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Lechmere Avenue, Chigwell, Essex, IG7 - Image 1
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Lechmere Avenue, Chigwell, Essex, IG7

London

£899,995
Listed on 17/10/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1607 sqft

Description

This four-bedroom semi-detached family home presents an excellent investment opportunity, located in a desirable area with convenient access to a central line station, shops, dining options, and highly regarded schools. The spacious entrance hall leads to various ground floor rooms, including a sizeable lounge equipped with a stylish media wall and French doors that open onto the rear patio. Adjacent lies a well-appointed kitchen that benefits from integrated appliances and ample space for dining, along with a separate utility room enhancing storage capabilities. The ground floor also features a generously sized dining room and a study fitted with built-in storage and large windows allowing natural light to flood in. On the upper level, you will find four well-sized double bedrooms; one includes an en-suite shower room while another is currently adapted as a walk-in wardrobe. The property's exterior boasts parking for multiple vehicles and potential for further enhancement through the installation of sliding gates or modifications to garden access. With additional opportunities to extend into the loft (subject to planning permissions), this property offers substantial potential for renovation or reconfiguration to suit modern lifestyles.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£560/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£595
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£920,618
10% above area average per sq ft
Potential ROI
-3.1%
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

Lechmere Avenue, 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
£3,246
Based on a loan of £674,996 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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