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Barley Lane, Romford, RM6

London

£600,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
695 sqft

Description

This three-bedroom semi-detached house presents a promising opportunity for investors and homeowners alike. With an outbuilding that can serve various functions, this property is ripe for conversion or extension, allowing you to tailor the living space to your specific needs. The bright interior features a welcoming reception area enhanced by natural light and a cozy fireplace, providing a comfortable atmosphere for relaxation. An expansive kitchen/dining area enhances the functionality of the ground floor, while practical amenities such as a utility room and a ground-floor shower room add convenience for daily living. The upper level boasts three bedrooms, two of which are generously sized doubles alongside a single room, along with a family bathroom designed for ease during busy mornings. Outside, the substantial garden—over 100ft long—offers potential for landscaping or additional outdoor features. The property also benefits from side access and ample storage solutions at the rear, making it ideal for garden enthusiasts. There’s ample driveway parking available as well, positioning this home as a sound investment choice with development opportunities subject to planning permission. Located near open green spaces and key transport links like Chadwell Heath Station just one mile away, plus esteemed schools within close proximity, this property combines convenience with significant renovation potential.

Investment Analysis

(RM6 area)

Above Market Value

This property is priced +91.6% above area average per sq ft

+91.6%
This Property
£863/sq ft
Area Average
£451/sq ft
Avg Rent (weekly)
£439
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£344,522
10% above area average per sq ft
Potential ROI
-47.0%
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

Barley Lane, Romford, 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
£2,198
Based on a loan of £450,000 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.

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