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Romford Property Investment Guide: East London's Best-Value Market

17 March 2023·5 min read

Romford combines excellent London connectivity, affordable property prices and strong rental demand. Here's the investment case for this east London favourite.

Romford sits at an interesting junction in the London property market — administratively part of the London Borough of Havering, offering a mix of east London accessibility and Essex-adjacent affordability. For landlords and investors, it represents one of the best-value commuter markets within reach of central London.

The connectivity advantage

Romford is served by Greater Anglia services to Liverpool Street (around 25 minutes) and c2c services to Fenchurch Street. The Elizabeth line extension to Shenfield also stops at Harold Wood, just north of Romford, significantly enhancing the area's connectivity. These multiple lines provide resilience and reduce the journey time to London to levels competitive with many inner London locations.

Rental market fundamentals

Property prices in Romford remain very accessible — two-bedroom flats are available from £220,000-£280,000, while three-bedroom houses range from £320,000-£400,000 in most parts of town. Rents for two-bedroom properties typically achieve £1,300-£1,600 per month, producing gross yields of 4.5-6.5% depending on property type and location.

Tenant profile

Romford attracts diverse tenants including London commuters, local professionals, NHS and council workers, and young families seeking larger spaces than inner east London provides at their budget. Queens Hospital creates steady demand from healthcare workers.

Market outlook

Romford benefits from continued demand spillover from inner east London, where rents and property prices have grown substantially. As renters are pushed further out, Romford becomes increasingly attractive without the connectivity compromises of more distant commuter towns.

We manage properties across Romford and the wider Havering and Redbridge area. Contact us on 01268 944120 for a free consultation.

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