According to the public record, 53, Oak Lodge Avenue, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,150 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Oak Lodge Avenue, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
53, Oak Lodge Avenue, Chigwell has a single entry in the Land Registry database from December 2009 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 53 Oak Lodge Avenue Chigwell as £819,750 and the rental value as £2,956 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 53 Oak Lodge Avenue Chigwell has increased by £29,083 (3.5%) and its rental value has increased by £174 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 53, Oak Lodge Avenue, Chigwell is in very good condition we estimate a sale value of £860,738 and rental value of £3,104 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £762,368 and a rental value of £2,749 per month.
If you were able to purchase this property for the estimated value of £819,750, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,029 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, 53, Oak Lodge Avenue, Chigwell was last sold on 29 Dec 2009 for £397,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2009, the market for similar properties has risen 87.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53, Oak Lodge Avenue, Chigwell within a radius of 510 metres over the last 2 years.
The most recent example is 66, Grange Crescent, Chigwell, IG7 5JF, a Freehold house which sold for £820,000 in Jul 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Lodge Avenue, Chigwell, IG7 has a total of 73 addresses. According to our analysis of all the public data, 53, Oak Lodge Avenue, Chigwell is the 51st largest and the 48th most expensive property on the street.
When compared to the postcode district it is £151k more expensive than the average property in IG7.
The closest station to 53, Oak Lodge Avenue, Chigwell is Grange Hill station which is 300 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 53, Oak Lodge Avenue, Chigwell, 48.7% of property is privately owned with a mortgage and 37.8% 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 53, Oak Lodge Avenue, Chigwell, 23.7% of residents are recorded as possessing school level qualifications and 45.8% 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 53, Oak Lodge Avenue, 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 53, Oak Lodge Avenue, Chigwell, 0.7% 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 53, Oak Lodge Avenue, Chigwell, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.