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Heath Drive, Romford, RM2

London

£800,000

Listed on 07/07/2026

Property details

Bedrooms
4
Type
House
Area
3106 sqft

Description

This substantial detached family home is situated within the highly regarded Exhibition Estate, offering an exceptional opportunity for those looking to create their ideal living space. Spanning over 3,100 sq. ft. on a generous plot, the property boasts an adaptable layout that is ready for modernization and personal enhancement, subject to necessary approvals. The ground floor features a spacious bay-fronted reception room, a separate dining area with views of the garden, and a well-sized kitchen alongside four large bedrooms that cater to families or remote work needs. The extensive loft area on the first floor presents significant potential for expansion into luxurious suites or additional living areas. Outside, mature gardens surround the property, providing privacy and ample space for entertaining or family activities. Notably, the impressive 43-foot garage not only offers secure vehicle parking but also opens doors for conversion possibilities with appropriate permissions. This home in one of Gidea Park's most desirable locations offers tremendous potential for renovation and customization, appealing to both families and investors alike.

Investment analysis

(RM2 area)

Below Market Value

This property is priced -46.8% below area average per sq ft

-46.8%
Potential saving
This Property
£258/sq ft
Area Average
£484/sq ft
Avg Rent (weekly)
£411
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,654,147
10% above area average per sq ft
Potential ROI
+74.1%
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 (RM2)

Area prices are stable by -1.6% over the last 12 months
3 year growth: +12.1%
5 year growth: +12.6%
Investment Disclaimer: Analysis based on RM2 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

Heath Drive, Romford, RM2
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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
£3,022
Based on a loan of £600,000 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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