According to the public record, 5, Brook Way, Chigwell is a mid-century freehold house with 3,369 ft2 of internal area and sits on a 538 m2 plot.
Houses of this size in this area normally have 6 bedrooms with a garden.
Brook Way, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
5, Brook Way, Chigwell has a single entry in the Land Registry database from May 2007 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 5 Brook Way Chigwell as £2,047,356 and the rental value as £5,926 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 5 Brook Way Chigwell has increased by £25,574 (1.2%) and its rental value has increased by £184 per month (3.1%).
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, Brook Way, Chigwell is in very good condition we estimate a sale value of £2,149,723 and rental value of £6,222 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,904,041 and a rental value of £5,511 per month.
If you were able to purchase this property for the estimated value of £2,047,356, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £10,062 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, Brook Way, Chigwell sits on a plot of 538m2.
We have plot size data on 10 out of 13 other houses in the postcode and 5, Brook Way, Chigwell sits on the 7th largest plot.
According to HM Land Registry, 5, Brook Way, Chigwell was last sold on 08 May 2007 for £720,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 91.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Brook Way, Chigwell within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 3, Chester Road, Chigwell, IG7 6AH, a Freehold house which sold for £1,330,000 in Jan 2020.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brook Way, Chigwell, IG7 has a total of 28 addresses. According to our analysis of all the public data, 5, Brook Way, Chigwell is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £1.379m more expensive than the average property in IG7.
5, Brook Way, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, mains gas, Boiler and radiators, mains gas.
The closest station to 5, Brook Way, Chigwell is Chigwell station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Brook Way, Chigwell, 53.0% of property is privately owned with a mortgage and 41.9% 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, Brook Way, Chigwell, 22.3% of residents are recorded as possessing school level qualifications and 46.3% 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, Brook Way, Chigwell, the average age was 42.3 and the most common age was 57.
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 5, Brook Way, Chigwell, 2.4% 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 5, Brook Way, Chigwell, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.