Worst House on the Street Logo
Lechmere Avenue, Chigwell, IG7 - Image 1
Lechmere Avenue, Chigwell, IG7 - Image 2
Lechmere Avenue, Chigwell, IG7 - Image 3
Lechmere Avenue, Chigwell, IG7 - Image 4
Lechmere Avenue, Chigwell, IG7 - Image 5
Lechmere Avenue, Chigwell, IG7 - Image 6
Lechmere Avenue, Chigwell, IG7 - Image 7
Lechmere Avenue, Chigwell, IG7 - Image 8
Lechmere Avenue, Chigwell, IG7 - Image 9
Lechmere Avenue, Chigwell, IG7 - Image 10
Lechmere Avenue, Chigwell, IG7 - Image 11
Lechmere Avenue, Chigwell, IG7 - Image 12
Lechmere Avenue, Chigwell, IG7 - Image 13
Lechmere Avenue, Chigwell, IG7 - Image 14
Lechmere Avenue, Chigwell, IG7 - Image 15
Lechmere Avenue, Chigwell, IG7 - Image 16
Lechmere Avenue, Chigwell, IG7 - Image 17
Lechmere Avenue, Chigwell, IG7 - Image 18

Lechmere Avenue, Chigwell, IG7

London

£490,000

Listed on 10/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
715 sqft

Description

This two-bedroom terraced home presents a solid opportunity for renovation and customization, set in a desirable area of Chigwell. The property is conveniently located near Brook Parade, Chigwell Central Line Station, and various bus routes, making it an excellent option for both families and commuters seeking ease of access to transport links. The ground floor comprises an inviting entrance hallway leading to a spacious living/dining area, which features double-glazed French doors opening out to the garden—an ideal setting for entertaining or relaxation. Additionally, the kitchen comes equipped with wall and base units, space for essential appliances, and access to the outdoor area through a double-glazed door. Upstairs, you'll find two generously sized double bedrooms; the main bedroom includes a storage cupboard while the second benefits from fitted wardrobes. A three-piece family bathroom completes this level. The approximately 46ft x 21ft rear garden is primarily laid to lawn with decking, offering ample potential for landscaping or enhancement. With two brick-built storage cupboards available—one currently serving as a utility space—and an outbuilding divided into versatile rooms with power and lighting, this property is ripe for transformation into additional functional areas such as a home office or hobby room. The front garden also presents an opportunity for off-street parking or driveway creation subject to necessary approvals. The vibrant local amenities at Brook Parade add charm and convenience to the area, while nearby recreational spots like Chigwell Golf Club and Hainault Forest Country Park provide leisure options. For families, access to reputable schools enhances this home’s desirability—making it suitable not just as a residence but also as a savvy investment.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +31.9% above area average per sq ft

+31.9%
This Property
£685/sq ft
Area Average
£519/sq ft
Avg Rent (weekly)
£530
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£408,547
10% above area average per sq ft
Potential ROI
-22.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (IG7)

Area prices are rising by +9.5% over the last 12 months
3 year growth: -2.1%
5 year growth: +1.1%
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

Lechmere Avenue, Chigwell, IG7
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,851
Based on a loan of £367,500 over 30 years at 4.45% 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates