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According to the public record, 3, Lowe Close, Chigwell is a mid-century leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Lowe Close, Chigwell is £198,375 and the estimated rental value is £1,097 per month.
Lowe Close, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
3, Lowe Close, Chigwell has 31 entries in the Land Registry , most recently in January 2020 and a single entry in the EPC database dated September 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 3, Lowe Close, Chigwell is in very good condition we estimate a sale value of £208,294 and a rental value of £1,152 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,489 and a rental value of £1,020 per month.
Over the last 12 months the sale value of 3 Lowe Close Chigwell has increased by an estimated £702 (0.4%) and its rental value has increased by an estimated £46 per month (4.2%), giving an expected gross yield of 6.6%.
3, Lowe Close, Chigwell has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Sep 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 3, Lowe Close, Chigwell was last sold on 13th January 2020 for £190,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since January 2020, the market for similar properties has risen 6.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 3, Lowe Close, Chigwell within a radius of 510 metres over the last 2 years.
The most recent example is 4, Lowe Close, Chigwell, IG7 4LP, a leasehold flat which sold for £204,000 on the 18th December 2020.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lowe Close, Chigwell, IG7 has a total of 22 addresses. According to our analysis of all the public data, 3, Lowe Close, Chigwell is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £443k less expensive than the average property in IG7.
The nearest school is Coppice Primary School which is 293 metres away. The nearest train station is Grange Hill which is 1.2 kilometres away.
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