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Carter Drive, Romford, RM5

London

£425,000
Listed on 05/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached family home presents a compelling opportunity for those seeking a property with renovation and investment potential, located in the desirable area of Collier Row. The residence boasts a spacious lounge and kitchen area which serves as a welcoming hub for family life. With three well-proportioned bedrooms, it offers ample space for both personal and communal living. A notable feature is the generous garden at the rear, providing an ideal setting for outdoor activities or potential landscaping projects. Additionally, there is a private driveway and garage that enhance convenience and ease of access. The property is situated within close proximity to essential amenities, including local schools, shops, and transport links, making it appealing not just for family living but also as an investment opportunity. Potential buyers may explore options to extend or renovate (subject to planning permission), increasing both the value and functionality of the home. This combination of location benefits and renovation possibilities makes this property a noteworthy option for those looking to invest in a home with growth potential in Collier Row.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Carter Drive, 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
£1,557
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.

Next Steps

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