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Wood Lane, Dagenham, RM8

London

£550,000
Listed on 01/05/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1506 sqft

Description

This original four-bedroom semi-detached home presents a valuable opportunity for renovation and potential expansion (subject to planning permission). The property features two spacious reception rooms, ideal for family living or entertaining, alongside a conservatory that adds extra light and space. With a functional kitchen equipped with essential appliances and ample storage, there’s plenty of room for modern updates. The ground floor also includes a WC that could be reconfigured for improved functionality. Upstairs, the four bedrooms are well-sized and can easily accommodate various families’ needs. The existing bathrooms offer the chance for modernization or redesign to match contemporary standards. Set in a North-East facing garden, this property has great investment potential and is offered chain-free, making it an attractive prospect for buyers looking to create their dream home.

Investment Analysis

(RM8 area)

Below Market Value

This property is priced -18.8% below area average per sq ft

-18.8%
Potential saving
This Property
£365/sq ft
Area Average
£450/sq ft
Avg Rent (weekly)
£425
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£745,470
10% above area average per sq ft
Potential ROI
+24.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM8)

Area prices are rising by +4.9% over the last 12 months
3 year growth: +3.9%
5 year growth: +20.1%
Investment Disclaimer: Analysis based on RM8 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

Wood Lane, Dagenham, RM8
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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
£1,962
Based on a loan of £412,500 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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