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Daventry Road, Romford, RM3

London

£260,000
Listed on 09/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
804 sqft

Description

This two-bedroom terraced house presents an excellent opportunity for buyers looking to invest or embark on a renovation project. With probate already granted, the property comprises two spacious double bedrooms and a bathroom, offering a solid foundation for comfortable living. The potential for extension—subject to obtaining the necessary planning permissions—further enhances its appeal, allowing for future growth and increased value. Conveniently situated near transport links, Harold Wood Station is only a short walk away, making this location ideal for commuters needing quick access to central London. Additionally, local amenities are within walking distance, ensuring everyday conveniences are easily reachable. As a freehold property available through auction, this house offers an attractive investment prospect in Romford at an accessible price point. The combination of its prime location and potential for expansion makes it a strategic choice for those looking to make their mark in the property market. Interested buyers should act swiftly to secure this promising opportunity.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£323/sq ft
Area Average
£446/sq ft
Avg Rent (weekly)
£454
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£394,089
10% above area average per sq ft
Potential ROI
+35.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +4.3%
5 year growth: +19.1%
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

Daventry Road, Romford, RM3
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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
£938
Based on a loan of £195,000 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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