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Palm Road, ROMFORD, Essex, RM7

London

£450,000

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
894 sqft

Description

This three-bedroom semi-detached property presents a promising chance for renovation and investment, being offered with no onward chain. The interior features an open-plan dining and living area, alongside a separate galley-style kitchen that could benefit from modern updates. On the first floor, there are two spacious double bedrooms and a single bedroom, complemented by a family bathroom in need of redecoration or refurbishment. Outside, the property includes both front and back gardens along with a detached garage situated at the rear. Located conveniently near Mawney Road, it provides easy access to the A12 and Romford town centre through various transport options including bus routes and walking distance to Romford Station on the Elizabeth Line. This property holds great potential for those looking to create their ideal home or capitalize on rental opportunities.

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Investment analysis

(RM7 area)

Above Market Value

This property is priced +13.0% above area average per sq ft

+13.0%
This Property
£503/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£418
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£437,957
10% above area average per sq ft
Potential ROI
-10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RM7)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +17.4%
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

Palm Road, ROMFORD, Essex, RM7
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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
£1,700
Based on a loan of £337,500 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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