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Chigwell View, Romford, RM5

London

£275,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
842 sqft

Description

This three-bedroom property offers an exceptional opportunity for cash buyers looking to create their dream home or make a strategic investment. Nestled in a serene location with expansive views of the countryside, this residence provides both privacy and potential. While it is positioned conveniently near transport links and local amenities, it also allows residents to enjoy the tranquility of rural living. This home is being sold with no onward chain, making it an attractive option for those eager to start a renovation project. The property presents a blank canvas for imaginative updates and enhancements, ideal for maximizing its investment value. With compelling views that are hard to come by, this property stands out as a prime opportunity for those looking to downsize or invest in a unique countryside retreat. Furthermore, the Modern Method of Auction facilitates a straightforward purchase process within 56 days, appealing to buyers ready to act quickly. Given its potential and location, this property should not be overlooked by anyone seeking an interesting renovation opportunity.

Investment Analysis

(RM5 area)

Below Market Value

This property is priced -25.7% below area average per sq ft

-25.7%
Potential saving
This Property
£327/sq ft
Area Average
£440/sq ft
Avg Rent (weekly)
£420
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£407,389
10% above area average per sq ft
Potential ROI
+25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (RM5)

Area prices are rising by +3.0% over the last 12 months
3 year growth: +2.5%
5 year growth: +20.4%
Investment Disclaimer: Analysis based on RM5 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

Chigwell View, Romford, RM5
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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
£992
Based on a loan of £206,250 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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