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Whalebone Lane North, Romford

London

£450,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1055 sqft

Description

This mid-terrace house, originally built in 1930, offers a solid foundation for those interested in renovation and investment opportunities. Spanning 1,055 square feet, the property features three bedrooms that provide ample space for family living or could easily be reconfigured to meet modern design preferences. The single reception room serves as a versatile area, suitable for both relaxation and entertaining. With some updates, this space could truly become the heart of the home. The kitchen is functional but presents potential for a stunning remodel to create an open-plan layout that invites light and enhances connectivity throughout the living areas. One notable asset is the expansive garden at the rear of the property. This private outdoor space is not only rare for urban homes but also offers a blank canvas for landscaping or extending the living area outdoors—perfect for gardening enthusiasts or families looking for additional play space. Located approximately 0.9 miles from the nearest train station, residents enjoy convenient access to major transport links, making commuting straightforward. The surrounding neighborhood boasts local shops, schools, and parks which cater to everyday needs while providing a welcoming community vibe. Whalebone Lane North sits within a well-connected suburban area of Chadwell Heath, bridging Havering and Barking & Dagenham. The locality features a diverse range of housing options alongside amenities like healthcare services and educational institutions. With several bus routes nearby and easy access to stations providing Elizabeth line and Overground services, this property is positioned well for both daily commutes and family life. Overall, this house represents an exciting opportunity for individuals looking to invest in a well-located home with significant renovation potential. Its generous layout combined with an attractive garden makes it appealing to families and investors alike who are looking to add value through thoughtful upgrades and modern enhancements.

Investment Analysis

(RM6 area)

Below Market Value

This property is priced -5.3% below area average per sq ft

-5.3%
Potential saving
This Property
£427/sq ft
Area Average
£451/sq ft
Avg Rent (weekly)
£439
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£522,979
10% above area average per sq ft
Potential ROI
+2.5%
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 (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

Whalebone Lane North, 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
£1,648
Based on a loan of £337,500 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