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Freshwell Avenue, Romford RM6 - Image 1
Freshwell Avenue, Romford RM6 - Image 2
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Freshwell Avenue, Romford RM6 - Image 4
Freshwell Avenue, Romford RM6 - Image 5

Freshwell Avenue, Romford RM6

Unknown Region

£475,000
Listed on 02/02/2023

Property Details

Bedrooms
3
Type
Semi-detached house
Area
947 sqft

Description

This three-bedroom home presents a promising opportunity for renovation and investment, with ample potential for modernization and future extensions, subject to planning permission. Located on a peaceful residential street in the desirable Chadwell Heath area, the property is conveniently situated near public transport links, local shops, and schools, making it an excellent choice for families or investors looking to capitalize on the area's growth. Inside, the home features a spacious through lounge that provides a versatile living space. The kitchen includes essential amenities such as wall and base units, tiled walls, and plumbing for a washing machine; however, it offers significant scope for updating to create a more contemporary environment. The first floor comprises three well-sized bedrooms, each with natural light from double-glazed windows. A separate bathroom and W/C also present an opportunity for reconfiguration or enhancement. The property is complemented by a garage located at the side/rear, providing both storage and potential utility space. The expansive rear garden offers a mix of paved areas and lawn, perfect for outdoor activities or future landscaping projects. With its solid structure and functional layout, this home invites creativity from prospective buyers who envision transforming it into a modern residence. Its prime location further enhances its appeal as an investment property within a thriving community.

Investment Analysis

(RM6 area)

Above Market Value

This property is priced +11.5% above area average per sq ft

+11.5%
This Property
£502/sq ft
Area Average
£450/sq ft
Avg Rent (weekly)
£432
Avg Yield
5.2%

Renovation Potential

Est. Renovation Cost
£47,500 - £118,750
10-25% of property value
Target Value
£468,661
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Monthly Sales
20
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (RM6)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 0.2%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on RM6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Freshwell Avenue, Romford RM6
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