Dacre Gardens, Chigwell, Essex
London
£650,000
Listed on 22/09/2026
Listed on 22/09/2026
The listing
Property details
Bedrooms
3Type
Detached BungalowArea
1071 sqftFeatures
- Garage
- Garden
- Parking
Description
This three-bedroom detached bungalow has a flexible layout, with the rooms currently arranged as three bedrooms alongside a separate living room and a large kitchen/diner. The hallway connects the principal rooms, while the living room and kitchen both open towards the rear garden. A separate bathroom and WC complete the accommodation. The property is described as offering scope to modernise and potentially extend, subject to the necessary consents and checks.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
35out of 100
Grade ELow opportunity
Confidence: MEDIUM
This detached bungalow has a useful canvas: a driveway and garage, a living room opening onto the rear garden, and a flexible three-bedroom layout, with Chigwell and Grange Hill stations and local amenities within walking distance. The interiors are visibly dated across several rooms, and the overgrown garden offers scope for a substantial refresh; the listing also mentions extension potential subject to planning, though feasibility is not established.
The main drawback is the price: at £650,000, it is around 17% above the local £/sqf average. With a medium-scale works programme on top, the purchase and improvement costs look stretched against local benchmarks for a home of this floor area, rather than leaving an obvious value gap. The location and detached format are appealing, but the numbers make this a low-opportunity project at the current asking price.
Key opportunities
- Refresh the dated finishes and older flooring across the living and bedroom spaces to give the bungalow a more coherent, updated feel.
- Replace the dated kitchen and improve the garden, which has patio-door access from the living room and room to make a more usable outdoor space.
- Detached layout, driveway and garage provide a practical base; the listing notes possible extension potential subject to planning and feasibility.
Key risks
- At the current asking price, the purchase plus a medium-scale improvement programme looks stretched against local benchmarks for this floor area, limiting the value opportunity.
- Headroom after works looks limited after allowing for the asking price and a non-cosmetic works programme — roughly 23% above what comparable floor area achieves locally in current condition; we have not assumed a post-renovation resale figure.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£2,456
Based on a loan of £487,500 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.
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