3-bedroom detached house · IG7 5HA
For saleListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***** GUIDE PRICE £1,000,000-£1,100,000 ***** A THREE BEDROOM DETACHED PROPERTY WITH CURRENT PLANNING PERMISSION TO BUILD TWO SEMI-DETACHED FOUR BEDROOM NEW HOMES, PLANNING REF: EPF/22591/25.
THE PROPERTY IS ON A LARGE CORNER PLOT MEASURING 0.14 ACRES AND ONLY A SHORT WALK TO CHIGWELL'S CENTRAL LINE, SOUGHT AFTER SCHOOLS AND LOCAL AMENITIES.
***** THE EXISTING PROPERTY IS 1,097 SQUARE FEET IN SIZE WITH SCOPE TO DEVELOP STPP IF YOU DO WANT TO BUILD TWO SEMI-DETACHED FOUR BEDROOM HOMES****** ***** THE PLANNING REF: EF/2591/25 FOR THE TWO SEMI-DETACHED NEW HOMES ***** THE CURRENT PROPERTY IS 1,097 SQUARE FEET IN SIZE WITH THE FOLLOWING: A LOUNGE MEASURING 20' 1" x 11' 7" THE DINING / REAR RECEPTION ROOM MEASURING 12' 2" x 11' 11" FITTED KITCHEN MEASURING 14' 1" x 10' 6" A GUEST CLOAKROOM ON THE FIRST FLOOR THERE ARE THREE BEDROOMS AND A FAMILY BATHROOM.
BEDROOM ONE MEASURES 12' 6" x 11' 7" BEDROOM TWO MEASURES 11' 7" x 10' 5" BEDROOM THREE MEASURES 10' 6" x 6' 8" THE FAMILY BATHROOM MEASURES 7' x 6' 2" THE REAR GARDEN MEASURES APPROX 90' IN LENGTH.
***** AS OFFERED CHAIN FREE A VIEWING IS RECOMMENDED ***** COUNCIL TAX BAND- F (EPPING FOREST) PLEASE CONTACT JOHN THOMA BESPOKE ESTATE AGENCY TO ARRANGE A VIEWING.
AGENT NOTE: The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Lechmere Avenue, Chigwell, Essex
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