According to the public record, 24, Brook Way, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,577 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Brook Way, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
24, Brook Way, Chigwell has a single entry in the Land Registry database from August 2008 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 24 Brook Way Chigwell as £1,270,437 and the rental value as £4,223 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 24 Brook Way Chigwell has increased by £15,869 (1.2%) and its rental value has increased by £131 per month (3.1%).
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 24, Brook Way, Chigwell is in very good condition we estimate a sale value of £1,333,959 and rental value of £4,434 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,181,506 and a rental value of £3,927 per month.
If you were able to purchase this property for the estimated value of £1,270,437, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,244 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, 24, Brook Way, Chigwell was last sold on 04 Aug 2008 for £680,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2008, the market for similar properties has risen 101.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Brook Way, Chigwell within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 22, Brook Way, Chigwell, IG7 6AW, a Freehold house which sold for £1,215,000 in Jan 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brook Way, Chigwell, IG7 has a total of 28 addresses. According to our analysis of all the public data, 24, Brook Way, Chigwell is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £602k more expensive than the average property in IG7.
The closest station to 24, Brook Way, Chigwell is Chigwell station which is 300 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 24, Brook Way, Chigwell, 53.0% of property is privately owned with a mortgage and 41.9% 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 24, Brook Way, Chigwell, 22.3% of residents are recorded as possessing school level qualifications and 46.3% 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 24, Brook Way, 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 24, Brook Way, Chigwell, 2.4% 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 24, Brook Way, Chigwell, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.