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Freshwell Avenue, Romford RM6 - Image 1
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Freshwell Avenue, Romford RM6

London

£475,000
Listed on 03/02/2023

Property Details

Bedrooms
3
Type
Semi-detached house
Area
947 sqft

Description

This three-bedroom family residence presents an exciting opportunity for those looking to invest in a property with considerable renovation potential. Nestled in a peaceful residential street of Chadwell Heath, the home is strategically located near local amenities, public transport links, and educational facilities. The property features a spacious through lounge, which could serve as the perfect living area after tasteful updates. Notable attributes include double glazing, gas central heating, and a generous garden ideal for outdoor enhancements or future extensions with the appropriate planning permissions. The entrance hall leads to well-proportioned rooms including a kitchen that awaits modernisation but offers ample space with existing fitted units. The first floor comprises three bedrooms alongside a separate bathroom and W/C that could benefit from contemporary refurbishments. A side garage adds further convenience and possible development options. With its solid structure and substantial garden space, this property invites visionaries to reimagine it into their dream home while adding value over time.

Investment Analysis

(RM6 area)

Above Market Value

This property is priced +11.3% above area average per sq ft

+11.3%
This Property
£502/sq ft
Area Average
£451/sq ft
Avg Rent (weekly)
£439
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£469,442
10% above area average per sq ft
Potential ROI
-8.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM6)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -0.5%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on RM6 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

Freshwell Avenue, Romford RM6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE