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Mildmay Road, Romford, RM7

London

£450,000
Listed on 21/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house in Romford is an inviting project for those looking to invest in a property with significant renovation potential. Ideal for first-time buyers, families, or seasoned investors, this home offers a generous living area on the ground floor, highlighted by a spacious through lounge adorned with large front-facing windows and a traditional feature fireplace that adds character to the space. At the rear, the conservatory-style extension provides ample natural light and can serve multiple purposes as a family room or dining area, overlooking the garden and enhancing the living experience. The kitchen offers good lighting and dining space but requires modernisation to suit contemporary standards. On the first floor, you will find two double bedrooms—one benefiting from built-in wardrobes—and a single bedroom alongside a family bathroom that awaits updates. Located conveniently within walking distance to Romford Town Centre, residents will enjoy easy access to shops, cafes, restaurants, and local amenities. Parks nearby contribute green leisure spaces for relaxation. Excellent transport links are another major highlight of this property; with Romford Station providing quick access into central London via the Elizabeth Line—approximately 25 minutes to Liverpool Street—and additional routes on the District Line. Furthermore, this location is well-situated for various local schools, increasing its desirability for families. Being chain-free and requiring updating throughout presents a unique opportunity for buyers to put their personal stamp on this home.

Investment Analysis

(RM7 area)
Area Average
£447/sq ft
Avg Rent (weekly)
£425
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (RM7)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +5.1%
5 year growth: +21.1%
Investment Disclaimer: Analysis based on RM7 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

Mildmay Road, Romford, RM7
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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
£1,594
Based on a loan of £337,500 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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