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Gresham Drive, Romford, London, RM6 - Image 1
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Gresham Drive, Romford, London, RM6 - Image 3
Gresham Drive, Romford, London, RM6 - Image 4
Gresham Drive, Romford, London, RM6 - Image 5
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Gresham Drive, Romford, London, RM6 - Image 7
Gresham Drive, Romford, London, RM6 - Image 8

Gresham Drive, Romford, London, RM6

London

£450,000
Listed on 09/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This property presents an exciting opportunity for those looking to invest in a renovation project. Ideally suited for buyers with a vision, it requires modernization throughout, making it the perfect canvas to imprint your personal style. There is significant potential for expansion, with the possibility of extending to the rear and converting the loft space, as seen in many nearby homes. Upon entering, you are welcomed by a porch leading into a hallway that provides access to the staircase. The ground floor comprises two reception rooms—one at the front and a dining room at the back—each offering ample space for various layouts. The kitchen, located towards the rear of the house, features numerous wall and base units along with workspace and provision for essential appliances; it opens directly to the exterior. On the first floor, you’ll find two generously sized double bedrooms along with a smaller single bedroom. The family bathroom completes this level. Outside, there is a low-maintenance front garden complemented by off-street parking. The expansive rear garden measures 55 feet and is primarily laid to lawn with some established planting, providing ample outdoor space that could benefit from landscaping or reconfiguration. This property is well-positioned for those keen on creating their ideal home or seeking solid investment potential in a desirable London location.

Investment Analysis

(RM6 area)
Area Average
£449/sq ft
Avg Rent (weekly)
£463
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (RM6)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 0.8%
5 year growth: 10.3%
Investment Disclaimer: Analysis based on RM6 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

Gresham Drive, Romford, London, RM6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% 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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