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Chigwell House Prices

The average house price in Chigwell is £875,000 using HM Land Registry data.

The average property price increased by £330,824 (47.13%) over the last 5 years and increased by £66,119 (6.84%) over the last 12 months.

Over the last year, there were 76 residential property sales – a decrease of 32 transactions (-42.11%) relative to the previous year. The majority of house sales (24) were in the £330,000 - £644,000 range. Then came properties in the £644,000 - £958,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,652 (-1%).

In April 2024, there were 22 new estate agency instructions, 10 agreed home sales and 9 property price reductions.

5-Year Average Property Prices in Chigwell

47.13%

Property prices in Chigwell increased by 47.13% 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 Chigwell Over the Last Year

6.84%

Property prices in Chigwell increased by 6.84% 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 Chigwell - April 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 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 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 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 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 Chigwell since 1995

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

Recent Property Sales in Chigwell

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
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
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
24 Bracken Drive, Chigwell, Essex, IG7 5RF	£1,395,000	£1,270,000	-£125,000	06 Jun 2023	28 Sep 2023	114 Days
35 Chester Road, Chigwell, Essex, IG7 6AH	£1,175,000	£1,100,000	-£75,000	28 Jul 2023	27 Sep 2023	61 Days
146 High Road, Chigwell, Essex, IG7 5BQ	£2,395,000	£2,100,000	-£295,000	14 Jul 2023	26 Sep 2023	74 Days
7 New Forest Lane, Chigwell, Essex, IG7 5QN	£2,950,000	£2,900,000	-£50,000	18 Nov 2022	08 Sep 2023	294 Days
168 Manor Road, Chigwell, Essex, IG7 5PX	£1,000,000	£900,000	-£100,000	14 Sep 2022	01 Sep 2023	352 Days
4 Chigwell Park Drive, Chigwell, Essex, IG7 5BD	£1,250,000	£1,180,000	-£70,000	05 May 2023	18 Aug 2023	105 Days
4 St Marys Way, Chigwell, Essex, IG7 5BX	£675,000	£672,500	-£2,500	30 Dec 2022	04 Aug 2023	217 Days
90 Bracken Drive, Chigwell, Greater London, IG7 5RD	£2,295,000	£2,075,000	-£220,000	22 Jun 2023	02 Aug 2023	41 Days
6 Lechmere Avenue, Chigwell, Essex, IG7 5ET	£800,000	£775,000	-£25,000	14 Feb 2023	01 Aug 2023	168 Days
25 Lyndhurst Rise, Chigwell, Essex, IG7 5BB	£1,195,000	£1,190,000	-£5,000	03 Mar 2023	25 Jul 2023	144 Days
1 View Close, Chigwell, Essex, IG7 5JU	£525,000	£520,000	-£5,000	24 Jan 2023	30 Jun 2023	157 Days
215 Copperfield, Chigwell, Essex, IG7 5NL	£400,000	£400,000	£00	27 Jan 2023	29 Jun 2023	153 Days
38 Limes Avenue, Chigwell, Essex, IG7 5LU	£375,000	£375,000	£00	21 Feb 2023	30 May 2023	98 Days
22 Ely Place, Woodford Green, Essex, IG8 8AG	£799,000	£795,000	-£4,000	01 Feb 2023	26 May 2023	114 Days
10 View Close, Chigwell, Essex, IG7 5JU	£440,000	£435,000	-£5,000	01 Mar 2023	19 May 2023	79 Days

Most Expensive Streets in 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 6LP	Meadow Way	Chigwell	£1,816,666	3
IG7 5DL	Hainault Road	Chigwell	£1,787,937	8
IG7 6PT	High Road	Chigwell	£1,731,666	3
IG7 6LR	Meadow Way	Chigwell	£1,596,666	3
IG7 5BQ	High Road	Chigwell	£1,516,041	12
IG7 6AW	Brook Way	Chigwell	£1,420,000	4

Least Expensive Streets in Chigwell

Postcode	Street	Area	Average	No. of Sales
IG7 5JP	Trotwood	Chigwell	£221,133	6
IG7 5LZ	Limes Avenue	Chigwell	£224,498	4
IG7 5JN	Trotwood	Chigwell	£230,250	10
IG7 5NT	Cobdens	Limes Avenue	£236,666	3
IG8 8BL	Wallers Close	Woodford Green	£285,666	3
IG7 5LY	Limes Avenue	Chigwell	£291,000	3
IG7 6PQ	Brook Parade	Chigwell	£305,000	3
IG7 5LX	Limes Avenue	Chigwell	£318,333	3
IG7 5EA	Shrublands Close	Chigwell	£321,800	10
IG7 5DZ	Shrublands Close	Chigwell	£328,666	3