According to the public record, 16, Fairview Road, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,734 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Fairview Road, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
16, Fairview Road, Chigwell has a single entry in the Land Registry database from February 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Fairview Road Chigwell as £1,116,743 and the rental value as £3,297 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 16 Fairview Road Chigwell has increased by £16,032 (1.4%) and its rental value has increased by £123 per month (3.7%).
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 16, Fairview Road, Chigwell is in very good condition we estimate a sale value of £1,172,580 and rental value of £3,461 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,038,571 and a rental value of £3,066 per month.
If you were able to purchase this property for the estimated value of £1,116,743, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,488 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, 16, Fairview Road, Chigwell was last sold on 20 Feb 2006 for £410,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Fairview Road, Chigwell within a radius of 640 metres over the last 2 years.
The most recent example is 2, Grange Manor 1B, Grange Crescent, Chigwell, IG7 5JB, a Freehold house which sold for £847,500 in Apr 2017.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fairview Road, Chigwell, IG7 has a total of 38 addresses. According to our analysis of all the public data, 16, Fairview Road, Chigwell is the 6th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £448k more expensive than the average property in IG7.
The closest station to 16, Fairview Road, Chigwell is Grange Hill station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Fairview Road, 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 16, Fairview Road, 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 16, Fairview Road, 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 16, Fairview Road, 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 16, Fairview Road, 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.