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Lodge Close, Chigwell, IG7

London

£900,000
Listed on 05/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1445 sqft

Description

Situated on a generously sized plot in the tranquil cul-de-sac of Lodge Close, this four-bedroom detached family home presents a significant opportunity for buyers interested in renovating or investing. The property is located in the highly regarded area of Chigwell, known for its excellent amenities, reputable schools, and convenient transport links, making it ideal for families and commuters alike. The interior boasts a spacious layout, featuring a light-filled dual-aspect reception room that provides a welcoming atmosphere. A well-proportioned kitchen and separate dining area offer potential for modernization, while the entrance hall adds to the overall functionality of the home. Upstairs, four ample bedrooms cater to family needs, providing comfortable living spaces with plenty of natural light. While some updating is needed throughout the residence, this creates a blank canvas for future owners to tailor their living space according to personal tastes and preferences. There is also potential for expansion or further development (subject to obtaining necessary consents), which could significantly enhance both living space and property value. The exterior includes a mature rear garden that offers privacy and outdoor enjoyment, along with a private driveway and detached garage providing additional convenience and storage options. This property has been cherished by the same family for fifty years, making it an exceptional opportunity to invest in a home with character in one of Chigwell’s most appealing neighborhoods. Awaiting EPC certification, this residence invites you to explore its full potential.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +21.1% above area average per sq ft

+21.1%
This Property
£623/sq ft
Area Average
£514/sq ft
Avg Rent (weekly)
£578
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£817,241
10% above area average per sq ft
Potential ROI
-18.3%
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
9%
Properties sold annually

Local Market Trend (IG7)

Area prices are falling by +6.1% over the last 12 months
3 year growth: -10.7%
5 year growth: -8.6%
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

Lodge Close, Chigwell, IG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,297
Based on a loan of £675,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE