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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
According to the public record, 8, Forest Lane, Chigwell is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,948 ft2 of internal area and sits on a 1,358 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Forest Lane, Chigwell is £1,690,403 and the estimated rental value is £4,685 per month.
Forest Lane, Chigwell, IG7 is located in the borough of Epping Forest within the IG7 postal district.
8, Forest Lane, Chigwell has a single entry in the Land Registry from May 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 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 8, Forest Lane, Chigwell is in very good condition we estimate a sale value of £1,774,923 and a rental value of £4,919 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,572,074 and a rental value of £4,357 per month.
Over the last 12 months the sale value of 8 Forest Lane Chigwell has increased by an estimated £11,575 (0.7%) and its rental value has increased by an estimated £137 per month (2.9%), giving an expected gross yield of 3.3%.
According to data from HM Land Registry, 8, Forest Lane, Chigwell sits on a plot of 1358m2.
We have plot size data on 21 out of 22 other houses in the postcode and 8, Forest Lane, Chigwell sits on the 10th largest plot.
According to HM Land Registry, 8, Forest Lane, Chigwell was last sold on 24th May 2016 for £1,500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2016, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Forest Lane, Chigwell within a radius of 900 metres over the last 2 years.
The most recent example is 23, Clarence Gate, Woodford Green, IG8 8GN, a freehold house which sold for £1,475,000 on the 16th June 2023.
Read more about house prices in IG7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Lane, Chigwell, IG7 has a total of 43 addresses. According to our analysis of all the public data, 8, Forest Lane, Chigwell is the 41st largest and the 37th most expensive property on the street.
When compared to the postcode district it is £1.049m more expensive than the average property in IG7.
The nearest school is West Hatch High School which is 495 metres away. The nearest train station is Chigwell which is 900 metres away.
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