17, ELY PLACE, WOODFORD GREEN, IG8 8AG - £460,000

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.

17 ELY PLACE is a very small detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £954,327. It was last sold for £460,000 in July 2009, which was around 8% below the average July 2009 detached price in the Epping Forest local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

17 ELY PLACE Sold Prices

Land registry data shows two sales for 17 ELY PLACE 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 17 ELY PLACE sales were for below 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
2009 10 JUL	£460,000	£500,775	8% below HPI
2006 18 JUL	£430,000	£506,173	15% below HPI

17 ELY PLACE 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 17 ELY PLACE sales from July 2006 and July 2009 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 July 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2009 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 17 ELY PLACE be worth now?

17 ELY PLACE might now be worth an estimated £954,327.

This is based on house price inflation of 107.5%, between July 2009 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 107.5% inflationary increase is applied to the most recent sale price for 17 ELY PLACE of £460,000 on 10th July 2009. For the value to have increased from £460,000 to £954,327 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 17 ELY PLACE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The July 2009 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 17 ELY PLACE has not materially changed since July 2009.

How Large is 17 ELY PLACE?

17 ELY PLACE is 114m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 20% 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 17 ELY PLACE lies on this distribution: 12% of detached houses houses are smaller than 17 ELY PLACE, and 88% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

17 ELY PLACE: Plot and Title Map

17 ELY PLACE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 17 ELY PLACE, 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 17 ELY PLACE). 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 17 ELY PLACE?

17 ELY PLACE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 17 on ELY PLACE.