View Close, Chigwell, IG7
London
£375,000Guide Price
Listed on 23/10/2026
Listed on 23/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
988 sqftFeatures
- Garage
- Garden
- Parking
Description
Offered at auction through the Modern Method, this three-bedroom semi-detached house is being sold with no onward chain and requires modernisation. The ground floor includes an entrance hall, a reception room and a galley-style kitchen. Upstairs are three bedrooms and a wet room.
Outside, the property has off-street parking, a garage and a mature rear garden with side access. The listing notes potential to extend, subject to planning permission and building regulations. Grange Hill and Hainault Central Line stations, local schools, shops and other amenities are described as convenient to reach.
The auction process includes a non-refundable reservation fee of 4.5% of the purchase price including VAT, subject to a minimum fee of £6,600, and a £300 contribution towards the buyer information pack. Buyers should review the pack and auction terms and complete their own due diligence before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
78out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £375,000, this three-bedroom semi is priced about 26.5% below the local average per square foot, making the asking price a clear acquisition opportunity. The photographed interiors offer a defined modernisation project: the kitchen is particularly tired, while the hall, reception and photographed bedrooms would benefit from refreshed finishes and flooring. The clean-looking wet room, established rear garden, garage and off-street parking give the project some useful features to build on.
The renovation range is £25,000–£45,000, with the midpoint purchase-plus-renovation calculation around £410,000; that is below the implied current local average value, not a GDV or a guarantee of resale value. The listing also mentions scope to extend subject to permissions, though feasibility would need checking. It is offered through the Modern Method of Auction: bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Refresh the dated galley kitchen and update the worn flooring and decoration in the photographed living areas and bedrooms.
- Make use of the established rear garden, side access, garage and off-street parking as practical features to retain and enhance.
- Explore the stated extension scope, subject to planning permission and building regulations.
Key risks
- Front paving is uneven in places and the garage doors show surface wear; roof condition cannot be fully assessed from the available images.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,417
Based on a loan of £281,250 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.
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