Grange Crescent, Chigwell IG7
London
£875,000
Listed on 19/08/2026
Listed on 19/08/2026
The listing
Property details
Bedrooms
4Type
DetachedArea
2134 sqftFeatures
- Garden
Description
This four-bedroom house in Chigwell is described as requiring complete refurbishment and offers scope to extend to the rear and upper elevations, subject to planning permission. The agent suggests that an extended and refurbished version could potentially exceed £1.5 million, based on comparable homes on the road; this is an agent estimate rather than a stated valuation. Cash purchasers only. The property is near Grange Hill Central line station, local shops, schools and amenities, with Brook Parade and road links including the M11, M25 and A406 also within reach. A floor plan is to follow. Contact John Thoma Bespoke Estate Agents for further information or to arrange a viewing.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: LOW
At £875,000, the asking price is around 21% below the local average per square foot, making the entry price a clear strength. This detached four-bedroom home in sought-after Chigwell has a driveway and a substantial rear garden, and the listing describes scope for rear and upper-level extensions, subject to planning permission. The garden is heavily overgrown, so clearing it would be an early step in assessing and making use of the space.
The listing calls for complete refurbishment, but the interior is not shown in the available photographs, so the scale of the work cannot be judged visually. The low overall score reflects that uncertainty and the lack of renovation economics, despite the attractive price and strong fundamentals. This is a substantial project rather than a cosmetic update, with extension potential that would need to be verified.
Key opportunities
- Rework the house through a complete refurbishment, with the opportunity to shape the layout and finish to suit a future family home.
- Clear and assess the substantial rear garden, then explore the listing’s suggested rear and upper-level extension scope subject to planning permission.
- Acquire at an asking price materially below the local average per square foot, with a front driveway and detached setting.
Key risks
- The listing calls for complete refurbishment, but the interiors are not shown; without a renovation estimate, the budget and programme for this full-house project are difficult to establish.
- The densely overgrown rear garden obscures its ground condition and boundaries, which will need checking after clearance.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£3,306
Based on a loan of £656,250 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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