According to the public record, 5, Fletcher Road, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 759 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Fletcher Road, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
5, Fletcher Road, Chigwell has 21 entries in the Land Registry database, most recently in August 2011 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Fletcher Road Chigwell as £365,728 and the rental value as £2,025 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 5 Fletcher Road Chigwell has increased by £12,478 (3.4%) and its rental value has increased by £116 per month (5.7%).
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, Fletcher Road, Chigwell is in very good condition we estimate a sale value of £384,014 and rental value of £2,126 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,127 and a rental value of £1,883 per month.
If you were able to purchase this property for the estimated value of £365,728, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,797 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, Fletcher Road, Chigwell was last sold on 31 Aug 2011 for £232,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2011, the market for similar properties has risen 86.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Fletcher Road, Chigwell within a radius of 450 metres over the last 2 years.
The most recent example is 124, Arrowsmith Road, Chigwell, IG7 4PF, a Freehold house which sold for £400,000 in May 2024.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fletcher Road, Chigwell, IG7 has a total of 28 addresses. According to our analysis of all the public data, 5, Fletcher Road, Chigwell is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £303k less expensive than the average property in IG7.
The closest station to 5, Fletcher Road, Chigwell is Hainault station which is 1.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Fletcher Road, Chigwell, 40.6% of property is privately owned with a mortgage and 26.8% is socially 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, Fletcher Road, Chigwell, 24.0% of residents are recorded as possessing school level qualifications and 28.9% 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, Fletcher Road, 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, Fletcher Road, Chigwell, 0.2% 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, Fletcher Road, Chigwell, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.