New Forest Lane, Chigwell, IG7

Street Guide For New Forest Lane, Chigwell, IG7

 
 

New Forest Lane, Chigwell, IG7 Map

Estimated Price: £1,419,800
Average Asking Price: £749,951
Price change in last one year: £103,059
Average Price Paid: £1,106,500
Average Rent Rates: £2,351

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Property Prices Breakdown in New Forest Lane, Chigwell, IG7

Average Price for property in New Forest Lane, Chigwell, IG7 is around £1,419,800 e.g. average price for detached house is around 1,419,800. Values have been changing and have risen £3,945 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £23,983 in last 6 months, £103,059 in last 1 year, £191,208 in last 2 years, £248,531 in last 3 years, £260,738 in last 4 years and £235,243 in last 5 years.

Currently average asking price of a property in New Forest Lane, Chigwell, IG7 is around £749,951 based on approximately 1 properties for sale. Same is the case with rental options based on 58 properties up for rent, average asking rent is around £2,351 per month.

Estimated property value in New Forest Lane, Chigwell, IG7 is £1,419,800. Average asking price is £749,951 while average price paid is £1,300,000 which is up by £103,059 and Avg. asking rent £2,351.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in New Forest Lane, Chigwell, IG7 area. In last 1 year alone average price buyer paid is around £1,300,000 based on approximately 1 sales in New Forest Lane, Chigwell, IG7 area alone. If you compare it to last 3 years sales of 1 properties where buyers paid around £1,300,000. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £1,106,500 for 2 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £1,099,600 per sale.

 
 
 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £321,250, £401,248 for a 3 bedroom house, £819,674 for a 4 bedroom house and £1,219,000 for a 5 bedroom house. For a flat similarly the prices varies from £208,333 for a single bedroom to £367,009 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £638,571 and £725,000 for a 4 bedroom flat. To sum up the asking prices for properties in New Forest Lane, Chigwell, IG7 it comes to around average £208,333 for 1 bedroom property, £360,472 for 2 bedroom, £439,882 for 3 bedroom, £813,936 for 4 bedroom and £1,219,000 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,049 for 2 bedroom to £1,520 for 3 bedroom, £2,259 for 4 bedroom and £4,559 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £1,638. As the no. of bedroom increase so will the rent e.g. for a 3 bedroom flat it will be around £2,833. You should be generally be expecting around average £1,614 rent per month for 2 bedroom property, £1,848 for 3 bedroom, £2,259 for 4 bedroom and approximately £4,559 for 5 bedroom property in New Forest Lane, Chigwell, IG7 area.

Popular Houses in New Forest Lane, Chigwell, IG7

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around New Forest Lane, Chigwell, IG7