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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 on Daventry Road presents a noteworthy opportunity for both investors and first-time buyers eager to embark on a renovation project. Recently granted probate, this property includes two spacious double bedrooms and a bathroom, laying the foundation for a comfortable residential experience. The potential for extension, subject to receiving planning permission, opens avenues for future enhancements that could significantly increase the property's value. Strategically located near Harold Wood Station, the house offers excellent transport links into central London and is well-suited for commuters. Essential local amenities are conveniently within walking distance, enhancing daily living. As a freehold property being sold via auction, it represents an appealing entry point into the Romford housing market at an attractive price. The combination of the property's renovation scope and its prime location underscores its potential as a sound investment. Prospective buyers would do well to act swiftly to capitalize on this opportunity.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£323/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£447
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£393,646
10% above area average per sq ft
Potential ROI
+31.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (RM3)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +3.1%
5 year growth: +15.9%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£938
Based on a loan of £195,000 over 30 years at 4.06% 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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