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Irons Way, Romford, RM5

London

£450,000
Listed on 26/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1000 sqft

Description

This property presents a unique opportunity for buyers looking to personalize their new home. With no onward chain, you can move in immediately and start making enhancements according to your taste. The integral garage offers the potential for extension, allowing for more living space if required. The expansive lounge and dining area provides a versatile setting, while the contemporary kitchen is ready for your own touch. A generous garden at the back ensures ample outdoor space even with potential rear extensions. Upstairs, you'll find three well-sized bedrooms along with a modern bathroom and a separate WC, catering comfortably to family needs. The front of the property includes off-street parking and additional garden space, offering further opportunities for development or landscaping. Ideally situated near local amenities and just a short bus ride from Romford station and the Hainault Tube line, this location supports convenient commuting to Central London and surrounding areas via major roads such as the A127, A12, and M25.

Investment Analysis

(RM5 area)

Above Market Value

This property is priced +1.2% above area average per sq ft

+1.2%
This Property
£450/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£489,280
10% above area average per sq ft
Potential ROI
-0.1%
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

Irons Way, 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
£1,648
Based on a loan of £337,500 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.

Next Steps

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