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Faircross Avenue, Romford, RM5 - Image 1
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Faircross Avenue, Romford, RM5

London

£425,000
Listed on 11/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1107 sqft

Description

This property presents a promising opportunity for renovation and investment, featuring three well-proportioned bedrooms and a spacious lounge dining area that invites creative reimagining. The modern galley kitchen is functional as is, yet offers potential for updates or even expansion to suit your vision. Upstairs, the three bedrooms provide ample space for family living or can be adapted to cater to different needs, from home offices to guest rooms. The modern family bathroom completes the upper floor, offering comfort and convenience. The generous Westerly facing garden is a standout feature, perfect for outdoor enjoyment and with rear access that leads to a garage as well as off-street parking. A sizable brick-built shed/workshop enhances the utility of this outdoor space. Additionally, the front garden holds possibilities for further off-street parking if required. Given the trend in this area for extensions and loft conversions (subject to planning permission), there is clear potential to enhance both the living space and property value. This makes it an ideal candidate for first-time buyers looking to invest in their future or those considering downsizing while still seeking potential growth. The location offers convenient access to local shops and amenities in Collier Row and Rise Park, with a 10-minute bus ride providing direct links to Romford Station and the Elizabeth Line, facilitating commutes into Central London. Furthermore, major commuter routes such as the A12, A127, and M25 are easily accessible, making this property not only a comfortable home but also a strategic investment in an increasingly desirable area.

Investment Analysis

(RM5 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£384/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£541,633
10% above area average per sq ft
Potential ROI
+17.7%
After renovation
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

Faircross Avenue, 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.

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