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House Prices in IG7

The average house price in IG7 (Chigwell) is £683,275 using HM Land Registry data.

The average property price increased by £152,786 (-3.66%) over the last 5 years and increased by £30,613 (-0.69%) over the last 12 months.

Over the last year, there were 129 residential property sales – a decrease of 35 transactions (-27.13%) relative to the previous year. The majority of house sales (59) were in the £290,000 - £562,000 range. Then came properties in the £562,000 - £834,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,260 (-1%).

In Oct 24, there were new estate agency instructions, 37 agreed home sales and 43 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) - Oct 24

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
5 Manford Cross, Chigwell, Greater London, IG7 4AB	£475,000	£475,000	£00	20 Mar 2024	28 Jun 2024	100 Days
193 Brocket Way, Chigwell, Greater London, IG7 4LX	£475,000	£460,000	-£15,000	03 Oct 2023	21 Jun 2024	262 Days
234 Burrow Road, Hainault, Chigwell, Greater London, IG7 4NQ	£440,000	£405,000	-£35,000	16 Aug 2023	29 May 2024	287 Days
63 Tufter Road, Chigwell, Greater London, IG7 4EB	£400,000	£400,000	£00	26 Dec 2023	26 Apr 2024	122 Days
62 The Bowls, Chigwell, Essex, IG7 6ND	£650,000	£645,000	-£5,000	26 Sep 2023	15 Apr 2024	202 Days
23 Regency Close, Chigwell, Essex, IG7 5NY	£550,000	£540,000	-£10,000	14 Nov 2023	15 Apr 2024	153 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
7 Chester Road, Chigwell, Essex, IG7 6AH	£1,450,000	£1,310,000	-£140,000	02 Oct 2023	20 Mar 2024	170 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
72a, Hainault Road, Chigwell, Essex, IG7 5DH	£800,000	£700,000	-£100,000	09 Jan 2024	15 Mar 2024	66 Days
5 Barton Close, Chigwell, Essex, IG7 6LJ	£1,750,000	£1,670,000	-£80,000	06 Apr 2022	08 Mar 2024	702 Days
6 Ingleby Gardens, Chigwell, Essex, IG7 6EH	£625,000	£615,000	-£10,000	17 Oct 2023	07 Mar 2024	142 Days
16 Oakmoor Way, Chigwell, Greater London, IG7 4BS	£350,000	£340,000	-£10,000	18 Jul 2023	29 Feb 2024	226 Days
9 Linkside, Chigwell, Essex, IG7 5DN	£925,000	£904,000	-£21,000	24 Nov 2023	19 Feb 2024	87 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

Most Expensive Streets in IG7 (Chigwell)

Postcode	Street	Area	Average	No. of Sales
IG7 5AF	Forest Lane	Chigwell	£2,279,583	6
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 5BQ	High Road	Chigwell	£1,505,192	13
IG7 6JD	Grove Lane	Chigwell	£1,456,666	3
IG7 6AW	Brook Way	Chigwell	£1,420,000	4

Least Expensive Streets in IG7 (Chigwell)

Postcode	Street	Area	Average	No. of Sales
IG7 4LP	Lowe Close	Chigwell	£214,666	3
IG7 5JP	Trotwood	Chigwell	£216,360	5
IG7 5JN	Trotwood	Chigwell	£227,125	8
IG7 5JZ	Copperfield	Chigwell	£251,666	3
IG7 4QY	The Ridings	Chigwell	£285,500	4
IG7 4BA	Wanti Terrace	Chigwell	£300,333	18
IG7 4AB	Manford Cross	Chigwell	£301,785	7
IG7 4AD	Manford Way	Chigwell	£303,666	3
IG7 6PQ	Brook Parade	Chigwell	£305,000	3
IG7 5JG	Amanda Close	Chigwell	£308,750	6