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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

Situated in the sought-after Rise Park area of Romford, this detached residence offers substantial potential for renovation and investment. With five spacious double bedrooms and three bath/shower rooms, the property is well-equipped for a growing family. The integral garage presents an opportunity for conversion, subject to necessary permissions, enhancing the home's functionality and value. The unoverlooked rear garden, which backs onto serene open meadowland, creates an inviting outdoor space while providing privacy. Ample off-street parking is available for multiple vehicles. The interior spans three floors and is currently presented in a good condition but offers room for modernization or personal touches. The ground floor features a bright dining area, a generous rear reception room with garden access, and a contemporary kitchen with an island unit that benefits from a glazed roof bringing natural light into the space. The convenience of a ground floor WC complements this level, while the garage serves as valuable storage or parking. On the first floor, you'll find three double bedrooms including a principal suite with an en suite bathroom and dressing area, as well as a family bathroom. The second floor accommodates two additional large double bedrooms and another bathroom, catering perfectly to larger families or those needing extra space for remote working or guests. The garden is well-maintained and ideal for both entertainment and recreation—a decked seating area alongside patio space enhances its usability during family gatherings. With local amenities including parks, shops, and schools nearby, plus excellent transport links via the A12, A127, M25 roads and Romford station's Elizabeth Line service to Central London and Heathrow Airport, this property not only offers immediate comfort but also significant potential for future enhancements.

Investment Analysis

(RM1 area)

Below Market Value

This property is priced -29.0% below area average per sq ft

-29.0%
Potential saving
This Property
£328/sq ft
Area Average
£462/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£1,162,263
10% above area average per sq ft
Potential ROI
+45.3%
After renovation
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

Wallace Way, 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
£2,705
Based on a loan of £562,500 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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