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Wallace Way, Romford, RM1

London

£750,000

Listed on 18/03/2026

Property Details

Bedrooms
5
Type
Detached
Area
2289 sqft

Description

This detached home in the sought-after Rise Park area of Romford presents a significant opportunity for renovation and enhancement, particularly appealing to investors or families looking to create their ideal living space. Offering five spacious double bedrooms and three bathrooms, this property is well-suited for larger households needing room to grow. The integral garage holds potential for conversion into additional living space, pending necessary permissions, which could increase the property's value significantly. Spanning three floors, the interior layout features a bright dining room at the front, a large reception room at the rear that opens onto a secluded garden, and a modern kitchen equipped with an island unit and a glazed roof section that floods the space with natural light. While the home has been maintained to a good standard, there are opportunities for updates in decor and fixtures that could further enhance its appeal. On the first floor, you will find three double bedrooms including one with an en suite and dressing area, along with a family bathroom. The second floor includes two additional sizeable bedrooms and another bathroom. This flexible layout is ideal for families or individuals needing extra space for work-from-home arrangements. The outdoor area is equally impressive, featuring a well-kept garden that backs onto an open meadow—providing excellent privacy as well as potential landscaping options. The decked seating area and patio offer spaces suitable for entertaining or enjoying family time outdoors. Located in a family-friendly neighborhood with access to local shops, parks, and schools, this property also benefits from convenient road connections and public transport links into Central London via the Elizabeth Line.

Investment Analysis

(RM1 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£328/sq ft
Area Average
£460/sq ft
Avg Rent (weekly)
£376
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£1,157,479
10% above area average per sq ft
Potential ROI
+42.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +3.4%
5 year growth: +12.0%
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

Wallace Way, Romford, RM1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,676
Based on a loan of £562,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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