24, GROVEWOOD PLACE, WOODFORD GREEN, IG8 8PX - £335,000

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.

24 GROVEWOOD PLACE is a very small detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £837,573. It was last sold for £335,000 in September 2002, which was around 19% below the average September 2002 detached price in the Epping Forest local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

24 GROVEWOOD PLACE Sold Prices

Land registry data shows two sales for 24 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 24 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
2002 9 SEP	£335,000	£415,532	19% below HPI
1996 28 JUN	£169,000	£172,260	2% below HPI

24 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 24 GROVEWOOD PLACE sales from June 1996 and September 2002 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 June 1996 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2002 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 24 GROVEWOOD PLACE be worth now?

24 GROVEWOOD PLACE might now be worth an estimated £837,573.

This is based on house price inflation of 150%, between September 2002 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 150% inflationary increase is applied to the most recent sale price for 24 GROVEWOOD PLACE of £335,000 on 9th September 2002. For the value to have increased from £335,000 to £837,573 over the 23 years and seven months to February 2025, the following assumptions must hold true:

• The value of 24 GROVEWOOD PLACE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The September 2002 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GROVEWOOD PLACE has not materially changed since September 2002.

How Large is 24 GROVEWOOD PLACE?

24 GROVEWOOD PLACE is 115m² according to the EPC inspection conducted in November 2012. 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 24 GROVEWOOD PLACE lies on this distribution: 12% of detached houses houses are smaller than 24 GROVEWOOD PLACE, and 88% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

24 GROVEWOOD PLACE: Plot and Title Map

24 GROVEWOOD PLACE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 24 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 24 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 24 GROVEWOOD PLACE?

24 GROVEWOOD PLACE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 24 on GROVEWOOD PLACE.