According to the public record, 14A, Forest Terrace, Chigwell is a modern freehold house with 1,399 ft2 of internal area and sits on a 306 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Forest Terrace, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
14A, Forest Terrace, Chigwell has 21 entries in the Land Registry database, most recently in October 2017 and a single entry in the EPC database dated March 2018.
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 14A Forest Terrace Chigwell as £708,238 and the rental value as £2,815 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 14A Forest Terrace Chigwell has increased by £12,696 (1.8%) and its rental value has increased by £89 per month (3.2%).
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 14A, Forest Terrace, Chigwell is in very good condition we estimate a sale value of £743,650 and rental value of £2,956 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £658,662 and a rental value of £2,618 per month.
If you were able to purchase this property for the estimated value of £708,238, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,481 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, 14A, Forest Terrace, Chigwell sits on a plot of 306m2.
We have plot size data on 7 out of 17 other houses in the postcode and 14A, Forest Terrace, Chigwell sits on the 5th largest plot.
According to HM Land Registry, 14A, Forest Terrace, Chigwell was last sold on 23 Oct 2017 for £375,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2017, the market for similar properties has risen 18.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14A, Forest Terrace, Chigwell within a radius of 910 metres over the last 2 years.
The most recent example is 41, Turpins Lane, Woodford Green, IG8 8AZ, a Freehold house which sold for £625,000 in Nov 2020.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Terrace, Chigwell, IG7 has a total of 18 addresses. According to our analysis of all the public data, 14A, Forest Terrace, Chigwell is the largest and the most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in IG7.
14A, Forest Terrace, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Mar 2018.
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 14A, Forest Terrace, Chigwell is Chigwell station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 14A, Forest Terrace, Chigwell, 38.0% of property is privately owned outright and 36.0% 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 14A, Forest Terrace, Chigwell, 15.1% of residents are recorded as possessing school level qualifications and 42.4% 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 14A, Forest Terrace, Chigwell, the average age was 42.3 and the most common age was 57.
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 14A, Forest Terrace, Chigwell, 0.4% 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 14A, Forest Terrace, Chigwell, there are an average of 1.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.