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Havering Road, Romford

London

£400,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
887 sqft

Description

This three-bedroom home presents an excellent opportunity for renovation and investment, allowing you to tailor the space according to your vision. With a chain-free status, the property is ready for new owners who are eager to infuse their personal touch. Upon entering, you'll notice a wide hallway leading into a generous living room that comfortably accommodates two large sofas—ideal for relaxation or hosting guests. The under-stairs storage provides added functionality, making it easy to keep the space organized. At the rear of the house, an open-plan kitchen and dining area offer ample room for entertaining. The patio doors invite natural light and provide direct access to the backyard. This layout not only enhances the living experience but also holds potential for reconfiguration; envision transforming this area into a contemporary kitchen with an island or incorporating bi-fold doors for seamless indoor-outdoor living. Upstairs, the master bedroom is well-sized and easily fits a king-size bed alongside wardrobes. The second bedroom is also a double and includes built-in storage solutions, while the third bedroom is suitable for various uses, including as a home office or child’s room. A three-piece bathroom serves this level efficiently. Outside, the garden features a patio area perfect for outdoor dining and relaxation. With a well-kept lawn extending beyond, there's ample space that could allow for future extensions (subject to planning permission), all while preserving a generous outdoor area. Off-street parking at the front adds convenience. The location further enhances this property's appeal. Lawns Park is just 0.4 miles away, providing green space for recreation, while several schools—Parklands Primary School (0.1 miles), St Patrick's Primary School (1 mile), and Marshalls Park Academy (1 mile)—are within close proximity, making it ideal for families. For commuters, Romford Rail Station connecting to the Elizabeth Line is accessible at 1.6 miles, along with Hainault Underground Station on the Central Line approximately 4.2 miles away. With its existing features and potential for customization, this property represents not just a home but also an avenue for growth and investment in an increasingly desirable area.

Investment Analysis

(RM1 area)

Below Market Value

This property is priced -2.7% below area average per sq ft

-2.7%
Potential saving
This Property
£451/sq ft
Area Average
£463/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£452,188
10% above area average per sq ft
Potential ROI
+0.5%
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 (RM1)

Area prices are rising by +7.9% over the last 12 months
3 year growth: 7.1%
5 year growth: 8.8%
Investment Disclaimer: Analysis based on RM1 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

Havering Road, Romford
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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
£1,465
Based on a loan of £300,000 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