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Lawns Way, Romford, RM5

London

£430,000
Listed on 05/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
846 sqft

Description

This two-bedroom semi-detached bungalow presents a promising opportunity for renovation and investment within the desirable Collier Row area of Romford. The property is situated in a tranquil residential neighborhood characterized by well-maintained homes, making it an attractive option for both families and commuters. Its proximity to local amenities and efficient transport links into Romford and central London further enhances its appeal. Internally, the layout begins with an entrance hall that connects to the main living areas. The open-plan living and dining space is well-lit thanks to dual aspect double glazed windows, creating an inviting atmosphere. The laminate flooring adds a modern touch, while the feature fireplace offers potential for enhancement. A door leads from this area to the kitchen, which boasts a functional design with wall and base units, ample workspace, and plumbing for appliances, as well as access to the conservatory. The conservatory extends the living space with its abundance of natural light and flexibility for various uses. It features roof and rear fitted double glazed windows along with French patio doors that open out to the backyard. Both bedrooms are generously sized, offering opportunities for personalisation or modernization—each equipped with laminate flooring and distinct views through double glazed windows. The three-piece shower room includes essential fixtures with tiled walls and flooring, providing a clean slate for updates. Externally, the property occupies a substantial plot that includes landscaped gardens with mature shrubs and seating areas formed by paved patios. A spacious driveway accommodates multiple vehicles and suggests potential for expansion (subject to planning permission). With ample scope for refurbishment or reconfiguration to enhance its value, this bungalow not only serves as a comfortable residence but also represents a noteworthy investment opportunity in a promising location.

Investment Analysis

(RM5 area)

Above Market Value

This property is priced +14.3% above area average per sq ft

+14.3%
This Property
£508/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£413,931
10% above area average per sq ft
Potential ROI
-9.0%
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

Lawns Way, Romford, 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
£1,575
Based on a loan of £322,500 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