IG7 5AE is a residential postcode situated on Forest Lane, Chigwell, IG7 with 22 addresses.
It ranks as the 319th largest and 466th most expensive of the 477 postcodes in the IG7 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 22 properties: 22 houses.
IG7 5AE is a residential postcode situated on Forest Lane, Chigwell, IG7 with 22 addresses.
It ranks as the 319th largest and 466th most expensive of the 477 postcodes in the IG7 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 22 properties: 22 houses.
Sale prices range from £720,106 for 4 bedroom freehold houses with a garden (1,948 ft2) to £4,320,798 for 6 bedroom freehold houses with a garden (9,967 ft2) .
Monthly rental prices range from £2,753 pcm for 4 bed houses to £10,328 pcm for 6 bed houses.
The gross rental yield is between 2.9% and 4.6%.
The average value per square foot is £695.
The last sale in IG7 5AE sold for £2,600,000 on 11th February 2025. Since then prices are down an average of 1.6%.
The current average value in the postcode is £2,213,123.
The IG7 5AE Sales Market has increased by 23.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.6% | £2,213,123 |
| April 2025 | 3.5% | £2,249,665 |
| April 2024 | -2.2% | £2,174,250 |
| April 2023 | 1.6% | £2,224,113 |
| April 2022 | 7.5% | £2,188,960 |
| April 2021 | 5.6% | £2,035,672 |
| April 2020 | 1.1% | £1,926,852 |
| April 2019 | -0.1% | £1,906,370 |
| April 2018 | 1.5% | £1,908,419 |
| April 2017 | 4.5% | £1,879,963 |
| April 2016 | 11% | £1,799,813 |
| April 2015 | 10.4% | £1,622,103 |
| April 2014 | 12.6% | £1,468,707 |
| April 2013 | 9.6% | £1,304,253 |
| April 2012 | -0.3% | £1,189,680 |
| April 2011 | 3.3% | £1,193,396 |
| April 2010 | 6.9% | £1,155,468 |
| April 2009 | -8% | £1,080,654 |
| April 2008 | 4% | £1,174,207 |
| April 2007 | 0% | £1,129,481 |
The current average rental value in the postcode is £5,555.
The IG7 5AE Rental Market has increased by 45.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.2% | £5,555pcm |
| April 2025 | 3.1% | £5,433pcm |
| April 2024 | 7.6% | £5,271pcm |
| April 2023 | 13.3% | £4,899pcm |
| April 2022 | 7.2% | £4,326pcm |
| April 2021 | 3.9% | £4,036pcm |
| April 2020 | 1.6% | £3,885pcm |
| April 2019 | 1.4% | £3,825pcm |
| April 2018 | -0.9% | £3,773pcm |
| April 2017 | -0.2% | £3,807pcm |
| April 2016 | 2.2% | £3,815pcm |
| April 2015 | 4.7% | £3,734pcm |
| April 2014 | 10.4% | £3,568pcm |
| April 2013 | 4.7% | £3,232pcm |
| April 2012 | 9.2% | £3,088pcm |
| April 2011 | 6.9% | £2,827pcm |
| April 2010 | 3.8% | £2,645pcm |
| April 2009 | -4.4% | £2,549pcm |
| April 2008 | 8.1% | £2,666pcm |
| April 2007 | 0% | £2,466pcm |
The last sale was on 11th February 2025 for £2,600,000 and since then the market in the area has decreased by 1.6%. The postcode has had a total of 28 sales since 1995.
IG7 5AE has seen 1 sale in the last three years and no sales in the last twelve months.
IG7 5AE is the 319th largest and the 466th most expensive postcode out of the 477 postcodes in the IG7 area.
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The closest station to IG7 5AE is Chigwell station which is 900 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around IG7 5AE, 50.4% of property is privately owned with a mortgage and 39.8% is privately owned outright.
The graph below shows how this compares to East of England 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 IG7 5AE, 19.9% of residents are recorded as possessing school level qualifications and 39.9% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around IG7 5AE, 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 IG7 5AE, 1.1% 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 IG7 5AE, there are an average of 2.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.