According to the public record, 1, Forest Lane, Chigwell is a mid-century freehold house with 3,562 ft2 of internal area and sits on a 949 m2 plot.
Houses of this size in this area normally have 6 bedrooms with a garden.
Forest Lane, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
1, Forest Lane, Chigwell has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated February 2020.
We combine this information with that 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 Forest Lane Chigwell as £2,673,035 and the rental value as £7,736 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 1 Forest Lane Chigwell has increased by £33,885 (1.3%) and its rental value has increased by £203 per month (2.6%).
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, Forest Lane, Chigwell is in very good condition we estimate a sale value of £2,806,686 and rental value of £8,123 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £2,485,922 and a rental value of £7,195 per month.
If you were able to purchase this property for the estimated value of £2,673,035, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £13,137 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, Forest Lane, Chigwell sits on a plot of 949m2.
We have plot size data on 10 out of 22 other houses in the postcode and 1, Forest Lane, Chigwell sits on the 8th largest plot.
According to HM Land Registry, 1, Forest Lane, Chigwell was last sold on 09 Apr 2021 for £1,617,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 6.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Forest Lane, Chigwell within a radius of 930 metres over the last 2 years.
The most recent example is 11, Forest Lane, Chigwell, IG7 5AF, a Freehold house which sold for £3,000,000 in Nov 2021.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Lane, Chigwell, IG7 has a total of 44 addresses. According to our analysis of all the public data, 1, Forest Lane, Chigwell is the 17th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £2.005m more expensive than the average property in IG7.
1, Forest Lane, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Feb 2020.
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, Forest Lane, Chigwell is Chigwell station which is 900 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 1, Forest Lane, Chigwell, 50.4% of property is privately owned with a mortgage and 39.8% is privately owned outright.
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, Forest Lane, Chigwell, 19.9% of residents are recorded as possessing school level qualifications and 39.9% 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, Forest Lane, Chigwell, 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 1, Forest Lane, Chigwell, 1.1% 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 1, Forest Lane, Chigwell, there are an average of 2.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.