According to the public record, 639, Chigwell Road, Woodford Green is a modern freehold house with 473 ft2 of internal area and sits on a 58.9 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Chigwell Road, Woodford Green, IG8 is located in the borough of Redbridge within the IG8 postal district.
639, Chigwell Road, Woodford Green has 51 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated June 2015.
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 639 Chigwell Road Woodford Green as £346,671 and the rental value as £1,628 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 639 Chigwell Road Woodford Green has increased by £8,820 (2.5%) and its rental value has increased by £57 per month (3.5%).
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 639, Chigwell Road, Woodford Green is in very good condition we estimate a sale value of £364,004 and rental value of £1,709 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £322,404 and a rental value of £1,514 per month.
If you were able to purchase this property for the estimated value of £346,671, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,704 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, 639, Chigwell Road, Woodford Green sits on a plot of 59m2.
We have plot size data on 9 out of 14 other houses in the postcode and 639, Chigwell Road, Woodford Green sits on the 9th largest plot.
According to HM Land Registry, 639, Chigwell Road, Woodford Green was last sold on 22 Nov 2021 for £343,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Nov 2021, the market for similar properties has risen 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 639, Chigwell Road, Woodford Green within a radius of 600 metres over the last 2 years.
The most recent example is 11, Rose Tree Mews, Woodford Green, IG8 8GJ, a Freehold house which sold for £360,000 in Mar 2021.
Read more about house prices in IG8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chigwell Road, Woodford Green, IG8 has a total of 311 addresses. According to our analysis of all the public data, 639, Chigwell Road, Woodford Green is the 289th largest and the 173rd most expensive property on the street.
When compared to the postcode district it is £284k less expensive than the average property in IG8.
639, Chigwell Road, Woodford Green has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jun 2015.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 639, Chigwell Road, Woodford Green is Woodford station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 639, Chigwell Road, Woodford Green, 33.1% of property is privately owned with a mortgage and 32.4% 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 639, Chigwell Road, Woodford Green, 18.1% of residents are recorded as possessing school level qualifications and 40.4% 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 639, Chigwell Road, Woodford Green, the average age was 39.2 and the most common age was 32.
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 639, Chigwell Road, Woodford Green, 1.2% 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 639, Chigwell Road, Woodford Green, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.