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Meadow Way, Chigwell, IG7

London

£2,000,000
Listed on 12/02/2026

Property Details

Bedrooms
5
Type
Detached house
Area
3497 sqft

Description

This expansive five-bedroom detached home is situated on a generous corner plot within the desirable Courtland estate. Spanning over 3,600 sq ft, this property presents significant potential for renovation and extension, subject to obtaining the necessary planning permissions. Ideally located within walking distance of Chigwell central line station, it offers easy access to esteemed schools and a variety of local amenities. The layout includes five ample reception rooms, featuring a large lounge/dining area adorned with French doors that open to the rear garden, making it an inviting space for gatherings. The bespoke kitchen is fully equipped with integrated appliances, including a six-burner hob and contemporary units, though could benefit from modern updates. Furthermore, the utility room provides practical access to the garden. On the first floor, you'll find a master bedroom complete with an en-suite bathroom, alongside two additional bedrooms—one with its own en-suite and the other featuring a shower room—all of which could be reconfigured to enhance functionality or create additional living space. Externally, the property features a gated driveway accommodating multiple vehicles and leads to a sizeable garage. The landscaped rear garden boasts mature tropical plants but may require some revitalization to reach its full potential. Additionally, there's a detached garage at the back that offers further possibilities for conversion or storage. This property requires some modernization and enhancement but stands as an excellent investment opportunity in a sought-after location.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +9.8% above area average per sq ft

+9.8%
This Property
£572/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£618
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£2,003,938
10% above area average per sq ft
Potential ROI
-6.8%
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

Meadow Way, 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
£7,213
Based on a loan of £1,500,000 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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