According to the public record, 1, Fernie Close, Chigwell is a mid-century house with 1,076 ft2 of internal area and sits on a 206 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Fernie Close, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
1, Fernie Close, Chigwell has no records in the Land Registry database and a single entry in the EPC database dated October 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Fernie Close Chigwell as £468,853 and the rental value as £2,428 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 1 Fernie Close Chigwell has increased by £15,996 (3.4%) and its rental value has increased by £139 per month (5.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Fernie Close, Chigwell is in very good condition we estimate a sale value of £492,295 and rental value of £2,549 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £436,033 and a rental value of £2,258 per month.
If you were able to purchase this property for the estimated value of £468,853, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,304 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Fernie Close, Chigwell sits on a plot of 206m2.
We have plot size data on 6 out of 8 other houses in the postcode and 1, Fernie Close, Chigwell sits on the 3rd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Fernie Close, Chigwell within a radius of 460 metres over the last 2 years.
The most recent example is 24, The Lowe, Chigwell, IG7 4LJ, a Freehold house which sold for £477,500 in Jan 2024.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fernie Close, Chigwell, IG7 has a total of 8 addresses. According to our analysis of all the public data, 1, Fernie Close, Chigwell is the largest and the most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in IG7.
1, Fernie Close, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Oct 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Fernie Close, Chigwell is Hainault station which is 1.2 kilometres 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 1, Fernie Close, Chigwell, 40.6% of property is privately owned with a mortgage and 26.8% is socially rented.
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 1, Fernie Close, Chigwell, 24.0% of residents are recorded as possessing school level qualifications and 28.9% 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 1, Fernie Close, Chigwell, the average age was 36.6 and the most common age was 37.
The graph below shows how this compares to Greater London 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 1, Fernie Close, Chigwell, 0.2% of property was a second home.
Comparison figures for Greater London 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 1, Fernie Close, Chigwell, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.