According to the public record, 248, Manford Way, Chigwell is a mid-century house with 775 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Manford Way, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
248, Manford Way, Chigwell has no records in the Land Registry database and a single entry in the EPC database dated August 2015.
We combine this information with public data 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 248 Manford Way Chigwell as £393,686 and the rental value as £2,172 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 248 Manford Way Chigwell has increased by £13,075 (3.3%) and its rental value has increased by £124 per month (5.7%).
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 248, Manford Way, Chigwell is in very good condition we estimate a sale value of £413,370 and rental value of £2,281 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £366,128 and a rental value of £2,020 per month.
If you were able to purchase this property for the estimated value of £393,686, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,935 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 248, Manford Way, Chigwell within a radius of 510 metres over the last 2 years.
The most recent example is 170, Arrowsmith Road, Chigwell, IG7 4NZ, a Freehold house which sold for £385,000 in Nov 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Manford Way, Chigwell, IG7 has a total of 468 addresses. According to our analysis of all the public data, 248, Manford Way, Chigwell is the 261st largest and the 243rd most expensive property on the street.
When compared to the postcode district it is £275k less expensive than the average property in IG7.
248, Manford Way, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Aug 2015.
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 248, Manford Way, Chigwell is Hainault station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 248, Manford Way, Chigwell, 37.1% of property is socially rented and 32.1% 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 248, Manford Way, Chigwell, 18.9% of residents are recorded as possessing school level qualifications and 29.1% 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 248, Manford Way, 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 248, Manford Way, Chigwell, 0.0% 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 248, Manford Way, Chigwell, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.