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Havering Road, Romford, RM1

London

£390,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
996 sqft

Description

This three-bedroom family residence presents a valuable opportunity for transformation and growth. The property features a spacious through lounge and a galley kitchen, leading to an expansive 200ft rear garden that offers ample space for potential landscaping or extensions. Upstairs, you'll find three well-proportioned bedrooms alongside a family bathroom and separate W.C., providing a functional layout suitable for modern living. The front garden holds promise for the addition of off-street parking, aligning with enhancements made by neighboring properties. Located conveniently close to local amenities in Rise Park and Collier Row, as well as excellent transport links—including just a short bus ride to Romford train station—this home is ideal for commuters heading into Central London. With its investment potential and scope for improvements, this property invites creative renovation ideas to maximize its value.

Investment Analysis

(RM1 area)

Below Market Value

This property is priced -14.8% below area average per sq ft

-14.8%
Potential saving
This Property
£392/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
£503,647
10% above area average per sq ft
Potential ROI
+14.5%
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

Havering Road, 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
£1,391
Based on a loan of £292,500 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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