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Grove Lane, Chigwell IG7

London

£1,600,000
Listed on 06/02/2026

Property Details

Bedrooms
6
Type
Detached house
Area
3772 sqft

Description

This impressive six-bedroom detached home offers a unique opportunity for renovation and investment. Consisting of a large four-bedroom main house and a spacious two-bedroom annexe, the property boasts over 3,772 square feet of potential living space. Each unit has separate entrances but is conveniently connected via an entrance hallway, enhancing flexibility for family living or rental potential. Nestled in a tranquil lane, the location benefits from easy access to Grange Hill's Central Line station and proximity to reputable schools and amenities. The design includes significant features such as original engineered oak flooring in the entrance and dining areas, along with a lounge that overlooks the driveway, making it perfect for entertaining. The kitchen is equipped with granite work surfaces and integrated appliances, while the main house presents ample bedroom options including a primary suite with en suite wet room. A boarded loft area offers additional possibilities for conversion into extra bedrooms or storage space subject to planning approval. The annexe complements this with its own lounge/dining area and two sizeable bedrooms, each with en suite facilities, making it suitable for guests or rental income. Outside, the substantial garden features both patio and lawn areas surrounded by mature shrubs. With recent upgrades like premium windows and high-security doors already installed throughout, this property still holds abundant scope for further enhancement. Given its size, condition, and strategic location within London, there is plenty of room to add value through thoughtful renovations.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -18.6% below area average per sq ft

-18.6%
Potential saving
This Property
£424/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£595
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,160,903
10% above area average per sq ft
Potential ROI
+16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (IG7)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -10.8%
5 year growth: -7.9%
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

Grove Lane, Chigwell IG7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,771
Based on a loan of £1,200,000 over 30 years at 4.06% 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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