2, BROOK WAY, CHIGWELL, IG7 6AA - £1,175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 BROOK WAY is a small extended detached house of 174m², built sometime between 1950 and 1966. It was last sold for £1,175,000 in June 2021, which was around 33% above the average June 2021 detached price in the Epping Forest local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

2 BROOK WAY Sold Prices

Land registry data shows two sales for 2 BROOK WAY 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 2 BROOK WAY 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
2021 24 JUN	£1,175,000	£882,754	33% above HPI
1998 27 MAR	£250,000	£213,566	17% above HPI

2 BROOK WAY 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 2 BROOK WAY sales from March 1998 and June 2021 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 March 1998 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the June 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 2 BROOK WAY?

2 BROOK WAY is 174m², which includes four extensions, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses by size in Chigwell, and where 2 BROOK WAY lies on this distribution: 39% of detached houses are smaller than 2 BROOK WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

2 BROOK WAY: Plot and Title Map

2 BROOK WAY sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of 2 BROOK WAY, 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 2 BROOK WAY). 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 2 BROOK WAY?

2 BROOK WAY is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 2 on BROOK WAY.