74, LECHMERE AVENUE, CHIGWELL, IG7 5EU - £900,000

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

74 LECHMERE AVENUE is a very small extended detached house of 100m², built sometime between 1930 and 1949. It was last sold for £900,000 in February 2022, which was around 5% below the average February 2022 detached price in the Epping Forest local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

74 LECHMERE AVENUE Sold Prices

Land registry data shows three sales for 74 LECHMERE AVENUE 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 74 LECHMERE AVENUE 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
2022 18 FEB	£900,000	£943,520	5% below HPI
2021 6 AUG	£645,000	£895,824	28% below HPI
1998 5 FEB	£167,500	£212,844	21% below HPI

74 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 three 74 LECHMERE AVENUE sales between February 1998 and February 2022 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 2021 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 74 LECHMERE AVENUE?

74 LECHMERE AVENUE is 100m², which includes two extensions, according to the EPC inspection conducted in February 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 74 LECHMERE AVENUE lies on this distribution: 6% of detached houses are smaller than 74 LECHMERE AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

74 LECHMERE AVENUE: Plot and Title Map

74 LECHMERE AVENUE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 74 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 74 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 74 LECHMERE AVENUE?

74 LECHMERE AVENUE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 74 on LECHMERE AVENUE.