According to the public record, 5 Cobdens, Chigwell is a mid-century leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Cobdens, Limes Avenue, Chigwell, IG7.
Limes Avenue, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
5 Cobdens, Chigwell has 2 entries in the Land Registry database, most recently in January 2017 and a single entry in the EPC database dated October 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 Cobdens Chigwell as £229,202 and the rental value as £1,470 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 5 Cobdens Chigwell has increased by £2,613 (1.1%) and its rental value has increased by £44 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 5 Cobdens, Chigwell is in very good condition we estimate a sale value of £240,662 and rental value of £1,544 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,158 and a rental value of £1,368 per month.
If you were able to purchase this property for the estimated value of £229,202, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,126 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 Cobdens, Chigwell was last sold on 25 Jan 2017 for £250,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2017, the market for similar properties has risen 10.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 Cobdens, Chigwell within a radius of 440 metres over the last 2 years.
The most recent example is 10 Cobdens, Limes Avenue, Chigwell, IG7 5NT, a Leasehold flat which sold for £270,000 in Sep 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Limes Avenue, Chigwell, IG7 has a total of 378 addresses. According to our analysis of all the public data, 5 Cobdens, Chigwell is the 307th largest and the 207th most expensive property on the street.
When compared to the postcode district it is £439k less expensive than the average property in IG7.
5 Cobdens, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Oct 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 Cobdens, Chigwell is Hainault station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5 Cobdens, 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 5 Cobdens, 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 5 Cobdens, 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 5 Cobdens, 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 5 Cobdens, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.