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Esk Way, Romford RM1 - Image 1
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Esk Way, Romford RM1

London

£450,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1097 sqft

Description

This three-bedroom semi-detached house presents a promising opportunity for those looking to undertake a refurbishment project. Located near Rise Park Primary School, the property is offered chain-free and features ample scope for creative renovations. With the possibility for rear and loft extensions (subject to planning permission), you have the chance to significantly enhance its value. Upon entering, you'll find a spacious hallway with an under stairs storage cupboard leading into a generous kitchen equipped with potential for additional cabinetry and appliances. The open-plan layout of the living room and dining area allows for flexible use, accommodating large furniture pieces comfortably. At the rear, there is an extended sitting room that provides views of the well-kept garden. Buyers may consider removing the wall between the kitchen and dining area, which could create an expansive kitchen/breakfast room, while also providing options for incorporating double doors into the living space. Each bedroom is generously sized; the two largest can fit King Size beds and offer ample wardrobe space. Bedroom three is a versatile option suitable for children's needs or as a home office setup. A spacious shower room is currently in place, but there’s potential to convert it back to a full bathroom if desired. The well-maintained back garden has a patio ideal for outdoor entertaining, alongside a neatly manicured lawn and mature flower borders. There’s also a garage on-site that serves as excellent storage or parking for small vehicles, plus off-street parking available at the front. Overall, this property requires full modernization but offers substantial investment potential in a sought-after London area.

Investment Analysis

(RM1 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£410/sq ft
Area Average
£463/sq ft
Avg Rent (weekly)
£368
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £75,000
Target Value
£559,245
10% above area average per sq ft
Potential ROI
+6.5%
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
14%
Properties sold annually

Local Market Trend (RM1)

Area prices are rising by +7.9% over the last 12 months
3 year growth: 7.1%
5 year growth: 8.8%
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

Esk Way, Romford RM1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE