According to the public record, 1, Martinsfield Close, Chigwell is a modern freehold house with 1,844 ft2 of internal area and sits on a 362 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Martinsfield Close, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
1, Martinsfield Close, Chigwell has a single entry in the Land Registry database from February 2011 and a single entry in the EPC database dated September 2010.
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 Martinsfield Close Chigwell as £1,017,173 and the rental value as £3,160 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 1 Martinsfield Close Chigwell has increased by £27,357 (2.7%) and its rental value has increased by £158 per month (5.0%).
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, Martinsfield Close, Chigwell is in very good condition we estimate a sale value of £1,068,031 and rental value of £3,318 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £945,971 and a rental value of £2,939 per month.
If you were able to purchase this property for the estimated value of £1,017,173, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,999 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, Martinsfield Close, Chigwell sits on a plot of 362m2.
We have plot size data on 2 out of 11 other houses in the postcode and 1, Martinsfield Close, Chigwell sits on the 2nd largest plot.
According to HM Land Registry, 1, Martinsfield Close, Chigwell was last sold on 11 Feb 2011 for £580,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2011, the market for similar properties has risen 83.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Martinsfield Close, Chigwell within a radius of 670 metres over the last 2 years.
The most recent example is 1, The Friars, Chigwell, IG7 6NG, a Freehold house which sold for £1,000,000 in Oct 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Martinsfield Close, Chigwell, IG7 has a total of 11 addresses. According to our analysis of all the public data, 1, Martinsfield Close, Chigwell is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £349k more expensive than the average property in IG7.
1, Martinsfield Close, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Sep 2010.
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, Martinsfield Close, Chigwell is Grange Hill station which is 500 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, Martinsfield Close, Chigwell, 47.1% of property is privately owned outright and 46.2% 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 1, Martinsfield Close, Chigwell, 19.5% of residents are recorded as possessing school level qualifications and 50.4% 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, Martinsfield 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, Martinsfield Close, Chigwell, 1.1% 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, Martinsfield Close, Chigwell, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.