Will the Romford Mosque increase property prices?

How Romford’s New Mosque Will Boost Property Values & Landlord Opportunities

A Game-Changer for Romford’s Property Market

The planned construction of a new mosque by the Havering Islamic Cultural Centre (HICC) in Romford marks a major milestone for the local community and the property market. Set to accommodate over 1,000 worshippers, this eco-friendly religious and cultural hub will feature modern prayer halls, educational spaces, and community facilities.

More than just a place of worship, this mosque is set to reshape Romford’s property landscape. The influx of Muslim families from East London seeking homes closer to the mosque will drive up demand, impacting property prices, rental yields, and investment potential.

Key Property Market Impacts:

• Increased buyer competition in Romford and Essex
• Rising property values due to heightened demand
• Growth in the rental market with a steady influx of tenants
• Stronger investment opportunities for landlords and property owners

For landlords, investors, and homeowners in Romford, this development presents a golden opportunity to maximize property returns.

Logically, this will only be good for sellers and landlords in Romford as property prices will definitely increase due to a central hub being made available for the Muslim community in the hustle and bustle of Romford Town Centre.

This is an amazing time to be a landlord or a seller in Romford.

Why the New Mosque is a Game-Changer

Currently, the HICC faces significant limitations in its existing facility, struggling to accommodate the growing Muslim community. Worshippers frequently pray in shifts due to space shortages, and community services such as food banks and soup kitchens operate under constraints.

The new mosque will address these issues with:

• Expanded prayer halls for 1,000+ worshippers
• A purpose-built food bank with increased storage
• Professional-grade kitchen facilities to support local charities
• Dedicated spaces for education and community programs

These enhancements will transform the mosque into a major community hub, attracting more families to Romford and increasing the area’s desirability for property buyers and tenants.

Prime Location: South Street, Romford

The mosque will be built on South Street, Romford, on the former Brickyard Bar and Smokey’s Shack site—an accessible and central location that enhances its value to the community and the property market.

Location Benefits:

• Strong transport links: Easy access via Romford Station and major roads, Cross Rail location!
• Walking distance to the town centre: Boosting local businesses and property demand, especially with the struggling market day, this could be a well needed win for the town centre and the businesses too.
• Ample parking and eco-friendly design to accommodate the growing community

The transformation of this site from a commercial space to a cultural landmark enhances Romford’s reputation as a modern, inclusive area, further strengthening property market confidence.

How Will This Impact Property Values in Romford & Essex?

Historically, areas with newly developed religious and cultural centres experience a property value increase of 8-12% within the first two years. The demand for housing from relocating families and investors leads to:

• Higher Purchase Prices: Buyers willing to pay above asking price for well-located homes.
• Faster Sales: Properties near cultural centres sell more quickly.
• Increased Rental Demand: More tenants seeking properties in the area.
• Buy-to-Let Investment Growth: Stronger rental yields due to long-term tenant interest.

Recent data shows that homes near mosques and community hubs often outperform the wider market. Essex landlords can expect strong tenant retention and rising rental income, making now an ideal time to invest in properties near Romford’s upcoming mosque.

Landlord & Investor Opportunities in Romford

With an increasing number of Muslim families moving from East London to Romford, landlords and property investors can capitalize on the demand for rental properties.

Best Property Investment Strategies:

• Buy-to-let properties near the mosque – Demand for rental homes will surge, securing long-term tenants.
• HMO (House in Multiple Occupation) conversions – Multi-family rentals will thrive due to high tenant demand.
• Flipping opportunities – Investors can buy properties, renovate them, and sell at a premium as demand rises.

Essex’s property market is evolving, and landlords who adapt to this trend will see significant financial rewards.

Boosting the Local Economy & Business Growth

Beyond property, the new mosque will be an economic catalyst for Romford, benefiting local businesses and service providers.

Positive Economic Impact:

• Increased foot traffic for local shops, cafes, and restaurants.
• Higher demand for professional services (accountants, lawyers, and healthcare providers).
• Expansion of property management businesses due to growing landlord activity.
• Attraction of new Muslim-owned businesses (halal restaurants, grocery stores, and Islamic schools)

As the community flourishes, so will Romford’s property and commercial sectors, reinforcing the area’s economic strength.

Why Sellers Should Act Now

Homeowners considering selling should capitalise on this market shift before property prices rise further. The demand from East London buyers will create a seller’s market, leading to faster sales and potentially higher offers.

This is not rocket science and has happened in many areas previously such as Ilford, Barkingside and many other parts of East London.

Since Keystones opened its doors in Collier Row, Romford nearly 10 years ago, there has been an increasing number of buyers from the Asian community, we see it first hand, the majority of the buyers are Muslim buyers and the demographic is changing as East London becomes less affordable and families move out to areas with more greenery, the money follows the demand and this is one of the main reasons why Romford and areas surrounding has been such a great investment area and why property prices have actually increased slightly amidst rising inflation and rising interest rates in the past few years.

If you’re a homeowner in Romford, now is the perfect time to get your property valued and maximize your sale potential.

If you are a landlord, it is a great time to speak with our team of experts as to a rent review to see if you are achieving the correct rent amount.

Thinking of Selling or Letting Your Property? Get a Free Valuation with Keystones Property

With the Romford property market set to grow, it’s crucial to understand how much your home or investment is worth. Whether you’re selling or letting, Keystones Property can help you achieve the best price in this rising market.

Keystones Property – Free Instant Online Valuation

Don’t miss out on this exciting opportunity—secure your position in Romford’s booming property market today!