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Lodge Close, Chigwell, Essex, IG7

London

£850,000
Listed on 17/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
1732 sqft

Description

This chain-free four-bedroom detached house is situated in a quiet cul-de-sac, providing a prime opportunity for potential investors or families looking to customize their ideal home. Located within walking distance of a Central Line tube station and near reputable schools, dining options, and local amenities, this property boasts an impressive living space of 1,443 square feet, plus a double-length garage extending the total area to 1,732.6 square feet. The generous entrance hall welcomes you into the home, featuring a storage cupboard and convenient ground-floor shower room. The expansive lounge/dining area measures approximately 23'11'' x 18'6'', alongside a separate study that could serve as a fifth bedroom or office space. While the kitchen remains functional with fitted appliances, there is clear potential to modernize it according to your preferences. On the first floor, you will find four well-sized double bedrooms and a family bathroom. The master bedroom stands out with built-in wardrobes and ample natural light. Each additional bedroom also includes fitted wardrobes, ensuring plenty of storage. The south/west facing rear garden offers tranquility with its patio area, large lawn, and mature plants—all presenting opportunities for landscaping improvements or extension projects (subject to planning permission). With side access leading from the garden to the front driveway that accommodates several vehicles and leads into the double garage, this property has significant renovation potential both internally and externally.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -5.6% below area average per sq ft

-5.6%
Potential saving
This Property
£491/sq ft
Area Average
£520/sq ft
Avg Rent (weekly)
£543
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£989,942
10% above area average per sq ft
Potential ROI
+6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IG7)

Area prices are rising by +7.4% over the last 12 months
3 year growth: -2.4%
5 year growth: +1.3%
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, Essex, IG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,033
Based on a loan of £637,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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