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Coleridge Road, ROMFORD, Essex, RM3 - Image 1
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Coleridge Road, ROMFORD, Essex, RM3

London

£500,000
Listed on 26/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1178 sqft

Description

This property offers a significant opportunity for renovation or expansion, presenting a blank canvas for those looking to create their ideal family home. With three spacious bedrooms and flexible living spaces, the layout can be easily adapted to fit various lifestyles and preferences. Currently, one of the bedrooms is utilized as an additional reception room, showcasing the versatile nature of this home. The kitchen and bathroom are functional but offer the potential for modernization, allowing new owners to tailor them according to personal taste. A standout feature is the expansive garden that exceeds 100 feet in length, providing ample outdoor space for children to play or for entertaining during warmer months. At the front, you'll find a garden and driveway leading to a garage, with future possibilities to enhance parking capacity for multiple vehicles. Conveniently situated near local shops and amenities in Harold Hill and Heaton Grange, this property is well-connected by public transport. A short bus ride takes you to Romford or Gidea Park station, where direct services to Central London and access to the Elizabeth Line can be found. The property also benefits from close proximity to major roadways such as the A12, A127, and M25, making it an ideal location for commuters seeking easy access to both Essex and London. With its prime location and substantial potential for improvement or expansion (subject to planning permission), this property stands out as an advantageous investment opportunity in a desirable area.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -4.4% below area average per sq ft

-4.4%
Potential saving
This Property
£424/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£575,270
10% above area average per sq ft
Potential ROI
+4.6%
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

Coleridge Road, ROMFORD, Essex, 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
£1,832
Based on a loan of £375,000 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