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Richmond Road, Romford, RM1

London

£350,000
Listed on 03/03/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This charming two-bedroom cottage, situated on the borders of Romford and Hornchurch, presents an enticing opportunity for investors or first-time buyers looking to make their mark. The property is conveniently located within walking distance of Romford train station and the town centre, allowing for easy commuting and access to local amenities. While it currently requires modernisation, the home boasts significant potential for transformation. Upon entry, a small porch welcomes you into a spacious living room (3.7m x 3.6m) featuring neutral decor, original details like a chimney breast with wooden surround, and coved ceilings. This area could be enhanced with modern fixtures to create a more inviting atmosphere. The kitchen/diner (3.6m x 3.1m) occupies the rear of the home and provides ample space for a contemporary kitchen remodel that could serve as the heart of family gatherings while overlooking the garden through double glazed windows. The bathroom is functional but in need of updating; it contains a three-piece suite set against predominantly tiled walls, which could be rejuvenated with modern finishes. Upstairs are two well-sized bedrooms. Bedroom one (3.7m x 3.6m) is spacious with built-in cupboard storage and period features, while bedroom two (3.6m x 3.1m) offers comfortable living space with attractive decor. The outdoor area highlights this property's full potential, featuring an expansive garden approximately 80ft in length, offering plenty of scope for extending the property further or creating an outdoor oasis. This home is EPC rated tbc and falls under council tax band C.

Investment Analysis

(RM1 area)
Area Average
£462/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (RM1)

Area prices are rising by +4.7% over the last 12 months
3 year growth: +2.9%
5 year growth: +7.1%
Investment Disclaimer: Analysis based on RM1 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

Richmond Road, Romford, RM1
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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
£1,262
Based on a loan of £262,500 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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