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Mason Drive, Romford, RM3

London

£475,000
Listed on 29/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
922 sqft

Description

This three-bedroom semi-detached house presents a unique opportunity for both homebuyers and investors, particularly those looking to capitalize on its renovation potential. Located on a generous corner plot, the property features a well-maintained private rear garden, along with off-street parking and a detached garage. The accommodation includes an inviting entrance hall leading to a spacious reception room and a large fitted kitchen/dining area that opens directly to the garden. The upper floor houses three bedrooms and a family bathroom, allowing for comfortable living as is. However, the true investment value lies in its scope for expansion; there is potential for future extensions or even a loft conversion (subject to planning permission) which could significantly enhance the property's value. Conveniently positioned near bus routes and within walking distance of Harold Wood Elizabeth Line Station, this home offers easy access to local amenities such as shops, schools, and parks, making it an excellent choice for families or buy-to-let opportunities.

Investment Analysis

(RM3 area)

Above Market Value

This property is priced +15.4% above area average per sq ft

+15.4%
This Property
£515/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£426
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£452,840
10% above area average per sq ft
Potential ROI
-12.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM3)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +2.2%
5 year growth: +11.4%
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

Mason Drive, Romford, RM3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,695
Based on a loan of £356,250 over 30 years at 3.97% 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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