According to the public record, 5, Cedar Park, Chigwell is a modern leasehold apartment with 1,446 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Cedar Park, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
5, Cedar Park, Chigwell has 41 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated January 2023.
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 Cedar Park Chigwell as £695,190 and the rental value as £2,289 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 5 Cedar Park Chigwell has increased by £14,216 (2.0%) and its rental value has increased by £78 per month (3.4%).
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, Cedar Park, Chigwell is in very good condition we estimate a sale value of £729,950 and rental value of £2,403 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £646,527 and a rental value of £2,128 per month.
If you were able to purchase this property for the estimated value of £695,190, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,417 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, 5, Cedar Park, Chigwell was last sold on 30 Jun 2021 for £685,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2021, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 5, Cedar Park, Chigwell within a radius of 950 metres over the last 2 years.
The most recent example is 2, Cedar Park, Chigwell, IG7 5AL, a Leasehold flat which sold for £565,000 in Jun 2021.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Park, Chigwell, IG7 has a total of 12 addresses. According to our analysis of all the public data, 5, Cedar Park, Chigwell is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in IG7.
5, Cedar Park, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jan 2023.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 5, Cedar Park, Chigwell is Chigwell station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Cedar Park, Chigwell, 38.0% of property is privately owned outright and 36.0% is privately owned with a mortgage.
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, Cedar Park, Chigwell, 15.1% of residents are recorded as possessing school level qualifications and 42.4% 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, Cedar Park, 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, Cedar Park, Chigwell, 0.4% 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, Cedar Park, Chigwell, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.