According to the public record, 42, Fairview Drive, Chigwell is a mid-century freehold house with 1,205 ft2 of internal area and sits on a 266 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.
42, Fairview Drive, Chigwell has 21 entries in the Land Registry database, most recently in January 2013 and a single entry in the EPC database dated August 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 42 Fairview Drive Chigwell as £592,396 and the rental value as £2,721 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 42 Fairview Drive Chigwell has increased by £21,002 (3.5%) and its rental value has increased by £160 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 42, Fairview Drive, Chigwell is in very good condition we estimate a sale value of £622,015 and rental value of £2,857 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £550,928 and a rental value of £2,531 per month.
If you were able to purchase this property for the estimated value of £592,396, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,911 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, 42, Fairview Drive, Chigwell sits on a plot of 266m2.
We have plot size data on 34 out of 55 other houses in the postcode and 42, Fairview Drive, Chigwell sits on the 10th largest plot.
According to HM Land Registry, 42, Fairview Drive, Chigwell was last sold on 18 Jan 2013 for £288,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2013, the market for similar properties has risen 85.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Fairview Drive, Chigwell within a radius of 530 metres over the last 2 years.
The most recent example is 9, Manford Way, Chigwell, IG7 4JH, a Freehold house which sold for £555,000 in Feb 2024.
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, 42, Fairview Drive, Chigwell is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in IG7.
42, Fairview Drive, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Aug 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 42, 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 42, 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 42, 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 42, 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 42, 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 42, 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.