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Ascension Road, Romford, RM5

London

£550,000
Listed on 09/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
1205 sqft

Description

This corner property presents a versatile opportunity for both relaxation and investment. The naturally lit lounge, complete with a traditional fireplace, seamlessly connects to a dining space enhanced by sliding doors that lead to a bright garden area. A separate kitchen, strategically located, offers convenient access to both the side and rear of the home. The layout features two spacious double bedrooms alongside a modern family bathroom and an additional utility room equipped with a guest WC, enhancing the property's practicality.<br/><br/>The expansive outdoor space is particularly noteworthy, boasting a sizeable lawn and patio that are perfect for entertaining during warmer months. Furthermore, the presence of a detached garage and off-road parking increases the convenience factor. Given the ample plot size, there is significant potential for future development or expansion, making it an attractive proposition for long-term investment.<br/><br/>Nestled in Collier Row, this home benefits from proximity to picturesque green spaces such as Bedfords Park and Lawns Park. Local amenities including shops and restaurants are easily accessible, while quick transport links via the Elizabeth Line at Romford Station ensure straightforward connectivity to Central London. This property’s unique characteristics and substantial potential warrant your attention.

Investment Analysis

(RM5 area)

Above Market Value

This property is priced +3.0% above area average per sq ft

+3.0%
This Property
£456/sq ft
Area Average
£443/sq ft
Avg Rent (weekly)
£415
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£587,660
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (RM5)

Area prices are rising by +4.5% over the last 12 months
3 year growth: 4.5%
5 year growth: 22.8%
Investment Disclaimer: Analysis based on RM5 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

Ascension Road, Romford, RM5
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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
£2,015
Based on a loan of £412,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE