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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 blank canvas for those looking to invest in a property with significant potential. Chain-free, the layout includes two reception rooms and two bathrooms, providing ample space for family living. The entrance hall leads to a conservatory through triple-glazed doors, while the kitchen is equipped with a range of base and eye-level units, though it could benefit from modernisation. The ground floor features a convenient WC and further offers scope for expansion subject to planning permission. Each of the four bedrooms is well-sized with good natural light, ideal for reconfiguration or refurbishment according to individual taste. The north-east facing garden brings additional outdoor potential. This property’s layout and features offer an excellent opportunity for renovation and subsequent enhancement of value.

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Investment analysis

(RM8 area)

Below Market Value

This property is priced -18.6% below area average per sq ft

-18.6%
Potential saving
This Property
£365/sq ft
Area Average
£449/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£743,482
10% above area average per sq ft
Potential ROI
+18.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM8)

Area prices are rising by +5.0% over the last 12 months
3 year growth: +3.4%
5 year growth: +19.6%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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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