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Houses of this size in this area normally have 6 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Brook Way, Chigwell is £2,009,614 and the estimated rental value is £4,803 per month.
Brook Way, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
5, Brook Way, Chigwell has a single entry in the Land Registry from May 2007 and a single entry in the EPC database dated August 2022.
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.
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 5, Brook Way, Chigwell is in very good condition we estimate a sale value of £2,110,094 and a rental value of £5,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,868,941 and a rental value of £4,467 per month.
Over the last 12 months the sale value of 5 Brook Way Chigwell has decreased by an estimated £36,593 (1.8%) and its rental value has increased by an estimated £93 per month (1.9%), giving an expected gross yield of 2.9%.
According to data from HM Land Registry, 5, Brook Way, Chigwell sits on a plot of 538m2.
We have plot size data on 13 out of 13 other houses in the postcode and 5, Brook Way, Chigwell sits on the 9th largest plot.
5, Brook Way, Chigwell has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Aug 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, mains gas, Boiler and radiators, mains gas.
According to HM Land Registry, 5, Brook Way, Chigwell was last sold on 8th May 2007 for £720,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 63.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Brook Way, Chigwell within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 18, Lee Grove, Chigwell, IG7 6AF, a freehold house which sold for £1,625,000 on the 26th April 2024.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brook Way, Chigwell, IG7 has a total of 28 addresses. According to our analysis of all the public data, 5, Brook Way, Chigwell is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £1.368m more expensive than the average property in IG7.
The nearest school is Chigwell Primary Academy which is 959 metres away. The nearest train station is Chigwell which is 300 metres away.
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