Flat 7, Cityview Apartments 14
Flat 7, Cityview Apartments 14
Description & Estimates
Flat 7, Cityview Apartments 14, Chigwell appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 750 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 7, Cityview Apartments 14, Chigwell is £349,516 and its rental estimate is £1,764 per month, given the available information and assuming reasonable condition.
Cityview Apartments, Lowe Close is a residential building on Lowe Close, Chigwell, IG7 and falls within the IG7 postal district and the borough of Redbridge.
Our Data Sources
Flat 7, Cityview Apartments 14, Chigwell has a single entry in the Land Registry from May 2014 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 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 7, Cityview Apartments 14, Chigwell, we estimate a market value of £366,992 and a rental value of £1,852 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £325,050 and £1,641 per month respectively.
Recent Market Change
Over the last year, Flat 7, Cityview Apartments 14, Chigwell has seen its estimated sale value move down by £7,430 (2.1%) and its estimated rental value increase by £60 per month (3.4%). This results in an estimated gross rental yield of 6.1%.
Sold Prices
The most recent sale of Flat 7, Cityview Apartments 14, Chigwell completed on 12th May 2014 at £230,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 39.1% over the period since May 2014.
- Sold May 2014£230,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 7, Cityview Apartments 14, Chigwell have sold within a radius of 510 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th July 2024, was Flat 40, Hyneholt House 104, Manford Way, Chigwell, IG7 4EG, a leasehold flat which sold for £355,000.
Read more about house prices in IG7.
- Sold Jul 2024£355,000 | 2 Bed FlatFlat 40, Hyneholt House 104, Manford Way, Chigwell, IG7 4EGFlat 40, Hyneholt House 104, Manford Way, Chigwell, IG7 4EG
- Sold Jul 2024£385,500 | 2 Bed FlatFlat 58, Hyneholt House 104, Manford Way, Chigwell, IG7 4EGFlat 58, Hyneholt House 104, Manford Way, Chigwell, IG7 4EG
- Sold Jun 2014£225,000 | 2 Bed FlatFlat 3, Cityview Apartments 14, Lowe Close, Chigwell, IG7 4LPFlat 3, Cityview Apartments 14, Lowe Close, Chigwell, IG7 4LP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 22 addresses on Lowe Close, Chigwell, IG7, Flat 7, Cityview Apartments 14, Chigwell comes out as the largest and the most expensive in our analysis of the public data.
It is also £286k less expensive than the average property across the IG7 district.
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Schools Nearby
- 300mCoppice Primary School
- 600mManford Primary School
- 700mJohn Bramston Primary School
- 500mForest Academy
- 2.5kmKing Solomon High School
- 3.1kmIlford County High School
More reading links
Public Transport Nearby
From Flat 7, Cityview Apartments 14, Chigwell, the nearest station is Grange Hill, 1.2 kilometres away.
- 1.2kmGrange Hill
- 1.4kmHainault
- 2.2kmFairlop
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
