GREEN ACRES, VICARAGE LANE, CHIGWELL, IG7 6LS - £1,200,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GREEN ACRES is a midsized extended detached house of 179m², built sometime between 1930 and 1949. It was last sold for £1,200,000 in March 2017, which was around 41% above the average March 2017 detached price in the Epping Forest local authority area. The most recent EPC inspection was November 2012, where the current energy rating was E, and the potential energy rating was C.

GREEN ACRES Sold Prices

Land registry data shows two sales for GREEN ACRES 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 GREEN ACRES sales were for above 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
2017 2 MAR	£1,200,000	£850,222	41% above HPI
2014 8 OCT	£1,150,000	£686,490	68% above HPI

GREEN ACRES 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 GREEN ACRES sales from October 2014 and March 2017 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 October 2014 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the March 2017 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is GREEN ACRES?

GREEN ACRES is 179m², which includes two extensions, according to the EPC inspection conducted in November 2012. This puts it in the smallest 50% of detached houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses by size in Chigwell, and where GREEN ACRES lies on this distribution: 42% of detached houses are smaller than GREEN ACRES, and 57% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

GREEN ACRES: Plot and Title Map

GREEN ACRES sits on a plot of roughly 0.211 of an acre, or 854m². The below map shows the location of GREEN ACRES, 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 GREEN ACRES). 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 GREEN ACRES?

GREEN ACRES is located on VICARAGE LANE in CHIGWELL, in the IG7 postcode district. The below map shows the position of GREEN ACRES on VICARAGE LANE.