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Chase Cross Road, Romford, RM5 - Image 1
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Chase Cross Road, Romford, RM5

London

£375,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
787 sqft

Description

This two-bedroom detached bungalow offers a promising opportunity for investors or buyers looking for a renovation project. Set on a spacious plot, the property features a private and enclosed rear garden, along with a driveway and garage—essential amenities that add to its appeal. The bungalow presents significant potential for modernization, allowing new owners to tailor the space to their specifications. With the possibility of extending (subject to planning permission), there's ample scope to enhance both functionality and value. Conveniently located in a sought-after residential area, this home is within easy reach of local amenities, including shops and schools. Additionally, transport links are nearby with access to major roadways such as the A12, A127, and M25, as well as rail connections to London from Romford or Hainault stations. With no onward chain, this property is ready for immediate purchase, making it an attractive option for those keen on taking on a project without delay. This bungalow truly serves as a blank canvas—ideal for anyone looking to invest in an area with growth potential or create their dream home through renovation. Early viewing is advisable as opportunities like this tend not to linger on the market for long.

Investment Analysis

(RM5 area)

Above Market Value

This property is priced +7.1% above area average per sq ft

+7.1%
This Property
£476/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£385,063
10% above area average per sq ft
Potential ROI
-18.9%
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

Chase Cross Road, 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
£1,374
Based on a loan of £281,250 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