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The Drive, Collier Row, Romford, RM5 - Image 1
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The Drive, Collier Row, Romford, RM5

London

£375,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property presents a compelling opportunity for those interested in renovation and investment. With a solid structure and a strategic location, it is ideal for first-time buyers or seasoned investors looking to enhance its value. The home is conveniently situated within walking distance of local schools, shops, and various amenities, making it particularly appealing for families seeking accessibility and community engagement. Off-street parking adds to the practicality of the residence, while the layout includes a first-floor bathroom that optimizes space on the ground level. While the property requires modernisation, this opens up possibilities for customization according to individual tastes and preferences. By undertaking renovations, new owners can significantly increase both the aesthetic appeal and market value of the home. Additionally, being offered chain-free simplifies the acquisition process for potential buyers. This property not only serves as a comfortable living space but also stands as a promising investment with ample potential to create substantial returns in the future. Overall, this home invites you to envision its transformation into a tailored haven that reflects your personal style while also serving as an attractive investment opportunity.

Investment Analysis

(RM5 area)
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

The Drive, Collier Row, 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
£1,374
Based on a loan of £281,250 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE