40, LECHMERE AVENUE, CHIGWELL, IG7 5ET - £500,000

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

40 LECHMERE AVENUE is a small extended detached house of 141m², built sometime between 1930 and 1949. It was last sold for £500,000 in July 2006, which was around 3% above the average July 2006 detached price in the Epping Forest local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

40 LECHMERE AVENUE Sold Prices

Land registry data shows two sales for 40 LECHMERE AVENUE 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. One of the two 40 LECHMERE AVENUE sales was for above the average price, whilst the other was 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
2006 14 JUL	£500,000	£484,808	3% above HPI
2004 10 SEP	£365,000	£465,626	22% below HPI

40 LECHMERE AVENUE 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 40 LECHMERE AVENUE sales from September 2004 and July 2006 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 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2006 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 40 LECHMERE AVENUE?

40 LECHMERE AVENUE is 141m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the smallest 30% of detached houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses by size in Chigwell, and where 40 LECHMERE AVENUE lies on this distribution: 24% of detached houses are smaller than 40 LECHMERE AVENUE, and 75% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

40 LECHMERE AVENUE: Plot and Title Map

40 LECHMERE AVENUE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 40 LECHMERE AVENUE, 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 40 LECHMERE AVENUE). 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 40 LECHMERE AVENUE?

40 LECHMERE AVENUE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 40 on LECHMERE AVENUE.