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Chatteris Avenue, Romford, RM3

London

£350,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
807 sqft

Description

This two-bedroom mid-terrace house presents an ideal opportunity for those looking to invest in a property with significant renovation potential. Spanning approximately 75 sq m (808 sq ft), the home features off-street parking and a generous rear garden, which together create a solid base for customization and modernization. As you enter, the ground floor encompasses an entrance hall that leads to a front reception room, providing a cozy space for relaxation. The kitchen/dining area at the rear of the property is notably spacious and runs the full width of the house, allowing for versatile redesign possibilities. Given that it opens directly onto the garden, this area could easily be transformed into a contemporary family hub, with potential for extension (subject to planning permissions) to enhance living space further. Moving upstairs, the current layout includes two bedrooms alongside a bathroom. The main bedroom stands out due to its considerable size (approximately 5.70m x 3.26m), offering ample scope for reconfiguration—such as splitting it into two separate rooms—to create a third bedroom (also subject to necessary consents). The bathroom is located at the rear of the house, efficiently serving both bedrooms. On the exterior, off-street parking is available for one vehicle, with options to expand this space as well. The rear garden measures over 12m (40 ft) in length and is primarily laid to lawn, with access through a private walkway shared with neighboring properties. Location-wise, this property benefits from being around 1.2 miles (1.9 km) from Harold Wood station on the Elizabeth line, providing direct links into central London and beyond. Local bus routes also service the area well. Everyday amenities are conveniently close by, including supermarkets and shops at Hilldene. Families will appreciate proximity to Broadford Primary School—less than 200 meters away—as well as St Ursula’s Catholic Primary School within walking distance. Additionally, nearby Central Park and Dagnam Park offer expansive open spaces along with play areas and sports facilities. With its promising layout and prime location near essential services and schools, this property awaits your vision to transform it into a modern family home or investment opportunity.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£434/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£394,094
10% above area average per sq ft
Potential ROI
-8.4%
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

Chatteris Avenue, 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
£1,282
Based on a loan of £262,500 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