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Spring Gardens, Romford RM7

London

£475,000

Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1000 sqft

Description

This spacious semi-detached bungalow presents a promising opportunity for buyers looking to invest in a property with renovation potential. Nestled in a tranquil residential area, the home is conveniently located near local amenities, including schools, shops, and excellent transport links. The interior space offers good proportions, featuring energy-efficient solar panels and UPVC double glazing. While the fitted kitchen and generous lounge provide immediate comfort, there is potential to update and enhance these areas further. The lounge opens onto a sun-drenched garden that is perfect for entertaining, complemented by a substantial timber outbuilding that could serve as valuable storage or be repurposed entirely. Additionally, the property boasts ample off-street parking suitable for up to seven vehicles. This versatile bungalow combines space and practicality, making it an attractive investment for those willing to undertake some renovations.

Investment Analysis

(RM7 area)

Above Market Value

This property is priced +6.1% above area average per sq ft

+6.1%
This Property
£475/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£408
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£492,580
10% above area average per sq ft
Potential ROI
-4.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RM7)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +4.4%
5 year growth: +20.7%
Investment Disclaimer: Analysis based on RM7 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

Spring Gardens, Romford RM7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,695
Based on a loan of £356,250 over 30 years at 3.97% 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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