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Chigwell Park Drive, Chigwell, Essex

London

£1,395,000

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Detached
Area
1715 sqft

Description

This spacious detached bungalow offers considerable potential for renovation and development in one of Chigwell's most desirable locations. Spanning over 1,700 square feet, the property currently features three generously sized double bedrooms, two ensuite shower rooms, and a family bathroom. The large bespoke kitchen breakfast room and an exceptionally spacious lounge provide a solid foundation for modern living. Notably, prior planning permission is in place for a loft conversion that would expand the property to a five-bedroom chalet bungalow with three reception rooms and three bathrooms. The open-plan living area boasts French doors that lead to the well-maintained rear garden, while the sizeable entrance hallway enhances the overall flow of the home. Additional highlights include a utility room that allows for extra storage and appliances. With excellent off-street parking options on the carriage driveway and side access to the garden, this bungalow not only meets current living standards but also presents significant investment potential through further development, subject to planning permissions.

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Investment analysis

(IG7 area)

Above Market Value

This property is priced +57.4% above area average per sq ft

+57.4%
This Property
£813/sq ft
Area Average
£517/sq ft
Avg Rent (weekly)
£558
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£974,849
10% above area average per sq ft
Potential ROI
-34.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IG7)

Area prices are rising by +9.7% over the last 12 months
3 year growth: 0.0%
5 year growth: +2.7%
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

Chigwell Park Drive, Chigwell, Essex
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£5,270
Based on a loan of £1,046,250 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

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