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Karen Close, Rainham, RM13

London

£400,000
Listed on 30/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
811 sqft

Description

This three-bedroom terraced house is situated in a peaceful cul-de-sac within the sought-after Cherry Tree area, offering a promising opportunity for renovation and investment. Conveniently located near the A13 and local bus routes to Romford, it provides excellent connectivity to central London via nearby train stations, including Rainham C2C and Dagenham East on the District Line. The property is well-suited for those looking to modernise; it features an entrance hall, a sizeable lounge measuring 17’2” x 14’6”, and a large fitted kitchen at 16’ x 7’1”. The layout continues upstairs with three bedrooms and a family bathroom. Outside, there's a private rear garden with access to a garage equipped with an electric car charging point. Additional benefits include gas central heating and double glazing. This home is chain-free, making it an attractive option for buyers eager to create their ideal living space while enhancing its market value.

Investment Analysis

(RM13 area)

Above Market Value

This property is priced +14.3% above area average per sq ft

+14.3%
This Property
£493/sq ft
Area Average
£431/sq ft
Avg Rent (weekly)
£443
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£384,852
10% above area average per sq ft
Potential ROI
-13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (RM13)

Area prices are rising by +6.5% over the last 12 months
3 year growth: +7.1%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on RM13 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

Karen Close, Rainham, RM13
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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
£1,443
Based on a loan of £300,000 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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