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Lake Rise, Romford

London

£1,000,000

Listed on 17/07/2026

Property details

Bedrooms
4
Type
Detached

Description

Nestled in the desirable Lake Rise area, this charming family residence presents a unique opportunity for renovation and future enhancement. The property elegantly merges traditional elements with modern conveniences, creating a welcoming atmosphere ripe for personalization and expansion, pending planning approvals. Upon entering, you are greeted by spacious living areas that cater to family dynamics. The two distinct reception rooms offer flexibility; one room currently serves as a home office and music space, featuring an appealing brick fireplace that could easily transform into additional functional spaces such as a playroom or guest bedroom. At the back of the house, the main living room boasts bi-folding doors that accentuate the garden views and allow natural light to flood the space—ideal for entertaining or lounging during winter with the cozy log burner. The separate kitchen/diner is well-suited for gatherings, while a ground-floor WC ensures convenience. The upstairs layout does not disappoint, featuring three considerable double bedrooms alongside a spacious principal suite and family bathroom—perfect for accommodating families of varying sizes. The rear garden stands out with its thoughtful landscaping and dual areas defined by a picturesque pond feature. It provides ample opportunities for outdoor dining and leisure activities, with enough room remaining should you consider extending in the future. The attached garage and off-street parking enhance the property's practicality. With nearby Raphael Park offering green spaces and recreational facilities, plus excellent access to local schools and Romford's train services providing swift links to central London, this property integrates lifestyle with investment potential seamlessly. Renovation here could magnify both value and enjoyment for years to come.

Investment analysis

(RM1 area)
Area Average
£453/sq ft
Avg Rent (weekly)
£367
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
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
14%
Properties sold annually

Local Market Trend (RM1)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +8.8%
5 year growth: +19.6%
Investment Disclaimer: Analysis based on RM1 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

Lake Rise, Romford
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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
£3,778
Based on a loan of £750,000 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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