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Manor Road, Chigwell, Essex, IG7 - Image 1
Manor Road, Chigwell, Essex, IG7 - Image 2
Manor Road, Chigwell, Essex, IG7 - Image 3
Manor Road, Chigwell, Essex, IG7 - Image 4
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Manor Road, Chigwell, Essex, IG7 - Image 7

Manor Road, Chigwell, Essex, IG7

London

£4,500,000
Listed on 05/03/2024

Property Details

Bedrooms
8
Type
Plot
Area
4733 sqft

Description

This is a unique opportunity to acquire two sizable homes situated on the desirable Manor Road in Chigwell. The properties conveniently lie within walking distance of two central line stations, making them ideal for commuters. Also in close proximity are reputable schools and various local amenities. The plot spans an impressive 0.36 acres, offering significant potential for development, subject to the necessary planning permissions. Each residence comprises four generously-sized double bedrooms and three expansive reception areas, totaling approximately 4,732 square feet across both properties. This presents a compelling investment prospect for those looking to enhance or develop the existing structures.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +82.6% above area average per sq ft

+82.6%
This Property
£951/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£595
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,711,441
10% above area average per sq ft
Potential ROI
-42.9%
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

Manor Road, 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
£16,230
Based on a loan of £3,375,000 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.

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