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Heather Way, Rise Park, RM1

London

£550,000
Listed on 05/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1180 sqft

Description

This three-bedroom property offers a solid foundation for those looking to invest or renovate in a desirable London location. The home includes planning permission for a double storey side extension, providing an opportunity to significantly increase living space. The spacious rear garden is well-maintained at 68 feet, complemented by a versatile 22-foot outbuilding that could serve various purposes, from a home office to additional storage. Inside, the layout features two reception rooms and a functional kitchen equipped with granite work surfaces and modern appliances. While the property is currently in good condition with essential amenities such as a ground floor shower room and separate utility area, there are opportunities for cosmetic updates throughout, making it ideal for buyers eager to personalize their new home. Additionally, off-street parking for three vehicles adds convenience to this appealing offering.

Investment Analysis

(RM1 area)

Above Market Value

This property is priced +1.4% above area average per sq ft

+1.4%
This Property
£466/sq ft
Area Average
£460/sq ft
Avg Rent (weekly)
£376
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£596,691
10% above area average per sq ft
Potential ROI
-0.6%
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
14%
Properties sold annually

Local Market Trend (RM1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +3.4%
5 year growth: +12.0%
Investment Disclaimer: Analysis based on RM1 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

Heather Way, Rise Park, RM1
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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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