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Lodge Lane, Romford, RM5

London

£600,000

Listed on 09/06/2026

Property Details

Bedrooms
5
Type
Bungalow
Area
2109 sqft

Description

This property presents a unique opportunity for buyers looking to invest in a spacious family home with considerable renovation potential. Set on an unusually wide plot, the residence features sizable living areas along with an annex that includes its own entrance, garage, and access. This self-contained space is perfectly suited for extended family living, guest accommodations, or could even be adapted to generate additional income (subject to relevant permissions). The generous exterior offers ample parking facilities, catering to larger households or those needing secure vehicle storage. Importantly, the expansive plot holds future development possibilities which may be explored with the appropriate planning consents. This adaptable property combines significant living space and investment prospects in a desirable London location, making it a compelling choice for those keen on customization and expansion opportunities. Early viewing is advised to fully appreciate the scope this property offers.

Investment Analysis

(RM5 area)

Below Market Value

This property is priced -36.4% below area average per sq ft

-36.4%
Potential saving
This Property
£284/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£398
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,037,691
10% above area average per sq ft
Potential ROI
+52.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM5)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -1.8%
5 year growth: +15.2%
Investment Disclaimer: Analysis based on RM5 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

Lodge Lane, Romford, RM5
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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
£2,267
Based on a loan of £450,000 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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