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Gresham Drive, ROMFORD, Essex, RM6 - Image 1
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Gresham Drive, ROMFORD, Essex, RM6

London

£500,000
Listed on 26/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
880 sqft

Description

This three-bedroom end-of-terrace property on Gresham Drive offers a prime opportunity for those looking to invest in a home with substantial renovation potential. Ideally situated near King George’s Hospital and various local amenities, the location provides both convenience and an attractive prospect for enhancements. The home features a private driveway and garage, ensuring off-street parking along with additional storage options. Inside, the spacious layout includes three decent-sized bedrooms and a living area that invites modern updates, particularly in the kitchen space which is awaiting a contemporary transformation. The end-of-terrace setting not only grants added privacy but also offers an expanded outdoor area with possibilities for future extensions (subject to necessary permissions). This property stands as an ideal candidate for families, professionals, or investors eager to capitalize on its inherent value and location.

Investment Analysis

(RM6 area)

Above Market Value

This property is priced +26.1% above area average per sq ft

+26.1%
This Property
£568/sq ft
Area Average
£451/sq ft
Avg Rent (weekly)
£439
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£436,229
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM6)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -0.5%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on RM6 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

Gresham Drive, ROMFORD, Essex, RM6
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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
£1,832
Based on a loan of £375,000 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