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Gooshays Drive, Romford, RM3

London

£340,000
Listed on 07/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
759 sqft

Description

This property is conveniently located near the Elizabeth Line, offering rapid access to key destinations like Stratford, Liverpool Street, and Canary Wharf, perfect for commuters. Central Park's expansive green areas are just a short walk away, complementing the nearby local shops and amenities in Harold Wood. The house features a functional design with two spacious double bedrooms, ideal for families or those needing a home office. While it does require modernisation, this presents a valuable opportunity for buyers to tailor the interior according to their preferences and needs. Additional advantages include off-street parking and no upward chain, facilitating a quicker purchase process. Please note that the sale is contingent upon the grant of probate.

Investment Analysis

(RM3 area)

Above Market Value

This property is priced +0.5% above area average per sq ft

+0.5%
This Property
£448/sq ft
Area Average
£446/sq ft
Avg Rent (weekly)
£454
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£372,031
10% above area average per sq ft
Potential ROI
-2.1%
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
32%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.3%
5 year growth: +19.1%
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

Gooshays Drive, Romford, RM3
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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
£1,226
Based on a loan of £255,000 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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