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Wilsman Road, South Ockendon, RM15

London

£550,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1390 sqft

Description

This three/four bedroom chalet bungalow is situated in a sought-after area of South Ockendon, presenting an excellent opportunity for renovation and personalization. The property features a charming exterior that sets the stage for potential enhancements. While it has been well-maintained, there are opportunities to modernize and optimize the living spaces according to individual needs. The adaptable layout allows for various configurations, ideal for families or professionals seeking extra room for home offices or guest accommodations. Notably, the garage offers substantial potential for conversion or expansion, subject to planning permission. The south-facing garden not only promises ample sunlight but can also serve as a canvas for outdoor improvements. Conveniently located near local amenities and transport links, this property combines immediate comfort with exciting possibilities for future development.

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Investment analysis

(RM15 area)

Below Market Value

This property is priced -3.1% below area average per sq ft

-3.1%
Potential saving
This Property
£396/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£331
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£624,367
10% above area average per sq ft
Potential ROI
+5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM15)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +5.1%
5 year growth: +17.0%
Investment Disclaimer: Analysis based on RM15 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

Wilsman Road, South Ockendon, RM15
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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
£2,078
Based on a loan of £412,500 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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