,150	17% above HPI
2007 5 APR	£372,500	£323,720	15% above HPI
2003 21 JAN	£297,500	£252,500	18% above HPI

16 FAIRVIEW CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redbridge local authority area over time, sourced from the HPI. The four 16 FAIRVIEW CLOSE sales between January 2003 and October 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 August 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2016 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 16 FAIRVIEW CLOSE be worth now?

16 FAIRVIEW CLOSE might now be worth an estimated £759,500.

This is based on house price inflation of 30.5%, between October 2016 and February 2025, for semi-detached houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.5% inflationary increase is applied to the most recent sale price for 16 FAIRVIEW CLOSE of £582,000 on 31st October 2016. For the value to have increased from £582,000 to £759,500 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 FAIRVIEW CLOSE has moved in line with the HPI for semi-detached houses in the Redbridge local authority area.
• The October 2016 sale price of £582,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FAIRVIEW CLOSE has not materially changed since October 2016.

How Large is 16 FAIRVIEW CLOSE?

16 FAIRVIEW CLOSE is 121m², which includes two extensions, according to the EPC inspection conducted in May 2011. This puts it in the smallest 40% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 16 FAIRVIEW CLOSE lies on this distribution: 35% of semi-detached houses houses are smaller than 16 FAIRVIEW CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in London.

16 FAIRVIEW CLOSE: Plot and Title Map

16 FAIRVIEW CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 16 FAIRVIEW CLOSE, 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 16 FAIRVIEW CLOSE). 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 16 FAIRVIEW CLOSE?

16 FAIRVIEW CLOSE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 16 on FAIRVIEW CLOSE.