According to the public record, 40, Manford Way, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,415 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Manford Way, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
40, Manford Way, Chigwell has a single entry in the Land Registry database from May 2007 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 40 Manford Way Chigwell as £647,806 and the rental value as £2,943 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 40 Manford Way Chigwell has increased by £17,423 (2.7%) and its rental value has increased by £147 per month (5.0%).
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 40, Manford Way, Chigwell is in very good condition we estimate a sale value of £680,196 and rental value of £3,090 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £602,459 and a rental value of £2,737 per month.
If you were able to purchase this property for the estimated value of £647,806, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,184 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, 40, Manford Way, Chigwell was last sold on 11 May 2007 for £292,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 103.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Manford Way, Chigwell within a radius of 530 metres over the last 2 years.
The most recent example is 50, Fairview Drive, Chigwell, IG7 6HS, a Freehold house which sold for £700,000 in Jun 2022.
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, 40, Manford Way, Chigwell is the 10th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £21k less expensive than the average property in IG7.
The closest station to 40, Manford Way, Chigwell is Grange Hill station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Manford Way, Chigwell, 38.5% of property is privately owned with a mortgage and 24.6% 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 40, Manford Way, Chigwell, 19.7% of residents are recorded as possessing school level qualifications and 36.0% 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 40, Manford Way, 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 40, 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 40, Manford Way, Chigwell, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.