According to the public record, 59, Lechmere Avenue, Chigwell is a early-century freehold house with 1,097 ft2 of internal area and sits on a 581 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lechmere Avenue, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
59, Lechmere Avenue, Chigwell has a single entry in the Land Registry database from October 2015 and a single entry in the EPC database dated April 2021.
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 59 Lechmere Avenue Chigwell as £776,986 and the rental value as £2,835 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 59 Lechmere Avenue Chigwell has increased by £27,434 (3.5%) and its rental value has increased by £162 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 59, Lechmere Avenue, Chigwell is in very good condition we estimate a sale value of £815,835 and rental value of £2,977 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £722,597 and a rental value of £2,636 per month.
If you were able to purchase this property for the estimated value of £776,986, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,819 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 data from HM Land Registry, 59, Lechmere Avenue, Chigwell sits on a plot of 581m2.
We have plot size data on 18 out of 30 other houses in the postcode and 59, Lechmere Avenue, Chigwell sits on the largest plot.
According to HM Land Registry, 59, Lechmere Avenue, Chigwell was last sold on 12 Oct 2015 for £600,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2015, the market for similar properties has risen 34.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Lechmere Avenue, Chigwell within a radius of 820 metres over the last 2 years.
The most recent example is 19, Hycliffe Gardens, Chigwell, IG7 5HJ, a Freehold house which sold for £795,000 in Jan 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lechmere Avenue, Chigwell, IG7 has a total of 108 addresses. According to our analysis of all the public data, 59, Lechmere Avenue, Chigwell is the 52nd largest and the 49th most expensive property on the street.
When compared to the postcode district it is £108k more expensive than the average property in IG7.
59, Lechmere Avenue, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Apr 2021.
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 59, Lechmere Avenue, Chigwell is Grange Hill station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 59, Lechmere Avenue, Chigwell, 45.6% of property is privately owned outright and 39.0% 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 59, Lechmere Avenue, Chigwell, 14.3% of residents are recorded as possessing school level qualifications and 48.3% 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 59, Lechmere 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 59, Lechmere Avenue, Chigwell, 0.5% 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 59, Lechmere Avenue, Chigwell, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.