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Monkwood Close, Romford, RM1 - Image 1

Monkwood Close, Romford, RM1

London

£180,000
Listed on 06/05/2026

Property Details

Bedrooms
4
Type
Not Specified

Description

This property offers a unique investment opportunity in the sought-after Monkwood Close area of Romford. With approved planning permission in place for the addition of a fourth floor, this site is primed for development into four contemporary apartments. Its proximity to Romford Station enhances its appeal, positioning it as a compelling choice for future homeowners and tenants alike. The potential returns from this development are substantial, responding to the local demand for quality living spaces. This plot stands out as an exceptional prospect in today’s competitive market, making it a valuable consideration for any developer looking to expand their portfolio.

Investment Analysis

(RM1 area)
Area Average
£460/sq ft
Avg Rent (weekly)
£376
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Monkwood Close, Romford, 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
£642
Based on a loan of £135,000 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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