Chigwell

Area Guide For Chigwell

Chigwell is a civil parish and town in the Epping Forest district of Essex. It is located 11.6 miles (18.7 km) north east of Charing Cross. It is served by two London Underground stations and uses the London (020) area code. According to P. H. Reaney's Place-Names of Essex, the standard guide to etymology in the county, the name means 'Cicca's well', Cicca being an Anglo-Saxon personal name. In medieval sources the name appears with a wide variety of spellings including "Cinghe uuella" and Chikewelle". Folk etymology has sought to derive the name from a lost 'king's well', supposed to have been to the south-east of the parish near the border of what is now the London Borough of Redbridge. There were several medicinal springs in Chigwell Row documented by Miller Christy in his book History of the mineral waters and medicinal springs of the county of Essex, published in 1910. The proposal by 18th-century local historian Nathaniel Salmon that the "well" element in the name derives from Anglo-Saxon weald (forest), indicating Chigwell's location in a royal demesne rather than Anglo-Saxon wielle (well) has long been superseded by modern onomastic study and is no longer

 
 

Chigwell Map

Estimated Price: £537,068
Average Asking Price: £747,006
Price change in last one year: £38,637
Average Price Paid: £405,892
Average Rent Rates: £2,353

 
 

Property Prices Breakdown in Chigwell

Average Price for property in Chigwell is around £537,068 which varies based on type of property you are interested in and ranges from £1,071,604 for detached house to around £428,089 for semi-detached. Similarly terraced house is around £287,969 and a flat is worth £296,548. Values have been changing and have risen £1,211 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,591 in last 6 months, £38,637 in last 1 year, £72,720 in last 2 years, £104,316 in last 3 years, £102,973 in last 4 years and £115,202 in last 5 years.

Currently average asking price of a property in Chigwell is around £747,006 based on approximately 257 properties for sale. Same is the case with rental options based on 56 properties up for rent, average asking rent is around £2,353 per month.

Estimated property value in Chigwell is £537,068. Average asking price is £747,006 while average price paid is £471,565 which is up by £38,637 and Avg. asking rent £2,353.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 Chigwell area. In last 1 year alone average price buyer paid is around £471,565 based on approximately 257 sales in Chigwell area alone. If you compare it to last 3 years sales of 736 properties where buyers paid around £416,240. 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 £405,892 for 1,145 and average amount paid for purchase of approx. 1,505 properties sold in last 7 years comes to about £397,531 per sale.

 
 

Properties For Sale in Chigwell

 
 

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, £406,910 for a 3 bedroom house, £835,496 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 Chigwell it comes to around average £208,333 for 1 bedroom property, £360,472 for 2 bedroom, £446,462 for 3 bedroom, £828,590 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 £1,503 for 3 bedroom, £2,259 for 4 bedroom and £4,732 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £1,693. 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 £1,661 rent per month for 2 bedroom property, £1,810 for 3 bedroom, £2,259 for 4 bedroom and approximately £4,732 for 5 bedroom property in Chigwell area.

Popular Houses in Chigwell

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.

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