According to the public record, 2, Hazelwood Park Close, Chigwell is a modern leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Hazelwood Park Close, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
2, Hazelwood Park Close, Chigwell has 21 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated July 2018.
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 2 Hazelwood Park Close Chigwell as £223,209 and the rental value as £1,378 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 2 Hazelwood Park Close Chigwell has increased by £2,862 (1.3%) and its rental value has increased by £49 per month (3.5%).
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 2, Hazelwood Park Close, Chigwell is in very good condition we estimate a sale value of £234,369 and rental value of £1,446 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,584 and a rental value of £1,281 per month.
If you were able to purchase this property for the estimated value of £223,209, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,097 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, 2, Hazelwood Park Close, Chigwell was last sold on 22 Nov 2021 for £190,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 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 2, Hazelwood Park Close, Chigwell within a radius of 460 metres over the last 2 years.
The most recent example is Flat 6, Hazel Court 92, Manford Way, Chigwell, IG7 4JL, a Leasehold flat which sold for £222,500 in Oct 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hazelwood Park Close, Chigwell, IG7 has a total of 58 addresses. According to our analysis of all the public data, 2, Hazelwood Park Close, Chigwell is the 57th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £445k less expensive than the average property in IG7.
2, Hazelwood Park Close, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jul 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 2, Hazelwood Park Close, Chigwell is Hainault station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Hazelwood Park Close, Chigwell, 36.5% of property is privately owned with a mortgage and 31.8% is privately 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 2, Hazelwood Park Close, Chigwell, 15.7% of residents are recorded as possessing school level qualifications and 42.9% 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 2, Hazelwood Park 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 2, Hazelwood Park Close, Chigwell, 1.6% 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 2, Hazelwood Park 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.