5, DACRE CLOSE, CHIGWELL, IG7 5HQ - £855,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 DACRE CLOSE is a midsized detached house of 228m², built sometime between 1950 and 1966, which could now be worth an estimated £927,545. It was last sold for £855,000 in July 2020, which was around 9% below the average July 2020 detached price in the Epping Forest local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

5 DACRE CLOSE Sold Prices

Land registry data shows three sales for 5 DACRE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. Two of the three 5 DACRE CLOSE sales were for below the average price, whilst one was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 31 JUL	£855,000	£935,984	9% below HPI
2014 23 MAY	£685,000	£663,775	3% above HPI
2009 20 OCT	£499,999	£538,304	7% below HPI

5 DACRE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The three 5 DACRE CLOSE sales between October 2009 and July 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2014 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 5 DACRE CLOSE be worth now?

5 DACRE CLOSE might now be worth an estimated £927,545.

This is based on house price inflation of 8.5%, between July 2020 and May 2026, for detached houses, in the Epping Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.5% inflationary increase is applied to the most recent sale price for 5 DACRE CLOSE of £855,000 on 31st July 2020. For the value to have increased from £855,000 to £927,545 over the six years and two months to May 2026, the following assumptions must hold true:

• The value of 5 DACRE CLOSE has moved in line with the HPI for detached houses in the Epping Forest local authority area.
• The July 2020 sale price of £855,000 represented a fair market value for the property.
• The size, condition, and specification of 5 DACRE CLOSE has not materially changed since July 2020.

How Large is 5 DACRE CLOSE?

5 DACRE CLOSE is 228m² according to the EPC inspection conducted in November 2013. This puts it in the largest 50% of detached houses houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chigwell, and where 5 DACRE CLOSE lies on this distribution: 59% of detached houses houses are smaller than 5 DACRE CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

5 DACRE CLOSE: Plot and Title Map

5 DACRE CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 5 DACRE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 DACRE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 DACRE CLOSE?

5 DACRE CLOSE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 5 on DACRE CLOSE.