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Retford Path, Romford, RM3 9NL

London

£425,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
969 sqft

Description

Set on a substantial corner plot, this three-bedroom semi-detached home presents a promising opportunity for those looking to invest in a property with significant renovation potential. The layout is spacious and functional, providing a blank canvas for creative updates and enhancements. Conveniently situated within close proximity to Harold Wood Station, the location offers excellent transport links for commuters and easy access to major roadways. Local amenities, including shops and essential services, are just a short distance away, contributing to the property's appeal for everyday living. Families will find the area particularly attractive due to its access to quality schools and expansive parks. The nearby Central Park Leisure Centre adds further value, offering recreational facilities such as swimming pools and sports fields that cater to various interests. This property not only provides immediate comfort but also boasts the possibility of expansion or modernization—subject to planning permission—which makes it an ideal candidate for long-term investment. With no onward chain, it’s positioned perfectly for buyers who want to either move in right away or embark on an exciting renovation journey. Viewings are encouraged for those interested in exploring its full potential.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -1.2% below area average per sq ft

-1.2%
Potential saving
This Property
£439/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£473,206
10% above area average per sq ft
Potential ROI
+5.2%
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

Retford Path, Romford, RM3 9NL
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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
£1,557
Based on a loan of £318,750 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