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According to the public record, 3, Olive Grove, Chigwell is a modern freehold house with 1,722 ft2 of internal area and sits on a 387 m2 plot.
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 3, Olive Grove, Chigwell is £907,387 and the estimated rental value is £2,881 per month.
Olive Grove, Chigwell, IG7 is located in the borough of Redbridge within the IG7 postal district.
3, Olive Grove, Chigwell has a single entry in the Land Registry from November 2018 and a single entry in the EPC database dated August 2018.
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, Olive Grove, Chigwell is in very good condition we estimate a sale value of £952,756 and a rental value of £3,025 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £843,870 and a rental value of £2,679 per month.
Over the last 12 months the sale value of 3 Olive Grove Chigwell has increased by an estimated £6,213 (0.7%) and its rental value has increased by an estimated £84 per month (2.9%), giving an expected gross yield of 3.8%.
According to data from HM Land Registry, 3, Olive Grove, Chigwell sits on a plot of 387m2.
We have plot size data on 7 out of 7 other houses in the postcode and 3, Olive Grove, Chigwell sits on the 2nd largest plot.
3, Olive Grove, Chigwell has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Aug 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 HM Land Registry, 3, Olive Grove, Chigwell was last sold on 29th November 2018 for £750,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since November 2018, the market for similar properties has risen 24.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Olive Grove, Chigwell within a radius of 1.4 kilometres over the last 2 years.
The most recent example is 66, Five Oaks Lane, Chigwell, IG7 4FH, a freehold house which sold for £705,000 on the 26th July 2019.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olive Grove, Chigwell, IG7 has a total of 7 addresses. According to our analysis of all the public data, 3, Olive Grove, Chigwell is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £266k more expensive than the average property in IG7.
The nearest school is Oasis Academy Pinewood which is 1.4 kilometres away. The nearest train station is Hainault which is 3.4 kilometres away.
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