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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREEN ACRES is a midsized extended detached house of 179m², built sometime between 1930 and 1949, which could now be worth an estimated £1,404,435. It was last sold for £1,200,000 in March 2017, which was around 35% 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	£887,691	35% above HPI
2014 8 OCT	£1,150,000	£716,744	60% 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 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the March 2017 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might GREEN ACRES be worth now?

GREEN ACRES might now be worth an estimated £1,404,435.

This is based on house price inflation of 17%, between March 2017 and February 2025, for detached houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17% inflationary increase is applied to the most recent sale price for GREEN ACRES of £1,200,000 on 2nd March 2017. For the value to have increased from £1,200,000 to £1,404,435 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of GREEN ACRES has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The March 2017 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of GREEN ACRES has not materially changed since March 2017.

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 houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chigwell, and where GREEN ACRES lies on this distribution: 42% of detached houses 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.