2-bedroom bungalow · RM1 4TP
Listing removedListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain Free, Detached Bungalow On A Substantial Plot With Huge Potential To Extend And Transform.
What makes this detached bungalow so interesting is not simply what is here today, but what a buyer with vision could create.
Sitting on a substantial plot with a garden of around 100 feet, its existing footprint, own driveway and garage provide the foundations for a far more ambitious home.
Modernisation is required, but for someone prepared to invest in the property, the potential to remodel, extend and potentially build upwards could transform it into an impressive forever family home.
The bungalow currently offers two bedrooms, with the main bedroom positioned at the front and benefitting from built in wardrobes.
The second bedroom is currently a single room, although a buyer undertaking a wider refurbishment may choose to rethink the layout completely. There is also a shower room with a three piece suite.
Across the hallway is a long and bright living room with plenty of space for sofas, leading through to a separate dining room.
The kitchen is a good size and functional as it stands, although most buyers taking on a project of this scale are likely to redesign it into a more contemporary kitchen and breakfast space.
To the rear, the bungalow has already been extended to create a conservatory and an additional snug/sun room, adding further living space and providing direct access to the garden.
The rear garden extends to around 100 feet and is one of the property's biggest attractions.
Together with the wide existing footprint, own driveway and separate garage, it gives a future owner a great deal to work with. This is where the real appeal lies.
A buyer with vision could remodel the existing bungalow, extend further to the rear and potentially consider adding a first floor, subject to the relevant planning, building regulations and structural advice.
Done well, the end result could be a striking contemporary home with more bedrooms, bathrooms and living space, creating a genuine forever family home.
The location also works particularly well for families, with Rise Park schools, Parklands Primary School and Lawns Park all nearby, while Romford town centre and Elizabeth line station are also within easy reach.
This is not a home for someone looking for everything finished from day one.
It is for a buyer who can see beyond the current decor, recognise the strength of the plot and invest in creating something far more ambitious.
**Important information:** The sellers have informed us that spray foam insulation has been installed within the loft.
This may affect the availability of mortgage finance with some lenders, so buyers requiring a mortgage should discuss this with their mortgage adviser or proposed lender before committing to the purchase.
Near to: Lawns Park - 0.1 miles Parklands Primary School - 0.5 miles - Rise Park Junior School - 0.5 miles - Marshalls Park Academy - 0.8 mile - Romford Rail Station - Elizabeth Line - 1.6 miles Hainault Underground Station - Central Line - 4.2 miles
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 47 Mashiters Hill, Romford, Greater London
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