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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 renovation opportunity for first-time buyers or investors aiming to add value. With probate already granted, the property consists of two spacious double bedrooms and a functional bathroom, offering a solid foundation for comfortable living. Its potential to be extended (subject to planning permission) further enhances its investment appeal, allowing for increased living space in a growing area.<br><br>Located conveniently near Harold Wood Station, this home benefits from easy transport links into central London, making it an attractive option for commuters. Local amenities are also within walking distance, ensuring that daily necessities are easily accessible.<br><br>This freehold property is being auctioned online and represents an affordable entry point into the Romford property market. The chance to extend and its strategic location make this a worthwhile consideration for anyone looking to invest. Don’t miss out on securing this promising project with significant potential.

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)
£462
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£394,133
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
26%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 4.6%
5 year growth: 20.0%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£952
Based on a loan of £195,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE