According to the public record, 287, Brocket Way, Chigwell is a mid-century freehold house with 1,065 ft2 of internal area and sits on a 276 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Brocket Way, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
287, Brocket Way, Chigwell has 31 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated September 2020.
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 287 Brocket Way Chigwell as £478,823 and the rental value as £2,485 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 287 Brocket Way Chigwell has increased by £15,566 (3.3%) and its rental value has increased by £141 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 287, Brocket Way, Chigwell is in very good condition we estimate a sale value of £502,764 and rental value of £2,610 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £445,306 and a rental value of £2,311 per month.
If you were able to purchase this property for the estimated value of £478,823, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,353 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, 287, Brocket Way, Chigwell sits on a plot of 276m2.
We have plot size data on 18 out of 30 other houses in the postcode and 287, Brocket Way, Chigwell sits on the 5th largest plot.
According to HM Land Registry, 287, Brocket Way, Chigwell was last sold on 04 Nov 2021 for £403,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2021, the market for similar properties has risen 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 287, Brocket Way, Chigwell within a radius of 640 metres over the last 2 years.
The most recent example is 294, Brocket Way, Chigwell, IG7 4LU, a Freehold house which sold for £450,000 in Sep 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brocket Way, Chigwell, IG7 has a total of 305 addresses. According to our analysis of all the public data, 287, Brocket Way, Chigwell is the 87th largest and the 108th most expensive property on the street.
When compared to the postcode district it is £190k less expensive than the average property in IG7.
287, Brocket Way, Chigwell has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Sep 2020.
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 287, Brocket Way, Chigwell is Grange Hill station which is 1.7 kilometres 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 287, Brocket Way, Chigwell, 35.1% of property is privately owned with a mortgage and 25.8% 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 287, Brocket Way, Chigwell, 29.8% of residents are recorded as possessing school level qualifications and 29.0% 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 287, Brocket 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 287, Brocket Way, Chigwell, 0.4% 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 287, Brocket Way, Chigwell, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.