45, ELY PLACE, WOODFORD GREEN, IG8 8AG - £680,000

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

45 ELY PLACE is a very small extended detached house of 113m², built sometime between 1983 and 1990. It was last sold for £680,000 in November 2018, which was around 21% below the average November 2018 detached price in the Epping Forest local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

45 ELY PLACE Sold Prices

Land registry data shows two sales for 45 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 45 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
2018 16 NOV	£680,000	£865,299	21% below HPI
2016 12 AUG	£570,000	£828,512	31% below HPI

45 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 45 ELY PLACE sales from August 2016 and November 2018 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 August 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 45 ELY PLACE?

45 ELY PLACE is 113m², which includes one extension, according to the EPC inspection conducted in August 2017. 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 45 ELY PLACE lies on this distribution: 11% of detached houses are smaller than 45 ELY PLACE, and 89% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

45 ELY PLACE: Plot and Title Map

45 ELY PLACE sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 45 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 45 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 45 ELY PLACE?

45 ELY PLACE is located in WOODFORD GREEN, in the IG8 postcode district. The below map shows the position of No. 45 on ELY PLACE.