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Faringdon Avenue, Romford, RM3 - Image 1
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Faringdon Avenue, Romford, RM3

London

£330,000
Listed on 28/08/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
778 sqft

Description

This two-bedroom mid-terrace residence presents a unique opportunity for renovation and investment, with a practical layout and no onward chain facilitating a swift transaction. Situated within walking distance to Harold Wood Station, which offers convenient access to the Elizabeth Line, this property is ideal for those seeking to create their dream home while benefiting from excellent transport links. The ground floor features a front reception room that welcomes ample natural light, creating an inviting atmosphere. At the rear of the property, the separate kitchen provides a blank canvas for modernization and personal touch. Upstairs are two well-proportioned bedrooms and a family shower room, making it suitable for both first-time buyers and investors looking to enhance rental appeal. Additionally, there's a loft room offering versatile space—perfect for extra storage or as a cozy hobby area. The outdoor space measures just under 40 feet and can be accessed via a shared walkway. This garden area offers significant potential for landscaping or improvement to meet your preferences, enhancing both enjoyment and value. Located strategically for easy access to the A12 and M25, this property is well-connected for road travel. The surrounding neighborhood boasts several primary and secondary schools, providing solid educational options for families. With Harold Wood station's rapid connections to Central London and Heathrow Airport via the Elizabeth Line, this location is appealing not just as a home but also as an investment opportunity. In summary, this property is a solid choice for anyone looking for a project with promising returns in an area that combines convenience with growth potential.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -4.5% below area average per sq ft

-4.5%
Potential saving
This Property
£424/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£379,932
10% above area average per sq ft
Potential ROI
+2.7%
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
13%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 6.0%
5 year growth: 21.0%
Investment Disclaimer: Analysis based on RM3 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

Faringdon Avenue, Romford, RM3
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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
£1,209
Based on a loan of £247,500 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