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Lodge Close, Chigwell, IG7

London

£875,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1445 sqft

Description

Situated in the desirable Lodge Close area of Chigwell, this four-bedroom detached home represents a significant opportunity for renovation enthusiasts and investors alike. Set on a generous plot in a serene cul-de-sac, the property is close to local amenities, quality schools, and convenient transport links, making it an ideal family location. The interior boasts spacious proportions with a dual-aspect reception room that invites natural light, a sizable kitchen, and a dedicated dining area along with an entrance hall and shower/WC on the ground floor. The upper level features four well-sized bedrooms, offering ample space for family living. While some updates are necessary to bring this home into modern standards, there is considerable potential for modernization or even extension (subject to planning permissions). Outside, the property includes a mature garden, private parking via a driveway, and a detached garage. Available for sale for the first time in fifty years, this home offers a rare prospect to create your dream residence in one of Chigwell's most sought-after neighborhoods.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +16.2% above area average per sq ft

+16.2%
This Property
£606/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£618
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£828,050
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Lodge Close, Chigwell, 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
£3,156
Based on a loan of £656,250 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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