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Great Owl Road, Chigwell, Essex, IG7

London

£1,500,000
Listed on 04/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
3095 sqft

Description

This generously sized five-bedroom detached family residence presents over 3,095 sq ft of living space, complemented by a substantial rear garden measuring approximately 196 feet. Nestled in a desirable location near Chigwell Central Line Underground station and various local amenities, this property offers an excellent opportunity for renovation or investment. The front of the home features off-street parking for multiple vehicles alongside an integral double garage. Upon entering, you are greeted by a spacious entrance hall that provides access to a large guest WC. The front lounge flows into the dining room through double doors, creating a seamless environment for family gatherings. Adjacent to the dining room is a sitting room with sliding doors that invite natural light and open up to the outdoor space. The expansive kitchen/breakfast room is well-equipped but could benefit from modernisation, featuring a variety of base and wall-mounted units. A separate utility room adds practical storage space along with pedestrian access to the side. Additionally, there is a study that connects internally to the garage, offering potential as a home office or additional living area. The first floor landing gives way to all five bedrooms and the family bathroom. The principal bedroom includes an en-suite bath/shower room along with a walk-in wardrobe, while another bedroom features its own en-suite as well. Three further bedrooms overlook the rear garden, with significant potential for loft conversion subject to planning permissions for those seeking more space. The garden not only provides ample outdoor entertainment opportunities but also presents options for landscaping or expansion of outdoor living areas. With suitable renovations and updates throughout, this property holds tremendous promise as both a family home and investment opportunity.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -7.0% below area average per sq ft

-7.0%
Potential saving
This Property
£485/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£618
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,773,574
10% above area average per sq ft
Potential ROI
+9.5%
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

Great Owl 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
£5,410
Based on a loan of £1,125,000 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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