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Heath Drive, Romford

London

£800,000
Listed on 10/04/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
3107 sqft

Description

This spacious detached residence is situated in the coveted Exhibition Estate and offers over 3,100 sq ft of living space, presenting a remarkable opportunity for renovation and investment. The property is characterized by its solid structure and generous proportions, making it an ideal candidate for a modern transformation. The expansive ground floor includes an impressive reception room with a large bay window that floods the space with natural light, as well as a formal dining area perfect for entertaining. The kitchen, positioned at the rear, can be redesigned or extended to create an open-plan layout that connects seamlessly to the outdoor garden space. The home boasts three generously sized master bedrooms on the ground floor, providing ample room for customization and storage solutions. A versatile fourth room serves well as a guest bedroom or home office. The loft area adds further potential; currently a blank canvas, it can be transformed into a luxurious master suite with an ensuite or converted into leisure spaces such as a cinema or gym. Externally, the large plot encompasses wrap-around gardens that enhance privacy and tranquility. Additionally, the substantial garage provides further options for conversion into living space if desired. Set within an esteemed area of Romford known for its excellent schools and transport connections—such as Gidea Park Station with easy access to central London—this property combines suburban peace with accessibility, making it an attractive investment.

Investment Analysis

(RM2 area)

Below Market Value

This property is priced -47.1% below area average per sq ft

-47.1%
Potential saving
This Property
£257/sq ft
Area Average
£487/sq ft
Avg Rent (weekly)
£395
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,664,249
10% above area average per sq ft
Potential ROI
+80.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM2)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +18.7%
5 year growth: +17.0%
Investment Disclaimer: Analysis based on RM2 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

Heath 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
£2,833
Based on a loan of £600,000 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.

Stamp Duty Calculator

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