Worst House on the Street Logo
Parkland Avenue, Romford, RM1 - Image 1
Parkland Avenue, Romford, RM1 - Image 2
Parkland Avenue, Romford, RM1 - Image 3
Parkland Avenue, Romford, RM1 - Image 4
Parkland Avenue, Romford, RM1 - Image 5
Parkland Avenue, Romford, RM1 - Image 6
Parkland Avenue, Romford, RM1 - Image 7
Parkland Avenue, Romford, RM1 - Image 8
Parkland Avenue, Romford, RM1 - Image 9
Parkland Avenue, Romford, RM1 - Image 10
Parkland Avenue, Romford, RM1 - Image 11

Parkland Avenue, Romford, RM1

London

£700,000
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
974 sqft

Description

This two-bedroom detached bungalow, set on a generous corner plot, presents an excellent opportunity for renovation and potential expansion, subject to securing the necessary planning approvals. The property is offered with no onward chain, making it a straightforward option for investors or those looking to create their ideal home. Upon entry, the hallway leads into spacious living areas that include a sizable lounge/diner measuring approximately 29' x 11'. This room features double-glazed French doors and windows that fill the space with natural light. The adjoining kitchen is well-equipped with essential appliances and offers ample space for further modernisation. It connects conveniently to a conservatory that opens onto the garden, creating an inviting area for relaxation. The two bedrooms, each generously proportioned with bay windows, provide comfortable sleeping quarters. The fitted wardrobe in the second bedroom adds practicality, while the bathroom is equipped with both a bath and shower cubicle, accommodating various preferences. Externally, the property boasts a modest garden of around 57' x 50', featuring a mix of patio space and lawn areas along with shrub beds. This outdoor space not only enhances aesthetic appeal but also allows for potential landscaping or gardening projects. A detached garage adds valuable storage or workspace options and includes power and lighting. Location-wise, the bungalow benefits from its proximity to major road links such as the A12 and M25, facilitating easy access to surrounding areas. It’s also situated about 1.2 miles from Romford's Elizabeth Line station and just 0.4 miles from Raphael Park—a desirable local amenity for outdoor activities. Given its size, layout, and location advantages combined with significant investment potential through renovation or development opportunities, this property stands out as an appealing prospect in today’s market.

Investment Analysis

(RM1 area)

Above Market Value

This property is priced +55.1% above area average per sq ft

+55.1%
This Property
£719/sq ft
Area Average
£463/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£496,540
10% above area average per sq ft
Potential ROI
-32.9%
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 (RM1)

Area prices are rising by +7.9% over the last 12 months
3 year growth: 7.1%
5 year growth: 8.8%
Investment Disclaimer: Analysis based on RM1 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

Parkland Avenue, Romford, RM1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 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

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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