2, GROVEWOOD PLACE, WOODFORD GREEN, IG8 8PX - £725,000

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.

2 GROVEWOOD PLACE is a small extended detached house of 145m², built sometime between 1991 and 1995, which could now be worth an estimated £829,595. It was last sold for £725,000 in June 2019, which was around 20% below the average June 2019 detached price in the Epping Forest local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was C.

2 GROVEWOOD PLACE Sold Prices

Land registry data shows two sales for 2 GROVEWOOD 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 2 GROVEWOOD 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
2019 28 JUN	£725,000	£907,933	20% below HPI
2006 3 NOV	£482,000	£512,644	6% below HPI

2 GROVEWOOD 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 2 GROVEWOOD PLACE sales from November 2006 and June 2019 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 November 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2019 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 GROVEWOOD PLACE be worth now?

2 GROVEWOOD PLACE might now be worth an estimated £829,595.

This is based on house price inflation of 14.4%, between June 2019 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 14.4% inflationary increase is applied to the most recent sale price for 2 GROVEWOOD PLACE of £725,000 on 28th June 2019. For the value to have increased from £725,000 to £829,595 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 2 GROVEWOOD PLACE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The June 2019 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GROVEWOOD PLACE has not materially changed since June 2019.

How Large is 2 GROVEWOOD PLACE?

2 GROVEWOOD PLACE is 145m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the smallest 30% 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 2 GROVEWOOD PLACE lies on this distribution: 26% of detached houses houses are smaller than 2 GROVEWOOD PLACE, and 74% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

2 GROVEWOOD PLACE: Plot and Title Map

2 GROVEWOOD PLACE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 2 GROVEWOOD 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 2 GROVEWOOD 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 2 GROVEWOOD PLACE?

2 GROVEWOOD PLACE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 2 on GROVEWOOD PLACE.