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Lodge Close, Chigwell IG7

London

£850,000

Listed on 14/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1731 sqft

Description

This detached family residence boasts considerable potential for expansion or enhancement, ideally situated in a tranquil cul-de-sac within reach of a central line tube station and various local conveniences. The property features a substantial internal living space of 1,443 square feet, allowing ample room to personalize or renovate. The inclusion of a double-length garage and an expansive driveway enhances its appeal for those looking to invest in property improvements. Upon entry, the spacious hallway leads to a sizable lounge/dining area with attractive solid wood flooring, as well as a functional kitchen equipped with essential appliances. The first floor accommodates four double bedrooms along with a sizeable family bathroom, presenting the opportunity to reconfigure layouts according to individual needs. The south/west-facing rear garden provides a serene outdoor space that could be further cultivated or redesigned into an inviting entertainment area. Given the property's generous proportions and prime location, there is excellent scope for development pending necessary planning permissions. This home serves as an excellent proposition for those looking to invest in renovation projects while enjoying the benefits of suburban living.

Investment Analysis

(IG7 area)

Below Market Value

This property is priced -5.5% below area average per sq ft

-5.5%
Potential saving
This Property
£491/sq ft
Area Average
£519/sq ft
Avg Rent (weekly)
£530
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£989,085
10% above area average per sq ft
Potential ROI
+5.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (IG7)

Area prices are rising by +9.5% over the last 12 months
3 year growth: -2.1%
5 year growth: +1.1%
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

Lodge Close, Chigwell IG7
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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
£3,211
Based on a loan of £637,500 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.

Stamp Duty Calculator

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