2, FOREST LANE, CHIGWELL, IG7 5AE - £1,477,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 FOREST LANE is a very large detached house of 316m², built sometime between 1950 and 1966. It was last sold for £1,477,500 in November 2015, which was around 91% above the average November 2015 detached price in the Epping Forest local authority area. The most recent EPC inspection was October 2014, where the current energy rating was F, and the potential energy rating was C.

2 FOREST LANE Sold Prices

Land registry data shows two sales for 2 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 2 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
2015 17 NOV	£1,477,500	£772,201	91% above HPI
2015 12 MAY	£1,200,000	£689,984	74% above HPI

2 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 2 FOREST LANE sales from May 2015 and November 2015 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 May 2015 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the November 2015 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

How Large is 2 FOREST LANE?

2 FOREST LANE is 316m² according to the EPC inspection conducted in October 2014. This puts it in the largest 20% 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 FOREST LANE lies on this distribution: 80% of detached houses are smaller than 2 FOREST LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

2 FOREST LANE: Plot and Title Map

2 FOREST LANE sits on a plot of roughly 0.247 of an acre, or 999m². The below map shows the location of 2 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 2 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 2 FOREST LANE?

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