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Colne Drive, Romford

London

£425,000
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
862 sqft

Description

This well-maintained end-of-terrace property is positioned on a generous corner plot, presenting significant opportunities for expansion. Currently comprising three bedrooms, the home features a small side extension and retains ample potential for further development into the rear and side areas, as well as a loft conversion (subject to planning permission). The ground floor layout includes an entrance hall, reception room, kitchen, dining/office area, and a private garden with a spacious side return that could be leveraged for additional living space. The first floor houses the three bedrooms and a family bathroom, with access to the sizeable loft that offers further possibilities for enhancement. Situated just under a mile from Harold Wood Station on the Elizabeth Line, this property benefits from excellent transport links to Central London and is surrounded by local amenities such as shops, restaurants, schools, and green spaces. Its location on Colne Drive provides convenient access to major roadways (A12, A127, M25), making it an attractive option for commuters and families alike. This property not only serves as a comfortable home but also as a promising investment opportunity with its substantial renovation potential.

Investment Analysis

(RM3 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£493/sq ft
Area Average
£444/sq ft
Avg Rent (weekly)
£436
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£421,427
10% above area average per sq ft
Potential ROI
-13.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM3)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +2.7%
5 year growth: +12.4%
Investment Disclaimer: Analysis based on RM3 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

Colne Drive, Romford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 over 30 years at 3.91% 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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