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

London

£600,000
Listed on 25/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1642 sqft

Description

This substantial detached property on Neave Crescent presents a valuable opportunity for investors or families looking to tailor a spacious home to their needs. Spanning four levels, the current layout includes a fully habitable basement that functions as an independent living area, complete with its own lounge, dining room, double bedroom, and shower room. This feature not only adds significant value but offers flexibility for multigenerational living or as an entertaining space. The ground floor greets you with a bright hallway leading to a generous living room and an inviting kitchen/dining area, ideal for family gatherings. There is also a practical utility room and guest WC enhancing convenience. On the first floor are two sizeable double bedrooms alongside a comfortable single bedroom and a well-proportioned family bathroom. The loft conversion adds a fifth bedroom, maximizing space across the property. Outside, you'll find an impressive driveway accommodating multiple vehicles and expansive side garden space ripe for development—ideal for anyone considering future extensions (subject to planning permission). Nestled in this quiet crescent yet conveniently located near key road links such as the A12, A127, and M25 makes it an appealing choice for those needing accessibility without compromising on comfort.

Investment Analysis

(RM3 area)

Below Market Value

This property is priced -17.9% below area average per sq ft

-17.9%
Potential saving
This Property
£365/sq ft
Area Average
£445/sq ft
Avg Rent (weekly)
£447
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£803,940
10% above area average per sq ft
Potential ROI
+16.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,164
Based on a loan of £450,000 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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