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Millers Close, Chigwell Row

London

£475,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
972 sqft

Description

Nestled in the scenic area of Millers Close, Chigwell, this mid-terrace house offers a promising opportunity for both families and investors. The property features three spacious bedrooms, providing ample room for comfortable living or potential reconfiguration to suit your specific needs. The layout includes a welcoming reception room that serves as an inviting space for relaxation or gatherings. The kitchen is functional and well-sized, offering the possibility for modernization or expansion, reflecting contemporary design trends. A modern bathroom adds to the utility of the home, ensuring immediate livability. A noteworthy aspect of this property is its off-street parking—an increasingly valuable feature in today’s market. Beyond the practicalities, the location benefits from tranquil surroundings and picturesque views over adjacent fields, contributing to a serene lifestyle while being conveniently close to local amenities. Importantly, this property holds significant renovation potential. With appropriate planning permissions, there are opportunities to extend or enhance the existing structure, allowing you to tailor it further to your personal preferences or maximize its investment value. Whether you're looking for a family home or considering a strategic investment with room for growth, this three-bedroom residence in Chigwell presents an attractive canvas with versatility and appeal.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -5.0% below area average per sq ft

-5.0%
Potential saving
This Property
£489/sq ft
Area Average
£514/sq ft
Avg Rent (weekly)
£578
Avg Yield
5.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£549,729
10% above area average per sq ft
Potential ROI
+9.9%
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

Millers Close, Chigwell Row
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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
£1,740
Based on a loan of £356,250 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE