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Avenue Close, Romford, RM3

London

£300,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
689 sqft

Description

Nestled in a quiet cul-de-sac within the desirable Avenue Close area of Harold Wood, this two-bedroom first-floor maisonette offers significant renovation potential for those looking to personalize their living space. Its proximity—just 0.4 miles from Harold Wood Station—provides convenient access to Central London via the Elizabeth Line, making it an attractive option for commuters. The layout features a spacious living room, a separate kitchen, and two generously sized bedrooms, each equipped with built-in storage solutions. Additionally, the property includes a bathroom with a separate WC. One of the standout features is the private garden at the rear, which presents an opportunity for landscaping and outdoor use, perfect for entertaining or enjoying some quiet time outdoors. While the interior requires modern updates, this aspect allows prospective buyers to infuse their style and preferences into the renovation process. This maisonette is particularly suited for first-time buyers, professionals seeking a project, or investors aiming to capitalize on the area's growth potential through rental or resale opportunities. The combination of location, space, and investment appeal makes this property a noteworthy consideration in today’s market.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -1.9% below area average per sq ft

-1.9%
Potential saving
This Property
£435/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£336,470
10% above area average per sq ft
Potential ROI
-1.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Avenue Close, 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
£1,099
Based on a loan of £225,000 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.

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