According to the public record, 56, Arrowsmith Road, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 806 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Arrowsmith Road, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
56, Arrowsmith Road, Chigwell has a single entry in the Land Registry database from August 2012 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.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 56 Arrowsmith Road Chigwell as £406,765 and the rental value as £2,230 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 56 Arrowsmith Road Chigwell has increased by £13,878 (3.4%) and its rental value has increased by £128 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 56, Arrowsmith Road, Chigwell is in very good condition we estimate a sale value of £427,103 and rental value of £2,342 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £378,291 and a rental value of £2,074 per month.
If you were able to purchase this property for the estimated value of £406,765, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,999 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, 56, Arrowsmith Road, Chigwell was last sold on 22 Aug 2012 for £180,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2012, the market for similar properties has risen 86.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Arrowsmith Road, Chigwell within a radius of 440 metres over the last 2 years.
The most recent example is 63, Tufter Road, Chigwell, IG7 4EB, a Freehold house which sold for £400,000 in Apr 2024.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Arrowsmith Road, Chigwell, IG7 has a total of 150 addresses. According to our analysis of all the public data, 56, Arrowsmith Road, Chigwell is the 81st largest and the 104th most expensive property on the street.
When compared to the postcode district it is £262k less expensive than the average property in IG7.
The closest station to 56, Arrowsmith Road, Chigwell is Grange Hill station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 56, Arrowsmith Road, Chigwell, 35.5% of property is socially rented and 27.3% 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 56, Arrowsmith Road, Chigwell, 22.8% of residents are recorded as possessing school level qualifications and 27.2% 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 56, Arrowsmith 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 56, Arrowsmith Road, Chigwell, 3.2% 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 56, Arrowsmith 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.