According to the public record, 24, Fairview Drive, Chigwell is a mid-century freehold house with 871 ft2 of internal area and sits on a 236 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Fairview Drive, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
24, Fairview Drive, Chigwell has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated July 2022.
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 24 Fairview Drive Chigwell as £508,179 and the rental value as £2,509 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 24 Fairview Drive Chigwell has increased by £18,016 (3.5%) and its rental value has increased by £147 per month (5.9%).
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, Fairview Drive, Chigwell is in very good condition we estimate a sale value of £533,588 and rental value of £2,634 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £472,607 and a rental value of £2,333 per month.
If you were able to purchase this property for the estimated value of £508,179, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,498 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, 24, Fairview Drive, Chigwell sits on a plot of 236m2.
We have plot size data on 34 out of 55 other houses in the postcode and 24, Fairview Drive, Chigwell sits on the 13th largest plot.
According to HM Land Registry, 24, Fairview Drive, Chigwell was last sold on 05 Dec 2022 for £485,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Fairview Drive, Chigwell within a radius of 540 metres over the last 2 years.
The most recent example is 10, Fairview Drive, Chigwell, IG7 6HS, a Freehold house which sold for £197,813 in May 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fairview Drive, Chigwell, IG7 has a total of 62 addresses. According to our analysis of all the public data, 24, Fairview Drive, Chigwell is the 24th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £160k less expensive than the average property in IG7.
24, Fairview Drive, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jul 2022.
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 24, Fairview Drive, 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 24, Fairview Drive, Chigwell, 37.5% of property is privately owned with a mortgage and 27.8% 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 24, Fairview Drive, Chigwell, 24.7% of residents are recorded as possessing school level qualifications and 34.9% 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 24, Fairview Drive, 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 24, Fairview Drive, Chigwell, 0.5% 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 24, Fairview Drive, Chigwell, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.