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Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Lotus Close, Chigwell is £357,959 and the estimated rental value is £1,687 per month.
Lotus Close, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
2, Lotus Close, Chigwell has no records in the the Land Registry and a single entry in the EPC database dated October 2017.
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 2, Lotus Close, Chigwell is in very good condition we estimate a sale value of £375,857 and a rental value of £1,772 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £332,901 and a rental value of £1,569 per month.
Over the last 12 months the sale value of 2 Lotus Close Chigwell has increased by an estimated £2,451 (0.7%) and its rental value has increased by an estimated £49 per month (2.9%), giving an expected gross yield of 5.7%.
2, Lotus Close, Chigwell has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Oct 2017.
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 1 sale of a property similar to 2, Lotus Close, Chigwell within a radius of 1.4 kilometres over the last 2 years.
The most recent example is 8, Lotus Close, Chigwell, IG7 4FF, a leasehold house which sold for £299,250 on the 25th June 2018.
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, 2, Lotus Close, Chigwell is the 11th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £284k 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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