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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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197, Brocket Way, Chigwell is recorded publicly as a period freehold house across 1,205 ft2 of internal area, sitting on a 293 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 197, Brocket Way, Chigwell is £484,463 and its rental estimate is £2,824 per month, given the available information and assuming reasonable condition.
Brocket Way, Chigwell, IG7 falls within the IG7 postal district, in the borough of Redbridge.
197, Brocket Way, Chigwell has a single entry in the Land Registry from May 2019 and a single entry in the EPC database dated January 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 197, Brocket Way, Chigwell, we estimate a market value of £508,686 and a rental value of £2,965 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £450,551 and £2,626 per month respectively.
Over the last year, 197, Brocket Way, Chigwell has seen its estimated sale value decrease by £11,705 (2.4%) and its estimated rental value grow by £92 per month (3.3%). This results in an estimated gross rental yield of 7.0%.
HM Land Registry records the plot of land for 197, Brocket Way, Chigwell as measuring 293 m2.
That makes it the 10th largest plot in the postcode, where 15 of the 32 other houses have recorded plot data.
197, Brocket Way, Chigwell has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 08 Jan 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 197, Brocket Way, Chigwell completed on 17th May 2019 at £315,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 30.1% over the period since May 2019.
Over the past 2 years 3 properties similar to 197, Brocket Way, Chigwell have sold within a radius of 600 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th July 2024, was 121A, Burrow Road, Chigwell, IG7 4NF, a freehold house which sold for £551,200.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 307 addresses on Brocket Way, Chigwell, IG7, 197, Brocket Way, Chigwell comes out as the 37th largest and the 51st most expensive in our analysis of the public data.
It is also £151k less expensive than the average property across the IG7 district.
From 197, Brocket Way, Chigwell, the nearest station is Grange Hill, 1.5 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 197, Brocket Way, Chigwell, 40.6% of property is privately owned with a mortgage and 29.0% is socially 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 197, Brocket Way, Chigwell, 27.2% of residents are recorded as possessing school level qualifications and 34.8% 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 197, Brocket Way, Chigwell, the average age was 35.7 and the most common age was 32.
The graph below shows how this compares to Greater London 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 197, Brocket Way, Chigwell, 0.0% of property was a second home.
Comparison figures for Greater London 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 197, Brocket Way, Chigwell, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
