3, FAIRVIEW CLOSE, CHIGWELL, IG7 6HW - £650,000

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

3 FAIRVIEW CLOSE is a midsized extended detached house of 138m², built sometime between 1950 and 1966. It was last sold for £650,000 in August 2014, which was around 2% above the average August 2014 detached price in the Redbridge local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

3 FAIRVIEW CLOSE Sold Prices

Land registry data shows three sales for 3 FAIRVIEW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. The three 3 FAIRVIEW CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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
2014 1 AUG	£650,000	£636,849	2% above HPI
2006 10 FEB	£450,000	£450,769	Close to HPI
2005 18 APR	£315,000	£434,902	28% below HPI

3 FAIRVIEW CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The three 3 FAIRVIEW CLOSE sales between April 2005 and August 2014 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 February 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2014 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 3 FAIRVIEW CLOSE?

3 FAIRVIEW CLOSE is 138m², which includes three extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 3 FAIRVIEW CLOSE lies on this distribution: 46% of detached houses are smaller than 3 FAIRVIEW CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in London.

3 FAIRVIEW CLOSE: Plot and Title Map

3 FAIRVIEW CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 3 FAIRVIEW CLOSE, 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 3 FAIRVIEW CLOSE). 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 3 FAIRVIEW CLOSE?

3 FAIRVIEW CLOSE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 3 on FAIRVIEW CLOSE.