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The Drive, Romford, RM3

London

£575,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This three-bedroom semi-detached property, located in the desirable area of Harold Wood, presents a valuable opportunity for both first-time buyers and investors looking to maximize potential. The light-filled open-plan living area offers a functional layout, perfect for reconfiguration or minor updates that can enhance its appeal. The large windows not only flood the space with natural light but also provide picturesque views of the south-facing garden, which could benefit from landscaping improvements to elevate outdoor usability and aesthetics. Upstairs, there are two spacious double bedrooms equipped with built-in wardrobes, alongside a versatile single bedroom that could easily serve as an office or guest space. While the modern four-piece bathroom is well-appointed as it stands, future renovations could introduce more contemporary finishes and fixtures to increase value. The property also boasts off-street parking for multiple vehicles and a garage, with ample scope for potential extensions or modifications (subject to planning permission), catering to growing family needs or increasing rental yield. Situated within walking distance of Harold Wood Elizabeth line station, easy transport links into central London are a significant advantage. Local amenities including schools, shopping centres, parks, and recreational facilities enhance its attractiveness for families and commuters alike.

Investment Analysis

(RM3 area)
Area Average
£447/sq ft
Avg Rent (weekly)
£426
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM3)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +2.2%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on RM3 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

The Drive, Romford, RM3
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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
£2,051
Based on a loan of £431,250 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.

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