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Chigwell Rise, Chigwell, Essex, IG7

London

£1,300,000
Listed on 27/03/2026

Property Details

Bedrooms
5
Type
Detached
Area
2735 sqft

Description

This five-bedroom detached house boasts significant potential for renovation and development, subject to obtaining the necessary planning permissions. Spanning over 2,700 sq ft, it presents an opportunity to create a modern family home in a sought-after area of Chigwell, conveniently located just a short distance from the central line station and nearby amenities including reputable schools, shops, and restaurants. The ground floor features a generous lounge and dining area, alongside a kitchen/breakfast room that could benefit from a contemporary update. There is also a guest cloakroom and an integral garage providing additional convenience. On the first floor, you'll find four bedrooms; the master includes an en-suite bathroom along with a family bathroom for shared use. The top floor reveals an expansive fifth bedroom complemented by a shower room and useful eaves storage space. External highlights include a significant rear garden with southern exposure and a heated swimming pool—ideal for both relaxation and entertainment. This property offers ample scope for refurbishing existing spaces or exploring extension possibilities to enhance living areas further. A carriage driveway adds to the appeal while ensuring parking is never an issue.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -8.7% below area average per sq ft

-8.7%
Potential saving
This Property
£475/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£595
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,566,827
10% above area average per sq ft
Potential ROI
+10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (IG7)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -10.8%
5 year growth: -7.9%
Investment Disclaimer: Analysis based on IG7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chigwell Rise, Chigwell, Essex, IG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,689
Based on a loan of £975,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-13.0% since listed
£1,300,000£150,000(-10.3%)
29/03/2026
Current price
£1,450,000£45,000(-3.0%)
05/06/2025
£1,495,000Initial listing
23/03/2023

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