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Manford Way, Chigwell IG7

London

£850,000

Listed on 06/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1450 sqft

Description

This chain-free property presents a unique investment opportunity with significant development potential. Situated just a short stroll from a Central Line tube station and surrounded by local amenities, this site spans approximately 0.55 acres and currently holds planning permission for the construction of a new three-bedroom dwelling, measuring 1044 sq ft. This project can supplement the existing three-bedroom home on the property. The proposed design includes an entrance porch, open-plan lounge and dining area, kitchen, guest cloakroom, and essential storage on the ground floor, along with two double bedrooms, a single bedroom, and a family bathroom on the first floor. Off-street parking is also included within an estimated plot size of 645 sq ft. The existing residence features an entrance hallway leading to a shower room, kitchen, two reception rooms, and a conservatory. Upstairs are three well-proportioned double bedrooms accompanied by a family bathroom. Both front and rear gardens offer ample outdoor space for future landscaping or enhancements. This location is ripe for renovation or redevelopment and presents an excellent chance for those looking to capitalize on property value growth in the area.

Investment Analysis

(IG7 area)

Above Market Value

This property is priced +12.8% above area average per sq ft

+12.8%
This Property
£586/sq ft
Area Average
£520/sq ft
Avg Rent (weekly)
£543
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£828,762
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IG7)

Area prices are rising by +7.4% over the last 12 months
3 year growth: -2.4%
5 year growth: +1.3%
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

Manford Way, Chigwell IG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,033
Based on a loan of £637,500 over 30 years at 3.97% 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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