According to the public record, 58, Manford Way, Chigwell is a mid-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Manford Way, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
58, Manford Way, Chigwell has a single entry in the Land Registry database from August 2017 and a single entry in the EPC database dated March 2017.
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 58 Manford Way Chigwell as £202,607 and the rental value as £1,305 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 58 Manford Way Chigwell has increased by £2,685 (1.3%) and its rental value has increased by £47 per month (3.6%).
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 58, Manford Way, Chigwell is in very good condition we estimate a sale value of £212,737 and rental value of £1,371 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £188,424 and a rental value of £1,214 per month.
If you were able to purchase this property for the estimated value of £202,607, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £996 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, 58, Manford Way, Chigwell was last sold on 08 Aug 2017 for £212,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2017, the market for similar properties has risen 14.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Manford Way, Chigwell within a radius of 500 metres over the last 2 years.
The most recent example is 64, Manford Way, Chigwell, IG7 4JG, a Leasehold flat which sold for £202,500 in Dec 2021.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Manford Way, Chigwell, IG7 has a total of 468 addresses. According to our analysis of all the public data, 58, Manford Way, Chigwell is the 400th largest and the 459th most expensive property on the street.
When compared to the postcode district it is £466k less expensive than the average property in IG7.
58, Manford Way, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Mar 2017.
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 58, Manford Way, Chigwell is Grange Hill station which is 300 metres 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 58, Manford Way, Chigwell, 38.5% of property is privately owned with a mortgage and 24.6% 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 58, Manford Way, Chigwell, 19.7% of residents are recorded as possessing school level qualifications and 36.0% 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 58, Manford Way, 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 58, Manford Way, Chigwell, 0.0% 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 58, Manford Way, Chigwell, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.