IG7 5LY is a residential postcode located on Limes Avenue, Chigwell, IG7. It is the 161st largest postcode in the IG7 area.
It contains 11 residential addresses consisting of 4 houses, 3 flats and 4 unknown and the most common type of property is a mid-century house built between 1936 and 1979.
The average house value is £377,214. Sales values have increased in the last 12 months by 3.6% and Rental values have increased by 5.4%.
Property sale values range from £223,857 for a leasehold flat, with 2 bedrooms split across 420 square feet of gross internal area and has no outside space to £391,901 for a freehold house, with 3 bedrooms split across 1,098 square feet of gross internal area and has a garden.
Average £/ft2 for properties in IG7 5LY is £369/ft2.
Properties achieve a rental yield of between 5.9% and 7.5%, and rental values range from £1,408 to £2,020 per month.
The last sale was 30 Nov 2021 for £220,000 and since then the market in the area has increased by 6.6%. The postcode has had a total of 4 sales since 1995.
IG7 5LY has seen 1 sale in the last three years and no sales in the last twelve months.
IG7 5LY is the 161st largest and the 90th most expensive postcode out of the 483 postcodes in the IG7 area.
IG7 5LY is the 161st largest and the 90th most expensive postcode out of the 483 postcodes in the IG7 area.
IG7 5LY is a residential postcode located on Limes Avenue, Chigwell, IG7 with 4 houses, 3 flats and 4 unknown within its bounds.
The most common property type in IG7 5LY is a mid-century house built between 1936 and 1979.
The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to IG7 5LY is Hainault station which is 400 metres away.
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 5LY, 41.9% of property is socially rented and 23.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 5LY, 27.8% of residents are recorded as possessing school level qualifications and 30.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around IG7 5LY, the average age was 38.7 and the most common age was 32.
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 5LY, 0.6% 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 5LY, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.