251, FENCEPIECE ROAD, CHIGWELL, IG7 5DX - £740,000

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

251 FENCEPIECE ROAD is a very small extended detached house of 118m², built sometime between 1950 and 1966. It was last sold for £740,000 in June 2021, which was around 16% below the average June 2021 detached price in the Epping Forest local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

251 FENCEPIECE ROAD Sold Prices

Land registry data shows three sales for 251 FENCEPIECE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. All of the three 251 FENCEPIECE ROAD 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
2021 25 JUN	£740,000	£882,754	16% below HPI
2017 15 SEP	£645,000	£868,593	26% below HPI
2000 28 FEB	£240,000	£266,307	10% below HPI

251 FENCEPIECE ROAD 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 three 251 FENCEPIECE ROAD sales between February 2000 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 September 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 251 FENCEPIECE ROAD?

251 FENCEPIECE ROAD is 118m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 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 251 FENCEPIECE ROAD lies on this distribution: 14% of detached houses are smaller than 251 FENCEPIECE ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

251 FENCEPIECE ROAD: Plot and Title Map

251 FENCEPIECE ROAD sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 251 FENCEPIECE ROAD, 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 251 FENCEPIECE ROAD). 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 251 FENCEPIECE ROAD?

251 FENCEPIECE ROAD is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 251 on FENCEPIECE ROAD.