According to the public record, 5, Brocket Way, Chigwell is a mid-century freehold house with 1,065 ft2 of internal area and sits on a 295 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Brocket Way, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
5, Brocket Way, Chigwell has a single entry in the Land Registry database from April 2020 and a single entry in the EPC database dated January 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 5 Brocket Way Chigwell as £548,053 and the rental value as £2,666 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 5 Brocket Way Chigwell has increased by £19,430 (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 5, Brocket Way, Chigwell is in very good condition we estimate a sale value of £575,456 and rental value of £2,800 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £509,689 and a rental value of £2,480 per month.
If you were able to purchase this property for the estimated value of £548,053, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,694 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, 5, Brocket Way, Chigwell sits on a plot of 295m2.
We have plot size data on 7 out of 15 other houses in the postcode and 5, Brocket Way, Chigwell sits on the 4th largest plot.
According to HM Land Registry, 5, Brocket Way, Chigwell was last sold on 02 Apr 2020 for £445,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2020, the market for similar properties has risen 21.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Brocket Way, Chigwell within a radius of 520 metres over the last 2 years.
The most recent example is 49, Manford Way, Chigwell, IG7 4JH, a Freehold house which sold for £530,000 in Jan 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brocket Way, Chigwell, IG7 has a total of 305 addresses. According to our analysis of all the public data, 5, Brocket Way, Chigwell is the 85th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £120k less expensive than the average property in IG7.
5, Brocket Way, Chigwell has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Jan 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 5, Brocket Way, 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 5, Brocket Way, 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 5, Brocket Way, 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 5, Brocket 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 5, Brocket Way, 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 5, Brocket Way, 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.