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House Prices in IG7

The average house price in IG7 (Chigwell) is £595,200 using HM Land Registry data.

The average property price increased by £200,499 (-3.66%) over the last 5 years and increased by £40,082 (-0.69%) over the last 12 months.

Over the last year, there were 135 residential property sales – a decrease of 51 transactions (-37.78%) relative to the previous year. The majority of house sales (54) were in the £280,000 - £466,000 range. Then came properties in the £652,000 - £838,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,260 (-1%).

In June 2024, there were 37 new estate agency instructions, 31 agreed home sales and 35 property price reductions.

5-Year Average Property Prices in IG7 (Chigwell)

-3.66%

Property prices in 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 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.

Property Market Heat Gauge for IG7 (Chigwell) - June 2024

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
62 The Bowls, Chigwell, Essex, IG7 6ND	£650,000	£645,000	-£5,000	26 Sep 2023	15 Apr 2024	202 Days
94 Lambourne Road, Chigwell, Essex, IG7 6EN	£575,000	£560,000	-£15,000	28 Jul 2023	26 Mar 2024	242 Days
311 Copperfield, Chigwell, Essex, IG7 5NP	£400,000	£400,000	£00	19 Sep 2023	22 Mar 2024	185 Days
91 Burrow Road, Hainault, Chigwell, Greater London, IG7 4NL	£400,000	£400,000	£00	12 Aug 2023	15 Mar 2024	216 Days
21 Sunnymede, Chigwell, Essex, IG7 6ES	£415,000	£387,000	-£28,000	26 Dec 2023	15 Mar 2024	80 Days
62 Bracken Drive, Chigwell, Essex, IG7 5RD	£1,075,000	£1,020,000	-£55,000	16 Nov 2023	16 Feb 2024	92 Days
22 Stevens Way, Chigwell, Greater London, IG7 6HR	£550,000	£530,000	-£20,000	17 Jul 2023	22 Jan 2024	189 Days
56 Coolgardie Avenue, Chigwell, Essex, IG7 5AY	£850,000	£827,500	-£22,500	23 Aug 2023	19 Jan 2024	149 Days
7 Tudor Close, Chigwell, Essex, IG7 5BG	£1,250,000	£1,210,000	-£40,000	06 Jul 2023	15 Jan 2024	193 Days
Forest Cottage, Lambourne Road, Chigwell, Essex, IG7 6HA	£1,400,000	£1,285,000	-£115,000	02 Mar 2023	04 Dec 2023	277 Days
9 Lechmere Avenue, Chigwell, Essex, IG7 5HA	£750,000	£750,000	£00	25 Sep 2023	24 Nov 2023	60 Days
6 Chigwell Park, Chigwell, Essex, IG7 5BE	£1,250,000	£1,140,000	-£110,000	15 Sep 2023	10 Nov 2023	56 Days
170 Arrowsmith Road, Chigwell, Greater London, IG7 4NZ	£390,000	£385,000	-£5,000	28 Jun 2023	10 Nov 2023	135 Days
20 Dacre Gardens, Chigwell, Essex, IG7 5HG	£800,000	£750,000	-£50,000	20 Mar 2023	07 Nov 2023	232 Days
3 Broadhurst Gardens, Chigwell, Essex, IG7 5HE	£900,000	£855,000	-£45,000	05 Sep 2023	24 Oct 2023	49 Days
9 Oak Lodge Avenue, Chigwell, Essex, IG7 5JA	£935,000	£900,000	-£35,000	11 May 2023	18 Oct 2023	160 Days
172 Brocket Way, Chigwell, Greater London, IG7 4LS	£425,000	£405,000	-£20,000	03 Jul 2023	13 Oct 2023	102 Days
104 Brocket Way, Chigwell, Greater London, IG7 4EX	£550,000	£537,500	-£12,500	12 May 2023	29 Sep 2023	140 Days
24 Bracken Drive, Chigwell, Essex, IG7 5RF	£1,395,000	£1,270,000	-£125,000	06 Jun 2023	28 Sep 2023	114 Days
Elmbank, High Road, Chigwell, Essex, IG7 6DL	£2,750,000	£2,350,000	-£400,000	04 May 2021	28 Sep 2023	877 Days

Most Expensive Streets in IG7 (Chigwell)

Postcode	Street	Area	Average	No. of Sales
IG7 5AF	Forest Lane	Chigwell	£2,208,500	5
IG7 5PQ	Manor Road	Chigwell	£2,150,000	3
IG7 6LH	Lingmere Close	Chigwell	£2,085,000	3
IG7 5QZ	Stradbroke Drive	Chigwell	£2,046,564	5
IG7 6LL	Parkland Close	Chigwell	£1,866,666	3
IG7 6LP	Meadow Way	Chigwell	£1,816,666	3
IG7 5DL	Hainault Road	Chigwell	£1,811,214	7
IG7 6LR	Meadow Way	Chigwell	£1,596,666	3
IG7 5BQ	High Road	Chigwell	£1,516,041	12
IG7 6JD	Grove Lane	Chigwell	£1,456,666	3

Least Expensive Streets in IG7 (Chigwell)

Postcode	Street	Area	Average	No. of Sales
IG7 5LZ	Limes Avenue	Chigwell	£200,998	3
IG7 5JP	Trotwood	Chigwell	£221,133	6
IG7 5JN	Trotwood	Chigwell	£229,666	9
IG7 4LP	Lowe Close	Chigwell	£230,800	5
IG7 4AB	Manford Cross	Chigwell	£272,916	6
IG7 4QY	The Ridings	Chigwell	£286,500	6
IG7 4BA	Wanti Terrace	Chigwell	£300,500	17
IG7 6PQ	Brook Parade	Chigwell	£305,000	3
IG7 5JG	Amanda Close	Chigwell	£308,750	6
IG7 5LX	Limes Avenue	Chigwell	£318,333	3