House Prices in IG7 House Prices in IG7 (Chigwell)

The average house price in IG7 (Chigwell) is £690,227 using HM Land Registry data.

The average property price increased by £123,796 (-3.66%) over the last 5 years and increased by £24,798 (-0.69%) over the last 12 months.

Over the last year, there were 149 residential property sales – a decrease of 17 transactions (-11.41%) relative to the previous year. The majority of house sales (60) were in the £300,000 - £500,000 range. Then came properties in the £500,000 - £700,000 range, where 27 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 176 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-30,650 (-4%).

In January 2025, there were 59 new estate agency instructions, 32 agreed home sales and 29 property price reductions.

5-Year Average Property Prices in IG7 (Chigwell)

-3.66%

Property prices in IG7 (Chigwell) decreased by -3.66% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in IG7 (Chigwell) Over the Last Year

-0.69%

Property prices in IG7 (Chigwell) decreased by -0.69% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for IG7 (Chigwell) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in IG7 (Chigwell)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in IG7 (Chigwell)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in IG7 (Chigwell)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the IG7 (Chigwell) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the IG7 postcode area since 1995.

Recent Sales in IG7 (Chigwell)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
723 Copperfield, Chigwell, Essex, IG7 5LF£440,000£424,000-£16,00003 Jun 202421 Nov 2024171 Days
33 Fairview Drive, Chigwell, Greater London, IG7 6HS£475,000£475,000£010 Jul 202416 Oct 202498 Days
2 Regency Close, Chigwell, Essex, IG7 5NY£450,000£450,000£021 May 202427 Sep 2024129 Days
5 Manford Cross, Chigwell, Greater London, IG7 4AB£475,000£475,000£020 Mar 202428 Jun 2024100 Days
193 Brocket Way, Chigwell, Greater London, IG7 4LX£475,000£460,000-£15,00003 Oct 202321 Jun 2024262 Days
234 Burrow Road, Hainault, Chigwell, Greater London, IG7 4NQ£440,000£405,000-£35,00016 Aug 202329 May 2024287 Days
63 Tufter Road, Chigwell, Greater London, IG7 4EB£400,000£400,000£026 Dec 202326 Apr 2024122 Days
62 The Bowls, Chigwell, Essex, IG7 6ND£650,000£645,000-£5,00026 Sep 202315 Apr 2024202 Days
23 Regency Close, Chigwell, Essex, IG7 5NY£550,000£540,000-£10,00014 Nov 202315 Apr 2024153 Days
94 Lambourne Road, Chigwell, Essex, IG7 6EN£575,000£560,000-£15,00028 Jul 202326 Mar 2024242 Days
311 Copperfield, Chigwell, Essex, IG7 5NP£400,000£400,000£019 Sep 202322 Mar 2024185 Days
7 Chester Road, Chigwell, Essex, IG7 6AH£1,450,000£1,310,000-£140,00002 Oct 202320 Mar 2024170 Days
91 Burrow Road, Hainault, Chigwell, Greater London, IG7 4NL£400,000£400,000£012 Aug 202315 Mar 2024216 Days
21 Sunnymede, Chigwell, Essex, IG7 6ES£415,000£387,000-£28,00026 Dec 202315 Mar 202480 Days
72a, Hainault Road, Chigwell, Essex, IG7 5DH£800,000£700,000-£100,00009 Jan 202415 Mar 202466 Days
5 Barton Close, Chigwell, Essex, IG7 6LJ£1,750,000£1,670,000-£80,00006 Apr 202208 Mar 2024702 Days
6 Ingleby Gardens, Chigwell, Essex, IG7 6EH£625,000£615,000-£10,00017 Oct 202307 Mar 2024142 Days
16 Oakmoor Way, Chigwell, Greater London, IG7 4BS£350,000£340,000-£10,00018 Jul 202329 Feb 2024226 Days
9 Linkside, Chigwell, Essex, IG7 5DN£925,000£904,000-£21,00024 Nov 202319 Feb 202487 Days
62 Bracken Drive, Chigwell, Essex, IG7 5RD£1,075,000£1,020,000-£55,00016 Nov 202316 Feb 202492 Days

Most Expensive Streets in IG7 (Chigwell)

PostcodeStreetAreaAverageNo. of Sales
IG7 5QUStradbroke DriveChigwell£2,283,3333
IG7 5AFForest LaneChigwell£2,279,5836
IG7 5PQManor RoadChigwell£2,150,0003
IG7 6LHLingmere CloseChigwell£2,085,0003
IG7 5QZStradbroke DriveChigwell£2,046,5645
IG7 6LLParkland CloseChigwell£1,916,6663
IG7 5DLHainault RoadChigwell£1,811,2147
IG7 6AFLee GroveChigwell£1,613,3333
IG7 5BQHigh RoadChigwell£1,548,54112
IG7 6JDGrove LaneChigwell£1,456,6663

Least Expensive Streets in IG7 (Chigwell)

PostcodeStreetAreaAverageNo. of Sales
IG7 5JPTrotwoodChigwell£212,9504
IG7 5JNTrotwoodChigwell£227,1258
IG7 5JZCopperfieldChigwell£251,6663
IG7 4QYThe RidingsChigwell£285,5004
IG7 4BAWanti TerraceChigwell£300,33318
IG7 4ADManford WayChigwell£303,6663
IG7 6PQBrook ParadeChigwell£305,0003
IG7 5JGAmanda CloseChigwell£308,7506
IG7 4ABManford CrossChigwell£310,0628
IG7 5NWCopperfieldChigwell£320,0003

Explore IG7 (Chigwell) using map