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Holden Close, Dagenham RM8

London

£290,000
Listed on 10/09/2025

Property Details

Bedrooms
1
Type
Terraced house

Description

This 1-bedroom home presents a unique renovation opportunity within a well-connected and family-friendly area. The spacious reception area offers flexibility in design, while the fitted kitchen is functional and ready for updates that could enhance both its appeal and utility. Additionally, the private garden at the rear provides valuable outdoor space with potential for expansion or landscaping projects. Currently occupied by tenants, this property presents an attractive option for investors looking to capitalize on a strong rental market. The existing layout can be reimagined; with proper planning (subject to permission), there is significant potential to create additional bedrooms or a larger living space that would likely increase rental income. Located near Goodmayes Station and Chadwell Heath Station, commuting options are plentiful, making this home a practical choice for renters seeking easy access to central London. Families will appreciate being just moments away from Becontree Primary School, adding further appeal for long-term tenants. Proximity to Goodmayes Park also offers recreational opportunities for outdoor activities. With local shops, restaurants, and essential services all within walking distance, this property benefits from convenience without sacrificing comfort. This combination of location advantages and renovation potential makes it a compelling investment prospect in an evolving neighborhood.

Investment Analysis

(RM8 area)
Area Average
£444/sq ft
Avg Rent (weekly)
£477
Avg Yield
6.6%

Renovation Potential

Est. Renovation Cost
£29,000 - £72,500
10-25% of property value
Monthly Sales
20
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (RM8)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 4.3%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on RM8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Holden Close, Dagenham RM8
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