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Greenway, Romford RM3 - Image 1
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Greenway, Romford RM3

London

£300,000
Listed on 16/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
639 sqft

Description

This two-bedroom bungalow offers a promising opportunity for cash buyers looking to invest in a property with significant renovation potential. Located in the desirable area of Harold Wood, just moments from the main line station, this freehold property is currently in need of updates throughout, making it an ideal project for those keen to add value. The spacious layout includes two comfortably sized bedrooms, a central living area, and a kitchen and bathroom that await modernisation. The large rear garden provides ample outdoor space, further enhancing the property's appeal. With no onward chain, this bungalow is ready for immediate take-over, allowing for swift renovations to transform it into a charming home or a lucrative rental investment.

Investment Analysis

(RM3 area)

Above Market Value

This property is priced +5.3% above area average per sq ft

+5.3%
This Property
£469/sq ft
Area Average
£446/sq ft
Avg Rent (weekly)
£462
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£313,247
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
30
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (RM3)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 4.6%
5 year growth: 20.0%
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

Greenway, Romford RM3
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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
£1,099
Based on a loan of £225,000 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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