According to the public record, 8, Bearing Way, Chigwell is a mid-century freehold house with 871 ft2 of internal area and sits on a 261 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Bearing Way, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
8, Bearing Way, Chigwell has 21 entries in the Land Registry database, most recently in June 2015 and a single entry in the EPC database dated June 2014.
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 8 Bearing Way Chigwell as £404,115 and the rental value as £2,186 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 8 Bearing Way Chigwell has increased by £13,422 (3.3%) and its rental value has increased by £125 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 8, Bearing Way, Chigwell is in very good condition we estimate a sale value of £424,320 and rental value of £2,295 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £375,827 and a rental value of £2,033 per month.
If you were able to purchase this property for the estimated value of £404,115, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,986 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, 8, Bearing Way, Chigwell sits on a plot of 261m2.
We have plot size data on 11 out of 27 other houses in the postcode and 8, Bearing Way, Chigwell sits on the 4th largest plot.
According to HM Land Registry, 8, Bearing Way, Chigwell was last sold on 12 Jun 2015 for £310,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2015, the market for similar properties has risen 40.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Bearing Way, Chigwell within a radius of 520 metres over the last 2 years.
The most recent example is 186, Burrow Road, Chigwell, IG7 4NH, a Freehold house which sold for £430,000 in May 2024.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bearing Way, Chigwell, IG7 has a total of 48 addresses. According to our analysis of all the public data, 8, Bearing Way, Chigwell is the 15th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £264k less expensive than the average property in IG7.
8, Bearing Way, Chigwell has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 10 Jun 2014.
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 8, Bearing Way, Chigwell is Grange Hill station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Bearing Way, Chigwell, 40.6% of property is privately owned with a mortgage and 29.0% 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 8, Bearing Way, Chigwell, 27.2% of residents are recorded as possessing school level qualifications and 34.8% 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 8, Bearing Way, Chigwell, the average age was 35.7 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 8, Bearing Way, 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 8, Bearing Way, Chigwell, 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.