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Ascension Road, Collier Row, RM5 - Image 1
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Ascension Road, Collier Row, RM5

London

£675,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1928 sqft

Description

This spacious three-bedroom detached bungalow presents a unique opportunity for both investors and those seeking a comfortable family home with significant renovation potential. Located in Romford, the property sits on a generous plot and features an expansive carriage driveway, allowing for ample off-street parking as well as a secure garage. The interior boasts an elegant living room with traditional features such as a fireplace and detailed coving. The core of this home is undoubtedly the large kitchen and breakfast area, which opens out to a bright dining space with French doors leading to the garden, perfect for entertaining or family gatherings. The primary bedroom benefits from fitted wardrobes and an en suite bathroom complete with a walk-in shower. Two additional double bedrooms also feature built-in storage, while the original family bathroom provides both a bathtub and separate shower facilities, offering scope for modernisation. Outdoors, the well-maintained garden includes a patio area surrounded by mature greenery—ideal for outdoor activities or relaxation. A substantial annex at the back offers additional versatility; it has its own lounge and shower room, making it suitable for guests or rental potential. This space could be enhanced further to boost its utility. Situated near shops, schools, and parks, this property enjoys excellent transport links including easy access to major roadways and local train services. With some updates needed inside and outside to truly maximise its value, this bungalow stands out as an enticing project for those willing to invest in refurbishment.

Investment Analysis

(RM5 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£350/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£943,332
10% above area average per sq ft
Potential ROI
+30.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (RM5)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 5.7%
5 year growth: 25.7%
Investment Disclaimer: Analysis based on RM5 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

Ascension Road, Collier Row, RM5
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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
£2,473
Based on a loan of £506,250 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