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Hamlet Road, Romford, RM5 - Image 1
Hamlet Road, Romford, RM5 - Image 2
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Hamlet Road, Romford, RM5 - Image 4
Hamlet Road, Romford, RM5 - Image 5

Hamlet Road, Romford, RM5

Unknown Region

£700,000
Listed on 10/11/2024

Property Details

Bedrooms
5
Type
Detached house
Area
2346 sqft

Description

Nestled in the dynamic area of Romford, this five-bedroom residence presents a promising opportunity for both family living and investment. Each of the spacious bedrooms is complemented by two well-appointed bathrooms, ensuring comfort and convenience for all occupants. The property benefits from off-street parking for multiple vehicles and includes a garage, making it particularly appealing for those with several cars. One of the standout features of this home is its renovation potential. With ample room to extend, subject to planning permission, new owners can customize the layout to better suit their lifestyle or investment goals. The sizeable garden adds additional value, serving as both an outdoor haven for relaxation and a space that could be further developed. Strategically located, the property offers easy access to Romford Station via the Elizabeth Line, facilitating straightforward commutes into central London. This accessibility enhances its appeal for professionals seeking proximity to the city. Additionally, reputable schools are within walking distance, making it an attractive option for families focused on education. Romford itself is rich in amenities, including shopping centres and recreational facilities that meet a variety of lifestyle needs. This combination of features makes the property not only a comfortable family home but also a valuable investment opportunity in a thriving community.

Investment Analysis

(RM5 area)

Below Market Value

This property is priced -32.7% below area average per sq ft

-32.7%
Potential saving
This Property
£298/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£439
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£70,000 - £175,000
10-25% of property value
Target Value
£1,144,625
10% above area average per sq ft
Potential ROI
+30.8%
After renovation
Monthly Sales
16
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (RM5)

Area prices are rising by +7.3% over the last 12 months
3 year growth: 7.5%
5 year growth: 26.8%
Investment Disclaimer: Analysis based on RM5 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

Hamlet Road, Romford, RM5
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