31, ELY PLACE, WOODFORD GREEN, IG8 8AG - £375,000

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

31 ELY PLACE is a very small detached house of 100m², built sometime between 1996 and 2002. It was last sold for £375,000 in July 2011, which was around 31% below the average July 2011 detached price in the Epping Forest local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

31 ELY PLACE Sold Prices

Land registry data shows two sales for 31 ELY 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 31 ELY 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
2011 29 JUL	£375,000	£541,551	31% below HPI
1996 16 DEC	£143,000	£175,723	19% below HPI

31 ELY 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 31 ELY PLACE sales from December 1996 and July 2011 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 December 1996 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2011 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 31 ELY PLACE?

31 ELY PLACE is 100m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of detached houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses by size in Chigwell, and where 31 ELY PLACE lies on this distribution: 6% of detached houses are smaller than 31 ELY PLACE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

31 ELY PLACE: Plot and Title Map

31 ELY PLACE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 31 ELY 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 31 ELY 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 31 ELY PLACE?

31 ELY PLACE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 31 on ELY PLACE.