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Westside, Grove Lane, Chigwell, Essex, IG7 - Image 1
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Westside, Grove Lane, Chigwell, Essex, IG7

London

£1,600,000
Listed on 08/02/2026

Property Details

Bedrooms
6
Type
Detached house
Area
3772 sqft

Description

This expansive six-bedroom detached family residence offers a unique opportunity for renovation and investment. Comprising a substantial four-bedroom main house alongside a sizeable two-bedroom annexe, both properties provide ample space with over 3,772 square feet in total. They are conveniently linked through an entrance hallway while maintaining separate entrances from the front driveway, enhancing privacy for multi-generational living or rental potential. Nestled in a tranquil lane just a short walk from Grange Hill's Central Line station and surrounded by reputable schools and local amenities, this home is ideally located. The main house boasts original engineered oak flooring and features a spacious lounge with dining access, a well-equipped kitchen/breakfast room with granite work surfaces, plus a utility room leading to the garden. The first floor accommodates four generous double bedrooms, including a primary suite with en suite wet room and balcony access. The loft space in the main house has been boarded and offers additional development potential subject to planning permissions. Meanwhile, the annexe features its own lounge/dining area, two well-sized bedrooms with en suites, and another loft space that could be converted. Externally, the property includes a sizeable rear garden with patio area as well as off-street parking for multiple vehicles and an attached double garage. The recent upgrades to smart security features enhance safety and peace of mind. Overall, this property presents significant potential for capital appreciation through thoughtful renovations or extensions (subject to planning), making it an attractive prospect for discerning investors or families looking to create their dream home.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -18.6% below area average per sq ft

-18.6%
Potential saving
This Property
£424/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£618
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£2,161,526
10% above area average per sq ft
Potential ROI
+23.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (IG7)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -13.1%
5 year growth: -8.1%
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

Westside, Grove Lane, 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
£5,771
Based on a loan of £1,200,000 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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