16, NEW FOREST LANE, CHIGWELL, IG7 5QN - £913,000

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 NEW FOREST LANE is a large extended detached house of 242m², built sometime between 1930 and 1949, which could now be worth an estimated £1,644,146. It was last sold for £913,000 in May 2010, which was around 58% above the average May 2010 detached price in the Epping Forest local authority area. The most recent EPC inspection was April 2009, where the current energy rating was F, and the potential energy rating was E.

16 NEW FOREST LANE Sold Prices

Land registry data shows three sales for 16 NEW FOREST LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. All of the three 16 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
2010 19 MAY	£913,000	£576,916	58% above HPI
2007 14 JAN	£800,000	£512,897	56% above HPI
1998 24 FEB	£495,000	£222,224	123% above HPI

16 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 three 16 NEW FOREST LANE sales between February 1998 and May 2010 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 January 2007 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the May 2010 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 16 NEW FOREST LANE be worth now?

16 NEW FOREST LANE might now be worth an estimated £1,644,146.

This is based on house price inflation of 80.1%, between May 2010 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 80.1% inflationary increase is applied to the most recent sale price for 16 NEW FOREST LANE of £913,000 on 19th May 2010. For the value to have increased from £913,000 to £1,644,146 over the fifteen years and three months to February 2025, the following assumptions must hold true:

• The value of 16 NEW FOREST LANE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The May 2010 sale price of £913,000 represented a fair market value for the property.
• The size, condition, and specification of 16 NEW FOREST LANE has not materially changed since May 2010.

How Large is 16 NEW FOREST LANE?

16 NEW FOREST LANE is 242m², which includes one extension, according to the EPC inspection conducted in April 2009. This puts it in the largest 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 16 NEW FOREST LANE lies on this distribution: 63% of detached houses houses are smaller than 16 NEW FOREST LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

16 NEW FOREST LANE: Plot and Title Map

16 NEW FOREST LANE sits on a plot of roughly 0.172 of an acre, or 697m². The below map shows the location of 16 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 16 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 16 NEW FOREST LANE?

16 NEW FOREST LANE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 16 on NEW FOREST LANE.