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Pettits Lane North, Romford, RM1

London

£700,000
Listed on 25/03/2026

Property Details

Bedrooms
4
Type
Semi Detached Bungalow
Area
1535 sqft

Description

This four-bedroom chalet-style bungalow offers a substantial plot and versatile living spaces, presenting an excellent opportunity for renovation and investment. Located in the sought-after Rise Park area, the property features a generous rear garden that could benefit from thoughtful landscaping or expansion possibilities, pending planning permission. The layout includes a welcoming hallway leading to three well-sized ground-floor bedrooms, two of which feature classic bay windows, a family bathroom, and a convenient utility room alongside an attached garage. The spacious kitchen diner is equipped with ample storage and work surface area, perfect for reconfiguration to suit modern living standards. The expansive reception room at the rear boasts direct garden access, ideal for entertaining or family gatherings. On the first floor, an additional bedroom with eaves storage further adds to the home's adaptability for families or remote work needs. The outdoor space is truly remarkable; the rear garden extends approximately 57 metres in length with various planting options and ample room for children's play or future enhancements. A private driveway ensures ample off-street parking for multiple vehicles. This property is conveniently situated near educational institutions like Rise Park Academy and Marshalls Park Academy as well as local shopping amenities. With accessible public transport options into Romford town centre and connections to Central London via the Elizabeth line, along with good road access to major routes like the A12 and M25, this home has significant potential for both personal use and value appreciation through renovations.

Investment Analysis

(RM1 area)

Below Market Value

This property is priced -1.2% below area average per sq ft

-1.2%
Potential saving
This Property
£456/sq ft
Area Average
£462/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£779,412
10% above area average per sq ft
Potential ROI
+5.3%
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

Pettits Lane North, 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
£2,525
Based on a loan of £525,000 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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