According to the public record, Flat 8, Park Grange 151, Chigwell is a modern leasehold apartment with 1,033 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Park Grange, Manor Road, Chigwell, IG7.
Manor Road, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
Flat 8, Park Grange 151, Chigwell has 21 entries in the Land Registry database, most recently in June 2017 and a single entry in the EPC database dated December 2016.
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 Flat 8 Park Grange 151 Chigwell as £482,230 and the rental value as £2,114 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 8 Park Grange 151 Chigwell has increased by £3,165 (0.7%) and its rental value has increased by £62 per month (2.9%).
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 Flat 8, Park Grange 151, Chigwell is in very good condition we estimate a sale value of £506,341 and rental value of £2,220 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £448,474 and a rental value of £1,966 per month.
If you were able to purchase this property for the estimated value of £482,230, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,370 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, Flat 8, Park Grange 151, Chigwell was last sold on 30 Jun 2017 for £415,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2017, the market for similar properties has risen 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Park Grange 151, Chigwell within a radius of 610 metres over the last 2 years.
The most recent example is 3, Chigwell Heights 212, Manor Road, Chigwell, IG7 4FB, a Leasehold flat which sold for £500,000 in Jun 2022.
Read more about house prices in IG7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Manor Road, Chigwell, IG7 has a total of 294 addresses. According to our analysis of all the public data, Flat 8, Park Grange 151, Chigwell is the 202nd largest and the 217th most expensive property on the street.
When compared to the postcode district it is £186k less expensive than the average property in IG7.
Flat 8, Park Grange 151, Chigwell has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Dec 2016.
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 Flat 8, Park Grange 151, Chigwell is Grange Hill station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, Park Grange 151, Chigwell, 48.7% of property is privately owned with a mortgage and 37.8% is privately owned outright.
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 Flat 8, Park Grange 151, Chigwell, 23.7% of residents are recorded as possessing school level qualifications and 45.8% 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 Flat 8, Park Grange 151, 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 Flat 8, Park Grange 151, Chigwell, 0.7% 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 Flat 8, Park Grange 151, Chigwell, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.