According to the public record, 5A, Brook Mews, Chigwell is a mid-century apartment with 1,065 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Brook Mews, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
5A, Brook Mews, Chigwell has no records in the Land Registry database and a single entry in the EPC database dated June 2023.
We combine this information with public data 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 5A Brook Mews Chigwell as £384,818 and the rental value as £1,917 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5A Brook Mews Chigwell has increased by £7,815 (2.0%) and its rental value has increased by £74 per month (3.9%).
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 5A, Brook Mews, Chigwell is in very good condition we estimate a sale value of £404,059 and rental value of £2,013 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £357,881 and a rental value of £1,783 per month.
If you were able to purchase this property for the estimated value of £384,818, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,891 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5A, Brook Mews, Chigwell within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 15A, Brook Parade, Chigwell, IG7 6PQ, a Leasehold flat which sold for £314,000 in Apr 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brook Mews, Chigwell, IG7 has a total of 10 addresses. According to our analysis of all the public data, 5A, Brook Mews, Chigwell is the 3rd largest and the 5th most expensive property on the street.
When compared to the postcode district it is £284k less expensive than the average property in IG7.
5A, Brook Mews, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jun 2023.
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 5A, Brook Mews, Chigwell is Chigwell station which is 100 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 5A, Brook Mews, Chigwell, 45.1% of property is privately owned outright and 28.4% 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 5A, Brook Mews, Chigwell, 15.3% of residents are recorded as possessing school level qualifications and 31.9% 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 5A, Brook Mews, 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 5A, Brook Mews, Chigwell, 3.1% 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 5A, Brook Mews, Chigwell, there are an average of 1.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.