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Daventry Road, Romford, Essex, RM3 7RB - Image 1
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Daventry Road, Romford, Essex, RM3 7RB

London

£260,000
Listed on 14/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
804 sqft

Description

This two-bedroom terraced house presents an appealing investment or renovation project on Daventry Road. With the advantage of having probate granted, this property holds significant promise for those looking to add value through refurbishment. It comprises two generously-sized double bedrooms and a bathroom, offering a solid foundation for comfortable living. The potential to extend, subject to planning permission, could substantially enhance the property's size and marketability. Its strategic location near Harold Wood Station allows easy access to central London, making it particularly attractive for commuters. Local amenities are conveniently close by, ensuring that daily needs are easily met. As a freehold property being sold at auction, it provides an opportunity to acquire a home in Romford with substantial renovation possibilities. The combination of extension potential and prime location positions this house as a wise long-term investment. Prospective buyers should act swiftly to capitalize on this chance.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£323/sq ft
Area Average
£446/sq ft
Avg Rent (weekly)
£462
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£394,133
10% above area average per sq ft
Potential ROI
+31.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 4.6%
5 year growth: 20.0%
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

Daventry Road, Romford, Essex, RM3 7RB
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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
£952
Based on a loan of £195,000 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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