IG7 6LZ is a residential postcode situated on Vicarage Lane, Chigwell, IG7 with 2 addresses.
It ranks as the 27th largest and 475th most expensive of the 477 postcodes in the IG7 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 2 properties: 2 houses.
IG7 6LZ is a residential postcode situated on Vicarage Lane, Chigwell, IG7 with 2 addresses.
It ranks as the 27th largest and 475th most expensive of the 477 postcodes in the IG7 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 2 properties: 2 houses.
Sale prices range from £2,571,484 for 6 bedroom freehold houses with a garden (2,960 ft2) to £2,990,443 for 6 bedroom freehold houses with a garden (3,702 ft2) .
Monthly rental prices range from £6,146 pcm for 6 bed houses to £7,148 pcm for 6 bed houses.
The gross rental yield is between 2.9% and 2.9%.
The average value per square foot is £838.
The last sale in IG7 6LZ sold for £2,975,000 on 28th February 2022. Since then prices are up an average of 1.5%.
The current average value in the postcode is £2,780,964.
The IG7 6LZ Sales Market has increased by 27.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2% | £2,780,964 |
| April 2025 | 4% | £2,837,298 |
| April 2024 | -3.2% | £2,727,535 |
| April 2023 | 1.8% | £2,816,495 |
| April 2022 | 8.7% | £2,766,876 |
| April 2021 | 6.7% | £2,544,460 |
| April 2020 | -0.4% | £2,383,757 |
| April 2019 | 2.3% | £2,393,236 |
| April 2018 | 2.2% | £2,339,882 |
| April 2017 | 5.3% | £2,288,407 |
| April 2016 | 7.6% | £2,173,700 |
| April 2015 | 8% | £2,020,890 |
| April 2014 | 10.5% | £1,871,328 |
| April 2013 | 10.6% | £1,693,231 |
| April 2012 | -0.8% | £1,530,667 |
| April 2011 | 2.7% | £1,542,285 |
| April 2010 | 7.1% | £1,501,291 |
| April 2009 | -3.8% | £1,402,213 |
| April 2008 | 5.2% | £1,458,302 |
| April 2007 | 0% | £1,386,505 |
The current average rental value in the postcode is £6,647.
The IG7 6LZ Rental Market has increased by 45.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.5% | £6,647pcm |
| April 2025 | 2.7% | £6,548pcm |
| April 2024 | 7.9% | £6,378pcm |
| April 2023 | 12.8% | £5,911pcm |
| April 2022 | 7% | £5,239pcm |
| April 2021 | 4.6% | £4,895pcm |
| April 2020 | 1.5% | £4,682pcm |
| April 2019 | 2.3% | £4,614pcm |
| April 2018 | -1.4% | £4,510pcm |
| April 2017 | 0.4% | £4,574pcm |
| April 2016 | 0.2% | £4,557pcm |
| April 2015 | 2.6% | £4,549pcm |
| April 2014 | 11.9% | £4,436pcm |
| April 2013 | 5.9% | £3,964pcm |
| April 2012 | 7.9% | £3,744pcm |
| April 2011 | 7.3% | £3,469pcm |
| April 2010 | 4.6% | £3,234pcm |
| April 2009 | -4.2% | £3,092pcm |
| April 2008 | 6.1% | £3,229pcm |
| April 2007 | 0% | £3,043pcm |
The last sale was on 28th February 2022 for £2,975,000 and since then the market in the area has increased by 1.5%. The postcode has had a total of 3 sales since 1995.
IG7 6LZ has seen no sales in the last three years and no sales in the last twelve months.
IG7 6LZ is the 27th largest and the 475th most expensive postcode out of the 477 postcodes in the IG7 area.
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The closest station to IG7 6LZ is Grange Hill station which is 800 metres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around IG7 6LZ, 46.9% of property is privately owned outright and 37.5% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around IG7 6LZ, 15.5% of residents are recorded as possessing school level qualifications and 35.5% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around IG7 6LZ, the average age was 42.3 and the most common age was 57.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around IG7 6LZ, 1.8% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around IG7 6LZ, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.