50, FAIRVIEW DRIVE, CHIGWELL, IG7 6HS - £700,000

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.

50 FAIRVIEW DRIVE is a midsized extended terraced house of 149m², built sometime between 1950 and 1966, which could now be worth an estimated £724,203. It was last sold for £700,000 in June 2022, which was around 41% above the average June 2022 terraced price in the Redbridge local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

50 FAIRVIEW DRIVE Sold Prices

Land registry data shows two sales for 50 FAIRVIEW DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Redbridge local authority area for the corresponding sale date. Both of the two 50 FAIRVIEW DRIVE sales were 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
2022 30 JUN	£700,000	£498,044	41% above HPI
2012 21 MAR	£355,000	£266,384	33% above HPI

50 FAIRVIEW DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redbridge local authority area over time, sourced from the HPI. The two 50 FAIRVIEW DRIVE sales from March 2012 and June 2022 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 March 2012 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2022 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 50 FAIRVIEW DRIVE be worth now?

50 FAIRVIEW DRIVE might now be worth an estimated £724,203.

This is based on house price inflation of 3.5%, between June 2022 and June 2025, for terraced houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% inflationary increase is applied to the most recent sale price for 50 FAIRVIEW DRIVE of £700,000 on 30th June 2022. For the value to have increased from £700,000 to £724,203 over the three years to June 2025, the following assumptions must hold true:

• The value of 50 FAIRVIEW DRIVE has moved in line with the HPI for terraced houses in the Redbridge local authority area.
• The June 2022 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 50 FAIRVIEW DRIVE has not materially changed since June 2022.

How Large is 50 FAIRVIEW DRIVE?

50 FAIRVIEW DRIVE is 149m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 50% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 50 FAIRVIEW DRIVE lies on this distribution: 52% of terraced houses houses are smaller than 50 FAIRVIEW DRIVE, and 47% of houses are larger. Note that EPC data is not available for all properties in London.

50 FAIRVIEW DRIVE: Plot and Title Map

50 FAIRVIEW DRIVE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 50 FAIRVIEW DRIVE, 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 50 FAIRVIEW DRIVE). 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 50 FAIRVIEW DRIVE?

50 FAIRVIEW DRIVE is located in CHIGWELL, in the IG7 postcode district. The below map shows the position of No. 50 on FAIRVIEW DRIVE.