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Millers Close, Chigwell, IG7

London

£475,000
Listed on 09/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
972 sqft

Description

Located in the serene setting of Millers Close, Chigwell, this mid-terrace house offers an enticing opportunity for both families and investors. The property features three spacious bedrooms and a cozy reception area that invites relaxation or social gatherings. While the modern bathroom adds to the home's appeal, its overall condition suggests that some enhancements could further increase its value. Off-street parking is available, a practical asset in this tranquil, semi-rural neighborhood, complemented by picturesque views of surrounding fields. Local amenities are conveniently within walking distance, ensuring ease for everyday needs and leisure activities. Importantly, there is considerable potential for expansion or reconfiguration (subject to planning permission), making it an attractive canvas for those looking to personalize their space or boost investment value. This property not only serves as a comfortable residence but also presents numerous possibilities for future development in the desirable Chigwell area.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -6.2% below area average per sq ft

-6.2%
Potential saving
This Property
£489/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£614
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£557,053
10% above area average per sq ft
Potential ROI
+8.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (IG7)

Area prices are falling by +5.7% over the last 12 months
3 year growth: -10.5%
5 year growth: -7.8%
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, 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
£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