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Drummond Avenue, Romford, RM7

London

£400,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
807 sqft

Description

This terraced property presents an excellent opportunity for those looking to invest in a family home or a renovation project. Situated within proximity to Romford High Street and the Elizabeth Line station, it offers three bedrooms on the upper level, making it an ideal layout for family living. The house requires modernisation, providing a blank canvas for a new owner to inject personal style and create a contemporary living space.<br><br>Benefiting from good transport links via nearby roads including the A127, A12, and M25, the location ensures easy access around the London area. A generous 30ft garden at the rear is perfect for outdoor pursuits or potential landscaping projects. Off-street parking is also available, which is a significant asset in this urban setting. With no onward chain, this property is ready for immediate occupation or to undergo renovation according to your vision. Seize the chance to explore this promising investment opportunity today.

Investment Analysis

(RM7 area)

Above Market Value

This property is priced +10.4% above area average per sq ft

+10.4%
This Property
£496/sq ft
Area Average
£449/sq ft
Avg Rent (weekly)
£407
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£398,533
10% above area average per sq ft
Potential ROI
-9.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (RM7)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +5.3%
5 year growth: +27.0%
Investment Disclaimer: Analysis based on RM7 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

Drummond Avenue, Romford, RM7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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