According to the public record, 7, Shrublands Close, Chigwell is a mid-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Shrublands Close, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
7, Shrublands Close, Chigwell has 21 entries in the Land Registry database, most recently in May 2010 and a single entry in the EPC database dated June 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 7 Shrublands Close Chigwell as £332,274 and the rental value as £1,675 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 7 Shrublands Close Chigwell has increased by £5,153 (1.6%) and its rental value has increased by £50 per month (3.0%).
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 7, Shrublands Close, Chigwell is in very good condition we estimate a sale value of £348,887 and rental value of £1,758 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £309,014 and a rental value of £1,557 per month.
If you were able to purchase this property for the estimated value of £332,274, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,633 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, 7, Shrublands Close, Chigwell was last sold on 07 May 2010 for £220,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2010, the market for similar properties has risen 61.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Shrublands Close, Chigwell within a radius of 530 metres over the last 2 years.
The most recent example is 20, Shrublands Close, Chigwell, IG7 5DZ, a Leasehold flat which sold for £332,500 in Nov 2023.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shrublands Close, Chigwell, IG7 has a total of 52 addresses. According to our analysis of all the public data, 7, Shrublands Close, Chigwell is the 50th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £336k less expensive than the average property in IG7.
7, Shrublands Close, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jun 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 7, Shrublands Close, Chigwell is Grange Hill station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Shrublands Close, Chigwell, 39.2% of property is privately owned outright and 36.8% 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 7, Shrublands Close, Chigwell, 19.2% of residents are recorded as possessing school level qualifications and 39.0% 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 7, Shrublands Close, 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 7, Shrublands Close, Chigwell, 1.9% 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 7, Shrublands Close, Chigwell, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.