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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
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According to the public record, 8, Lotus Close, Chigwell is a modern leasehold house with 1,474 ft2 of internal area.
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 8, 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.
8, Lotus Close, Chigwell has a single entry in the Land Registry from June 2018 and a single entry in the EPC database dated November 2017.
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 8, 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 8 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%.
8, Lotus Close, Chigwell has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Nov 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 HM Land Registry, 8, Lotus Close, Chigwell was last sold on 25th June 2018 for £299,250 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since June 2018, the market for similar properties has risen 24.0%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 1.4 kilometres radius of 8, Lotus Close, Chigwell over the last 2 years.
The most recent example is 4, Lotus House 1, Lotus Close, Chigwell, IG7 4FF, a leasehold flat which sold for £110,000 on the 22nd May 2023.
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, 8, Lotus Close, Chigwell is the 3rd largest and the 4th 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.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
