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Lake Rise, Romford, Essex RM1

London

£625,000

Listed on 12/06/2026

Property details

Bedrooms
2
Type
Detached Bungalow

Description

Nestled in one of Gidea Park's most coveted avenues, this spacious detached bungalow presents a promising opportunity for those looking to personalize their ideal living environment. The property overlooks the scenic Raphael Park, providing serene views and a tranquil atmosphere, all while being conveniently close to local amenities and transport facilities. Featuring ample living space and the potential to modify an existing room into a third bedroom, this home offers versatility and significant scope for enhancement. With its desirable location and inherent renovation potential, this property is worthy of consideration for buyers eager to invest in their future living space.

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Investment analysis

(RM1 area)
Area Average
£453/sq ft
Avg Rent (weekly)
£367
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM1)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +8.8%
5 year growth: +19.6%
Investment Disclaimer: Analysis based on RM1 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

Lake Rise, Romford, Essex RM1
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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
£2,361
Based on a loan of £468,750 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

Next Steps

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