According to the public record, 493, Copperfield, Chigwell is a mid-century leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Copperfield, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
493, Copperfield, Chigwell has a single entry in the Land Registry database from December 2016 and a single entry in the EPC database dated September 2016.
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 493 Copperfield Chigwell as £206,904 and the rental value as £1,366 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 493 Copperfield Chigwell has increased by £2,358 (1.1%) and its rental value has increased by £40 per month (3.0%).
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 493, Copperfield, Chigwell is in very good condition we estimate a sale value of £217,249 and rental value of £1,434 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £192,421 and a rental value of £1,270 per month.
If you were able to purchase this property for the estimated value of £206,904, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,017 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, 493, Copperfield, Chigwell was last sold on 01 Dec 2016 for £182,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2016, the market for similar properties has risen 10.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 493, Copperfield, Chigwell within a radius of 430 metres over the last 2 years.
The most recent example is 35, Trotwood, Chigwell, IG7 5JN, a Leasehold flat which sold for £257,000 in Jul 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Copperfield, Chigwell, IG7 has a total of 422 addresses. According to our analysis of all the public data, 493, Copperfield, Chigwell is the 402nd largest and the 322nd most expensive property on the street.
When compared to the postcode district it is £462k less expensive than the average property in IG7.
493, Copperfield, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Sep 2016.
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 493, Copperfield, Chigwell is Hainault station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 493, Copperfield, Chigwell, 54.9% of property is socially rented and 23.0% 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 493, Copperfield, Chigwell, 29.2% of residents are recorded as possessing school level qualifications and 25.9% 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 493, Copperfield, Chigwell, the average age was 38.7 and the most common age was 32.
The graph below shows how this compares to East of England 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 493, Copperfield, Chigwell, 0.0% of property was a second home.
Comparison figures for East of England 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 493, Copperfield, Chigwell, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.