According to the public record, 49, Manford Way, Chigwell is a mid-century freehold house with 1,054 ft2 of internal area and sits on a 387 m2 plot.
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.
49, Manford Way, Chigwell has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated July 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 49 Manford Way Chigwell as £566,925 and the rental value as £2,680 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 49 Manford Way Chigwell has increased by £20,099 (3.5%) and its rental value has increased by £157 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 49, Manford Way, Chigwell is in very good condition we estimate a sale value of £595,271 and rental value of £2,814 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £527,240 and a rental value of £2,493 per month.
If you were able to purchase this property for the estimated value of £566,925, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,786 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, 49, Manford Way, Chigwell sits on a plot of 387m2.
We have plot size data on 18 out of 28 other houses in the postcode and 49, Manford Way, Chigwell sits on the 3rd largest plot.
According to HM Land Registry, 49, Manford Way, Chigwell was last sold on 11 Jan 2023 for £530,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2023, 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 49, Manford Way, Chigwell within a radius of 520 metres over the last 2 years.
The most recent example is 22, Manford Way, Chigwell, IG7 4JG, a Freehold house which sold for £575,000 in Nov 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, 49, Manford Way, Chigwell is the 86th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in IG7.
49, Manford Way, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jul 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 49, 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 49, 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 49, 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 49, 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 49, 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 49, 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.