According to the public record, 6, The Friars, Chigwell is a mid-century freehold house with 1,108 ft2 of internal area and sits on a 279 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Friars, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
6, The Friars, Chigwell has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated March 2022.
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 6 The Friars Chigwell as £687,170 and the rental value as £2,708 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 6 The Friars Chigwell has increased by £24,362 (3.5%) and its rental value has increased by £159 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 6, The Friars, Chigwell is in very good condition we estimate a sale value of £721,529 and rental value of £2,844 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £639,069 and a rental value of £2,519 per month.
If you were able to purchase this property for the estimated value of £687,170, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,377 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, 6, The Friars, Chigwell sits on a plot of 279m2.
We have plot size data on 16 out of 23 other houses in the postcode and 6, The Friars, Chigwell sits on the 11th largest plot.
According to HM Land Registry, 6, The Friars, Chigwell was last sold on 05 Aug 2022 for £650,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has risen 7.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, The Friars, Chigwell within a radius of 670 metres over the last 2 years.
The most recent example is 7, The Friars, Chigwell, IG7 6NG, a Freehold house which sold for £675,000 in Nov 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Friars, Chigwell, IG7 has a total of 23 addresses. According to our analysis of all the public data, 6, The Friars, Chigwell is the 14th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £19k more expensive than the average property in IG7.
6, The Friars, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Mar 2022.
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 6, The Friars, 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 6, The Friars, Chigwell, 47.1% of property is privately owned outright and 46.2% 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 6, The Friars, Chigwell, 19.5% of residents are recorded as possessing school level qualifications and 50.4% 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 6, The Friars, 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 6, The Friars, Chigwell, 1.1% 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 6, The Friars, Chigwell, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.