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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 16, Lotus Close, Chigwell is a modern house with 861 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Lotus Close, Chigwell is £265,477 and the estimated rental value is £1,371 per month.
Lotus Close, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
16, Lotus Close, Chigwell has no records in the the Land Registry and a single entry in the EPC database dated February 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 16, Lotus Close, Chigwell is in very good condition we estimate a sale value of £278,751 and a rental value of £1,439 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £246,893 and a rental value of £1,275 per month.
Over the last 12 months the sale value of 16 Lotus Close Chigwell has decreased by an estimated £2,332 (0.9%) and its rental value has increased by an estimated £41 per month (3.0%), giving an expected gross yield of 6.2%.
16, Lotus Close, Chigwell has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Feb 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 16, Lotus Close, Chigwell within a radius of 1.4 kilometres over the last 2 years.
The most recent example is 242, Turpin Avenue, Romford, RM5 2PP, a freehold house which sold for £165,000 on the 16th April 2010.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lotus Close, Chigwell, IG7 has a total of 35 addresses. According to our analysis of all the public data, 16, Lotus Close, Chigwell is the 22nd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £376k less expensive than the average property in IG7.
The nearest school is Forest Academy which is 1.6 kilometres away. The nearest train station is Hainault which is 3.1 kilometres away.
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