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Lake Rise, Romford, Essex

London

£625,000

Listed on 03/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow

Description

Nestled in a desirable street in Gidea Park, this expansive detached bungalow presents a unique opportunity for those looking to customize their home. Overlooking the picturesque Raphael Park, residents can enjoy tranquil views while benefiting from convenient access to local amenities and transportation options. The layout includes ample living space with the potential to convert an existing room into a third bedroom, pending minor renovations. This property is brimming with possibilities for enhancement, making it an excellent prospect for renovation enthusiasts and investors alike.

Investment Analysis

(RM1 area)
Area Average
£459/sq ft
Avg Rent (weekly)
£378
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM1)

Area prices are rising by +7.3% over the last 12 months
3 year growth: +10.2%
5 year growth: +19.7%
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

Lake Rise, Romford, Essex
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,361
Based on a loan of £468,750 over 30 years at 4.45% 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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