According to the public record, 9, Lechmere Avenue, Chigwell is a early-century freehold house with 1,205 ft2 of internal area and sits on a 384 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.
9, Lechmere Avenue, Chigwell has a single entry in the Land Registry database from November 2023 and a single entry in the EPC database dated October 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 9 Lechmere Avenue Chigwell as £798,916 and the rental value as £2,846 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 9 Lechmere Avenue Chigwell has increased by £28,208 (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 9, Lechmere Avenue, Chigwell is in very good condition we estimate a sale value of £838,862 and rental value of £2,989 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £742,992 and a rental value of £2,647 per month.
If you were able to purchase this property for the estimated value of £798,916, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,926 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, 9, Lechmere Avenue, Chigwell sits on a plot of 384m2.
We have plot size data on 18 out of 30 other houses in the postcode and 9, Lechmere Avenue, Chigwell sits on the 11th largest plot.
According to HM Land Registry, 9, Lechmere Avenue, Chigwell was last sold on 24 Nov 2023 for £750,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2023, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Lechmere Avenue, Chigwell within a radius of 680 metres over the last 2 years.
The most recent example is 42, Dacre Gardens, Chigwell, IG7 5HG, a Freehold house which sold for £885,000 in Jul 2022.
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, 9, Lechmere Avenue, Chigwell is the 45th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £130k more expensive than the average property in IG7.
9, Lechmere Avenue, Chigwell has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Oct 2022.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 9, 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 9, 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 9, 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 9, 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 9, 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 9, 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.