According to the public record, 41, Burrow Road, Chigwell is a mid-century freehold house with 1,259 ft2 of internal area and sits on a 221 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Burrow Road, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
41, Burrow Road, Chigwell has 21 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated October 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 41 Burrow Road Chigwell as £500,030 and the rental value as £2,530 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 41 Burrow Road Chigwell has increased by £17,060 (3.4%) and its rental value has increased by £145 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 41, Burrow Road, Chigwell is in very good condition we estimate a sale value of £525,031 and rental value of £2,657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £465,028 and a rental value of £2,353 per month.
If you were able to purchase this property for the estimated value of £500,030, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,457 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, 41, Burrow Road, Chigwell sits on a plot of 221m2.
We have plot size data on 18 out of 38 other houses in the postcode and 41, Burrow Road, Chigwell sits on the 6th largest plot.
According to HM Land Registry, 41, Burrow Road, Chigwell was last sold on 04 May 2023 for £450,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2023, the market for similar properties has risen 4.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Burrow Road, Chigwell within a radius of 500 metres over the last 2 years.
The most recent example is 6, Crossbow Road, Chigwell, IG7 4EZ, a Freehold house which sold for £497,000 in Oct 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burrow Road, Chigwell, IG7 has a total of 218 addresses. According to our analysis of all the public data, 41, Burrow Road, Chigwell is the 5th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in IG7.
41, Burrow Road, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Oct 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 41, Burrow Road, Chigwell is Grange Hill station which is 1.1 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 41, Burrow Road, Chigwell, 33.3% of property is privately owned with a mortgage and 29.3% is socially 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 41, Burrow Road, Chigwell, 21.3% of residents are recorded as possessing school level qualifications and 33.7% 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 41, Burrow Road, 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 41, Burrow Road, 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 41, Burrow Road, 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.