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Neave Crescent, Romford RM3

London

£375,000

Listed on 05/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
868 sqft

Description

This two-bedroom terraced home presents an excellent opportunity for those looking to create a personalized living space. Having been well-maintained over the years, this property is now primed for a refresh and offers a blank canvas for renovation enthusiasts, particularly first-time buyers or small families eager to invest in their future. The ground floor features a functional kitchen equipped with ample storage and workspace, along with a living room that boasts views of the garden, making it perfect for both relaxation and hosting gatherings. The open layout allows flexibility; the living room can easily accommodate a dining area as well. Ascending to the first floor reveals two generously sized double bedrooms alongside a bathroom and separate WC. There is potential here to reconfigure the space—an innovative buyer might consider merging the bathroom and WC into one larger family bathroom or even splitting one of the bedrooms for additional sleeping quarters. Outdoors, the low-maintenance garden provides an inviting small lawn and patio, complemented by rear access leading to off-street parking for two vehicles—a rare feature in this area where many homes offer limited parking options. While some updating is necessary, this property’s robust layout invites creative design possibilities that align with modern living standards. Located conveniently near Lime Academy Ravensbourne (0.2 miles), Hilldene Primary School (0.6 miles), and Harold Wood Station (1.2 miles) on the Elizabeth Line, this chain-free home not only meets residential needs but also embodies investment potential in a sought-after neighborhood.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -2.9% below area average per sq ft

-2.9%
Potential saving
This Property
£432/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£449
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£424,886
10% above area average per sq ft
Potential ROI
+2.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM3)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +2.8%
5 year growth: +13.3%
Investment Disclaimer: Analysis based on RM3 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

Neave Crescent, Romford RM3
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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
£1,417
Based on a loan of £281,250 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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