According to the public record, 12, The Ridings, Chigwell is a mid-century leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Ridings, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
12, The Ridings, Chigwell has 21 entries in the Land Registry database, most recently in November 2013 and a single entry in the EPC database dated July 2023.
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 12 The Ridings Chigwell as £296,897 and the rental value as £1,722 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 12 The Ridings Chigwell has increased by £2,415 (0.8%) and its rental value has increased by £55 per month (3.2%).
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 12, The Ridings, Chigwell is in very good condition we estimate a sale value of £311,742 and rental value of £1,808 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,114 and a rental value of £1,602 per month.
If you were able to purchase this property for the estimated value of £296,897, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,459 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 HM Land Registry, 12, The Ridings, Chigwell was last sold on 12 Nov 2013 for £179,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2013, the market for similar properties has risen 47.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, The Ridings, Chigwell within a radius of 630 metres over the last 2 years.
The most recent example is 26, The Ridings, Chigwell, IG7 4QY, a Leasehold flat which sold for £275,000 in Jul 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Ridings, Chigwell, IG7 has a total of 35 addresses. According to our analysis of all the public data, 12, The Ridings, Chigwell is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £372k less expensive than the average property in IG7.
12, The Ridings, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jul 2023.
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 12, The Ridings, Chigwell is Grange Hill station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, The Ridings, Chigwell, 35.1% of property is privately owned with a mortgage and 25.8% 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 12, The Ridings, Chigwell, 29.8% of residents are recorded as possessing school level qualifications and 29.0% 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 12, The Ridings, Chigwell, the average age was 35.7 and the most common age was 32.
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 12, The Ridings, Chigwell, 0.4% 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 12, The Ridings, Chigwell, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.