LOCHBIE, VICARAGE LANE, CHIGWELL, IG7 6LS - £1,525,000

LOCHBIE is a very large detached house of 368m², built sometime from 2007 onwards. It was last sold for £1,525,000 in November 2011, which was around 174% above the average November 2011 detached price in the Epping Forest local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was B.

LOCHBIE Sold Prices

Land registry data shows two sales for LOCHBIE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. Both of the two LOCHBIE 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
2011 4 NOV	£1,525,000	£556,323	174% above HPI
2004 19 JUL	£850,000	£446,165	91% above HPI

LOCHBIE 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 two LOCHBIE sales from July 2004 and November 2011 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 July 2004 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the November 2011 sale, where it rises to 174% above the HPI. The line then continues to track at 174% above the HPI.

How Large is LOCHBIE?

LOCHBIE is 368m² according to the EPC inspection conducted in November 2008. This puts it in the largest 20% of detached houses in Chigwell, based on EPC data. The below chart shows the distribution of detached houses by size in Chigwell, and where LOCHBIE lies on this distribution: 86% of detached houses are smaller than LOCHBIE, and 14% of houses are larger. Note that EPC data is not available for all properties in Chigwell.

LOCHBIE: Plot and Title Map

LOCHBIE sits on a plot of roughly 0.199 of an acre, or 807m². The below map shows the location of LOCHBIE, 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 LOCHBIE). 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 LOCHBIE?

LOCHBIE is located on VICARAGE LANE in CHIGWELL, in the IG7 postcode district. The below map shows the position of LOCHBIE on VICARAGE LANE.