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Laurel Crescent, Romford

London

£475,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
904 sqft

Description

This three-bedroom property offers a solid foundation for those looking to invest in a home with considerable renovation potential. The dual reception rooms feature original coving and picture rails, providing character that can be enhanced with modern updates. The kitchen, although functional, may benefit from a contemporary redesign to maximize space and utility. Upstairs, the three bedrooms provide ample space for families, each benefiting from natural light through double-glazed windows. The bathroom is basic and could be updated to improve both aesthetics and efficiency. Outside, the generous 85ft south-easterly facing garden presents opportunities for landscaping or extension (subject to planning permission), while the driveway accommodates two vehicles conveniently. Located approximately 30 minutes on foot from Romford Station, this property also has the added advantage of rear access via a service road, which opens up additional possibilities for development. Overall, this residence stands as a promising project for buyers eager to create their ideal living space.

Investment Analysis

(RM7 area)

Above Market Value

This property is priced +17.3% above area average per sq ft

+17.3%
This Property
£525/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£408
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£445,292
10% above area average per sq ft
Potential ROI
-15.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RM7)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +4.4%
5 year growth: +20.7%
Investment Disclaimer: Analysis based on RM7 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

Laurel Crescent, Romford
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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
£1,695
Based on a loan of £356,250 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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