3 Bed Terraced House, Single Let, Hornchurch, RM12 4EY, £450,000

Upper Rainham Road, Hornchurch, RM12 4EY - 2 views - 8 months ago

Sold STC
BTL
ROI: 1%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£250K - £540K
Sold Prices/m²£3.2K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£462,165
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Rent Range

£1,850 - £2,500

Rent Estimate

£1,878

Running Costs/mo

£1,802

Cashflow/mo

£76

Cashflow/yr

£914

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £540K, average is £416.3K. £3.2K/m² to £6.9K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£440K08/210.04 mi36, Acacia Avenue, Hornchurch, Greater London RM12 4EN3
£388K03/210.04 mi78, Acacia Avenue, Hornchurch, Greater London RM12 4EN3
£370K04/210.06 mi39, Acacia Avenue, Hornchurch, Greater London RM12 4EW3
£410K04/210.09 mi76, Acacia Avenue, Hornchurch, Greater London RM12 4EN3
£455K12/220.1 mi257, Upper Rainham Road, Hornchurch, Greater London RM12 4EY3
£426K12/200.12 mi4, Chestnut Glen, Hornchurch, Greater London RM12 4HL3
£405K04/210.13 mi137, Laburnum Avenue, Hornchurch, Greater London RM12 4EX3
£430K08/230.13 mi42, Chestnut Avenue, Hornchurch, Greater London RM12 4HN3
£250K06/210.13 mi8, Chestnut Avenue, Hornchurch, Greater London RM12 4HW3
£468K09/230.13 mi22, Chestnut Avenue, Hornchurch, Greater London RM12 4HN3
£460K10/230.13 mi86, Bancroft Chase, Hornchurch, Greater London RM12 4DR3
£400K01/210.15 mi50, Chestnut Avenue, Hornchurch, Greater London RM12 4HJ3
£420K06/210.17 mi76, Laburnum Avenue, Hornchurch, Greater London RM12 4HA3
£400K05/230.17 mi20, Laburnum Avenue, Hornchurch, Greater London RM12 4HA3
£465K10/230.17 mi112, Laburnum Avenue, Hornchurch, Greater London RM12 4HA3
£460K06/210.17 mi102, Laburnum Avenue, Hornchurch, Greater London RM12 4HA3
£445K10/230.17 mi24, Milton Avenue, Hornchurch, Greater London RM12 4BW3
£409.4K04/230.17 mi18, Milton Avenue, Hornchurch, Greater London RM12 4BW3
£384.4K11/200.17 mi131, Laburnum Avenue, Hornchurch, Greater London RM12 4HF3
£355K03/210.17 mi125, Laburnum Avenue, Hornchurch, Greater London RM12 4HF3
£500K01/240.18 mi76a, Chestnut Avenue, Hornchurch, Greater London RM12 4HJ3
£427K06/210.19 mi58, Milton Avenue, Hornchurch, Greater London RM12 4BW3
£347K08/230.19 mi37, Laburnum Avenue, Hornchurch, Greater London RM12 4HE3
£400K08/210.2 mi119, Upper Rainham Road, Hornchurch, Greater London RM12 4EF3
£330K11/200.2 mi107, Upper Rainham Road, Hornchurch, Greater London RM12 4EF3
£425K07/230.2 mi117, Upper Rainham Road, Hornchurch, Greater London RM12 4EF3
£400K12/200.2 mi9, Laburnum Avenue, Hornchurch, Greater London RM12 4HE3
£525K12/200.23 mi128, Saunton Road, Hornchurch, Greater London RM12 4HB3
£540K10/230.23 mi86, Saunton Road, Hornchurch, Greater London RM12 4HB3
£450K07/230.24 mi29, Tennyson Way, Hornchurch, Greater London RM12 4BU3
£415K09/230.24 mi3, Tennyson Way, Hornchurch, Greater London RM12 4BU3
£492K12/220.24 mi35, Gordon Avenue, Hornchurch, Greater London RM12 4EA3
£495K06/210.25 mi123, Saunton Road, Hornchurch, Greater London RM12 4HQ3
£410K12/200.25 mi29, Gordon Avenue, Hornchurch, Greater London RM12 4EA3
£465K07/240.28 mi25, Shelley Avenue, Hornchurch, Greater London RM12 4BT3
£405K05/240.28 mi28, Shelley Avenue, Hornchurch, Greater London RM12 4BT3
£422K03/210.29 mi118, Grenfell Avenue, Hornchurch, Greater London RM12 4DS3
£413.5K12/200.29 mi101, Grenfell Avenue, Hornchurch, Greater London RM12 4DS3
£460K06/210.29 mi98, Grenfell Avenue, Hornchurch, Greater London RM12 4DS3
£465K11/230.29 mi103, Grenfell Avenue, Hornchurch, Greater London RM12 4DS3
£412K10/200.32 mi106, Eastbrook Drive, Rush Green, Romford, Greater London RM7 0YU3
£310K02/210.32 mi156, Eastbrook Drive, Rush Green, Romford, Greater London RM7 0YU3
£405K02/230.32 mi50, Great Cullings, Rush Green, Romford, Greater London RM7 0YL3
£365K05/210.32 mi72, Great Cullings, Rush Green, Romford, Greater London RM7 0YL3
£400K06/230.32 mi80, Great Cullings, Rush Green, Romford, Greater London RM7 0YL3
£517.5K08/230.33 mi15, Wren Gardens, Hornchurch, Greater London RM12 4DT3
£480K06/210.33 mi9, Wren Gardens, Hornchurch, Greater London RM12 4DT3
£417.5K08/230.34 mi32, Strathmore Gardens, Hornchurch, Greater London RM12 4BQ3
£369K03/210.34 mi95, Great Cullings, Rush Green, Romford, Greater London RM7 0YP3
£321K11/200.34 mi101, Great Cullings, Rush Green, Romford, Greater London RM7 0YP3

Local Rents

16 rents from £1.9K/mo to £2.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,40003/250.07 mi-3
£2,40012/240.17 mi-3
£2,30004/250.35 mi-3
£2,30003/250.37 mi-3
£2,20004/250.37 mi-3
£2,50012/240.42 mi-3
£1,85008/240.43 miEastbrook Drive, Romford3
£2,30003/250.47 mi-3
£1,86008/240.48 miApollo Close, Hornchurch, RM123
£2,10012/240.52 mi-3
£2,40007/240.57 mi-3
£2,25008/240.59 miElm Park Avenue, Hornchurch, Essex, Hornchurch, Essex, RM123
£2,10007/240.59 mi-3
£2,10007/240.59 mi-3
£2,00008/240.59 miElm Park3
£2,50008/240.6 miPapermill House, 363 South Street, Romford, RM13

Local Area Statistics

Population in RM12

34,603

Population in Hornchurch

65,974

Town centre distance

1.14 miles away

Nearest school

0.30 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £450,000

August 15, 2024

Sold for £350,000

2018

Floor Plans

Description

  • Three Bedroom Terraced Home +
  • Spacious Living Room +
  • Spacious Kitchen +
  • Good size bedrooms +
  • Private Garden +
  • Driveway For Two Cars +
  • Close To Local Bus Stops +
  • Close to Local Pubs, Restaurants and Shops +
  • Close To Excellent Schools +
  • Close To Hornchurch Town Centre +

*Guide Price - £450,000 - £475,000* Lux Homes are honoured to bring to the market this mid terraced family home, with three bedrooms, large reception, and open kitchen/dining room.

This beautiful property is located on Upper Rainham Road being just a stones throw away from Hornchurch Town Centre.

As we enter the property, we are greeted with a spacious hallway which leads to the first reception room. This room offers an ample amount of space, ideal for relaxation and movie nights with the family. Continuing, we are greeted with the well-appointed kitchen/dining room which offers a classic wood design. The kitchen design is uniquely styled including turquoise walls and matching flooring, finished with classic oak kitchen units. The kitchen has an abundance of storage with built in appliances to finish, plus french patio doors leading out to the garden area, thus in turn creating a fantastic ambience for entertaining.

Taking the stairs to the first floor, we enter a generous landing which leads us to three well-appointed bedrooms and a three-piece family bathroom to compliment.

Externally the property offers a large private rear garden, with garage, which is the perfect setting for entertaining friends and family and spending time with them outside on those warm summer's evenings. At the front of the property, we have a private driveway for two cars.

Location is always important, and this property does not falter, with just a 5-minute drive to Romford Train Station offering great commuting links via the Elizabeth Line. Hornchurch High School which is rated 'outstanding' by Ofsted is within catchment area of this home, providing the best possible education for the little ones of the family.

Call Lux Homes today to book a viewing!!!

Tenure: Freehold

Agent Details

Lux Homes, London & Essex

01708 983444

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪