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Chadwell Avenue, RM6

London

£490,000

Listed on 11/05/2026

Property details

Bedrooms
3
Type
Terraced
Area
861 sqft

Description

This three-bedroom family residence presents a promising opportunity for both first-time buyers and investors in a sought-after area. Offered freehold and with no onward chain, the property is in good condition yet boasts significant potential for enhancement and expansion, pending necessary planning permissions (STPP). The layout includes a spacious through lounge that facilitates versatile living arrangements and a modern galley kitchen with direct access to the rear garden. The upstairs accommodation features three well-sized bedrooms alongside a contemporary family bathroom, while double glazing and a combination boiler ensure comfort and energy efficiency. The private rear garden not only enhances outdoor enjoyment with its decking and treehouse but also serves as an ideal foundation for future development projects like loft conversions or extensions, allowing for further value addition. Located within the London Borough of Redbridge, this home benefits from proximity to reputable schools, local amenities, parks, and robust transport links—making it attractive for commuters. With Goodmayes Station just a short walk away, access to the Elizabeth Line is convenient. Additionally, the estimated rental income of approximately £2,200 per month positions this property as an appealing buy-to-let opportunity in a consistently desirable market. Viewing is encouraged to fully grasp the potential this family home offers.

Investment analysis

(RM6 area)

Above Market Value

This property is priced +25.6% above area average per sq ft

+25.6%
This Property
£569/sq ft
Area Average
£453/sq ft
Avg Rent (weekly)
£450
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£428,989
10% above area average per sq ft
Potential ROI
-20.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RM6)

Area prices are rising by +5.8% over the last 12 months
3 year growth: +2.5%
5 year growth: +12.6%
Investment Disclaimer: Analysis based on RM6 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

Chadwell Avenue, RM6
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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
£1,851
Based on a loan of £367,500 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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