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Neave Crescent, Romford RM3 - Image 1
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Neave Crescent, Romford RM3

London

£375,000
Listed on 14/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
868 sqft

Description

This two-bedroom terraced house presents a promising opportunity for those looking to invest in a property with great potential. Though well-maintained over the years, it's now ready for a new owner to breathe fresh life into it. Perfectly suited for first-time buyers or small families, this home offers ample space to create a personalized living environment. The layout features a front-facing kitchen equipped with sufficient storage and workspace, accommodating standard kitchen appliances. At the rear, the living room provides a bright, inviting area that overlooks the garden – ideal for both relaxation and entertaining guests. With enough space for a dining table, this room can easily serve as a combined lounge and dining area. On the upper floor, both double bedrooms are generous in size, comfortably fitting double beds along with wardrobes. The existing bathroom and separate WC could be redesigned into one spacious family bathroom if desired. Additionally, there’s potential to reconfigure the back bedroom into two smaller rooms for added flexibility. The exterior includes a manageable garden featuring a small lawn and patio space, complemented by rear access that leads to off-street parking suitable for two vehicles – a significant advantage in this locale where parking can be limited. While some updates are needed throughout the property, its solid framework allows buyers to introduce their own style and improvements. Conveniently located near several schools and just over a mile from Harold Wood Station on the Elizabeth Line, making commuting straightforward and efficient. Being sold chain-free enhances its appeal as an excellent choice for anyone eager to shape their future home.

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)
£447
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£424,981
10% above area average per sq ft
Potential ROI
+6.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (RM3)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +3.1%
5 year growth: +15.9%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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