16, New Forest Lane
16, New Forest Lane
Description & Estimates
16, New Forest Lane, Chigwell is recorded publicly as an early-century freehold house across 2,600 ft2 of internal area, sitting on a 698 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 16, New Forest Lane, Chigwell is £1,613,077 and its rental estimate is £3,537 per month, given the available information and assuming reasonable condition.
New Forest Lane, Chigwell, IG7 falls within the IG7 postal district, in the borough of Epping Forest.
Our Data Sources
16, New Forest Lane, Chigwell has 31 entries in the Land Registry , most recently in May 2010 and a single entry in the EPC database dated April 2009.
We combine this information with that 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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, New Forest Lane, Chigwell, we estimate a market value of £1,693,731 and a rental value of £3,714 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,500,161 and £3,290 per month respectively.
Recent Market Change
Over the last year, 16, New Forest Lane, Chigwell has seen its estimated sale value move down by £52,082 (3.2%) and its estimated rental value increase by £69 per month (2.0%). This results in an estimated gross rental yield of 2.6%.
Plot Size
HM Land Registry records the plot of land for 16, New Forest Lane, Chigwell as measuring 698 m2.
That makes it the 17th largest plot in the postcode, where all 18 other houses have recorded plot data.
Energy Efficiency
16, New Forest Lane, Chigwell has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 06 Apr 2009.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16, New Forest Lane, Chigwell completed on 19th May 2010 at £913,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 34.2% over the period since May 2010.
- Sold May 2010£913,000
- Sold Jan 2007£800,000
- Sold Feb 1998£495,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, New Forest Lane, Chigwell have sold within a radius of 740 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th February 2022, was The Pavilion, Clarence Gate, Woodford Green, IG8 8GQ, a freehold house which sold for £49,000.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 18 addresses on New Forest Lane, Chigwell, IG7, 16, New Forest Lane, Chigwell comes out as the 13th largest and the 10th most expensive in our analysis of the public data.
It is also £977k more expensive than the average property across the IG7 district.
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Schools Nearby
- 1.0kmRoding Primary School
- 1.2kmFairlop Primary School
- 1.3kmLimes Farm Junior School
- 700mWest Hatch High School
- 1.6kmCaterham High School
- 1.8kmIlford County High School
More reading links
Public Transport Nearby
From 16, New Forest Lane, Chigwell, the nearest station is Chigwell, 1.2 kilometres away.
- 1.2kmChigwell
- 1.7kmGrange Hill
- 1.7kmHainault
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
