According to the public record, 58, The Lowe, Chigwell is a mid-century leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Lowe, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
58, The Lowe, Chigwell has a single entry in the Land Registry database from October 2008 and a single entry in the EPC database dated September 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 58 The Lowe Chigwell as £248,471 and the rental value as £1,578 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 58 The Lowe Chigwell has increased by £2,412 (1.0%) and its rental value has increased by £51 per month (3.2%).
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, The Lowe, Chigwell is in very good condition we estimate a sale value of £260,895 and rental value of £1,657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,078 and a rental value of £1,468 per month.
If you were able to purchase this property for the estimated value of £248,471, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,221 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, The Lowe, Chigwell was last sold on 02 Oct 2008 for £152,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2008, the market for similar properties has risen 67.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, The Lowe, Chigwell within a radius of 490 metres over the last 2 years.
The most recent example is 298, Manford Way, Chigwell, IG7 4AD, a Leasehold flat which sold for £260,000 in Apr 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Lowe, Chigwell, IG7 has a total of 92 addresses. According to our analysis of all the public data, 58, The Lowe, Chigwell is the 91st largest and the 91st most expensive property on the street.
When compared to the postcode district it is £420k less expensive than the average property in IG7.
58, The Lowe, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Sep 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 58, The Lowe, Chigwell is Grange Hill station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 58, The Lowe, Chigwell, 33.3% of property is privately owned with a mortgage and 29.3% 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 58, The Lowe, Chigwell, 21.3% of residents are recorded as possessing school level qualifications and 33.7% 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, The Lowe, 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, The Lowe, 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, The Lowe, 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.