4 Bed Semi-Detached House, Planning Permission, Romford, RM5 3EH, £525,000

Kenway, Romford, RM5 3EH - 4 views - 6 months ago

Sold STC
Planning
~129 m²
+17 photos

ValuationUndervalued

Sold Prices£380K - £635K
Sold Prices/m²£3K/m² - £6.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.1K/m²

Value Estimate

£540,750
BMV3%

 

 

End Value (After Refurb)

£613,764

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£68,399

Bridging Loan Interest

£13,781

Total Cash In

£245,880

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£613,764

Mortgage (After Refinance)

£460,323

Mortgage LTV

75%

Cash Released

£66,573

Cash Left In

£179,307

Equity

£153,441

Rent Range

£1,700 - £7,500

Rent Estimate

£2,215

Running Costs/mo

£2,381

Cashflow/mo

£-166

Cashflow/yr

£-1,992

Gross Yield

5%

Local Sold Prices

50 sold prices from £380K to £635K, average is £512.5K. £3K/m² to £6.1K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£490K03/210.06 mi511, Mawney Road, Romford, Greater London RM7 8QA4
£380K11/200.06 mi175, Collier Row Lane, Romford, Greater London RM5 3ED4
£620K03/210.06 mi177, Collier Row Lane, Romford, Greater London RM5 3ED4
£580K11/220.12 mi53, Redriff Road, Romford, Greater London RM7 8HD4
£520K04/230.17 mi117a, Lynton Avenue, Romford, Greater London RM7 8NH4
£428.5K04/210.19 mi427, Mawney Road, Romford, Greater London RM7 8PX4
£422.5K01/210.22 mi31, Wainfleet Avenue, Romford, Greater London RM5 3BX4
£490K01/230.22 mi45, Hillfoot Road, Collier Row, Romford, Greater London RM5 3LR4
£535K03/210.23 mi66, Hillfoot Road, Collier Row, Romford, Greater London RM5 3LL4
£455K03/210.23 mi42, Hillfoot Road, Collier Row, Romford, Greater London RM5 3LL4
£615K02/210.24 mi189, Hainault Road, Romford, Greater London RM5 3AS4
£415K01/210.25 mi24a, Horndon Road, Collier Row, Romford, Greater London RM5 3EP4
£625K09/210.26 mi193, Hainault Road, Romford, Greater London RM5 3AS4
£412K02/210.27 mi28, Hood Walk, Romford, Greater London RM7 8NU4
£507K03/210.3 mi55, Victory Way, Romford, Greater London RM7 8PA4
£515K04/230.3 mi3, Victory Way, Romford, Greater London RM7 8PB4
£510K02/210.31 mi12, Hulse Avenue, Romford, Greater London RM7 8NS4
£535K08/230.31 mi28, Oaks Avenue, Romford, Greater London RM5 3BS4
£500K10/200.33 mi7, Collier Row Lane, Romford, Greater London RM5 3BL4
£400K03/210.33 mi4, Cooks Close, Romford, Greater London RM5 3HS4
£555K08/230.33 mi112, Hainault Road, Romford, Greater London RM5 3AP4
£460K02/230.34 mi5, Mowbrays Road, Romford, Greater London RM5 3ET4
£393K04/210.34 mi14, Mowbrays Road, Romford, Greater London RM5 3ET4
£575K01/230.35 mi3, Rodney Way, Romford, Greater London RM7 8PD4
£628.5K01/230.38 mi59, Mashiters Hill, Romford, Greater London RM1 4TP4
£457K02/230.39 mi83, Havering Road, Romford, Greater London RM1 4RA4
£395K02/210.39 mi28, Rosedale Road, Romford, Greater London RM1 4QS4
£428.5K05/210.4 mi13, Mashiters Hill, Romford, Greater London RM1 4TR4
£630K02/230.4 mi1, Ashmour Gardens, Romford, Greater London RM1 4RH4
£535K11/230.45 mi15, Ashmour Gardens, Romford, Greater London RM1 4RH4
£565K02/240.46 mi1a, Rosedale Road, Romford, Greater London RM1 4QP4
£415K06/210.46 mi219, Havering Road, Romford, Greater London RM1 4TB4
£600K11/230.46 mi26a, Hamilton Avenue, Romford, Greater London RM1 4RP4
£480K06/210.46 mi43, Hamilton Avenue, Romford, Greater London RM1 4RP4
£575K03/210.46 mi32, Hamilton Avenue, Romford, Greater London RM1 4RP4
£550K11/200.48 mi29, Ashmour Gardens, Romford, Greater London RM1 4RH4
£473.5K12/200.49 mi24, Heather Avenue, Romford, Greater London RM1 4SU4
£540K09/220.5 mi20, The Drive, Collier Row, Romford, Greater London RM5 3TR4
£630K07/230.51 mi15, Forest Road, Romford, Greater London RM7 8DU4
£560K03/230.52 mi227, Mawney Road, Romford, Greater London RM7 8DJ4
£515K03/210.53 mi2, Eaton Drive, Romford, Greater London RM5 2ND4
£390K03/210.53 mi33, Bartlow Gardens, Romford, Greater London RM5 3UA4
£470K11/200.53 mi3c, Irons Way, Romford, Greater London RM5 3RJ4
£438K01/210.55 mi302, Pettits Lane North, Romford, Greater London RM1 4PJ4
£520K11/200.56 mi27, Heather Avenue, Romford, Greater London RM1 4SL4
£460K03/210.56 mi18, Heather Avenue, Romford, Greater London RM1 4SL4
£525K01/230.57 mi64, Heather Way, Romford, Greater London RM1 4TA4
£635K05/230.57 mi109, Lawns Way, Romford, Greater London RM5 3TB4
£535K10/220.58 mi2, Wood View Mews, Romford, Greater London RM1 4PN4
£475K03/230.58 mi86, Gelsthorpe Road, Romford, Greater London RM5 2LX4

Local Rents

49 rents from £1.7K/mo to £7.5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,00008/240 miKenway - Romford - RM53
£2,60007/240.01 mi-4
£2,10003/250.04 mi-3
£2,25001/250.13 mi-3
£2,50008/240.17 miLynton Avenue - Collier Row - RM54
£2,20010/240.18 mi-3
£2,00009/240.18 miRomford,RM7 8QD3
£2,60003/250.19 mi-4
£2,20007/240.2 miCross Road, Romford, London, RM73
£2,80004/250.21 mi-4
£3,00005/240.21 mi-4
£2,40008/240.23 mi-3
£2,00008/240.24 miNolands Close, Romford3
£1,85007/240.24 miPercy Road, Romford3
£2,10002/240.25 mi-3
£2,10001/240.25 mi-3
£2,10008/240.26 miLynton Avenue, Romford 3
£2,25003/250.26 mi-3
£2,30003/250.27 mi-3
£2,25008/240.27 miFerndale Road, RM53
£2,25008/240.27 miFerndale Road, RM5 3ER3
£2,10012/240.3 mi-3
£2,90003/250.3 mi-5
£1,70002/240.3 mi-3
£1,80001/240.31 mi-3
£2,00012/240.32 mi-3
£2,20007/240.33 miHainault Road, Romford, Essex. RM53
£2,00007/240.35 mi-3
£2,00003/250.35 mi-3
£2,20012/240.35 mi-3
£2,00008/240.36 miHavering Road, Romford, RM13
£2,00008/240.38 miHavering Road - Rise Park - RM13
£3,00007/240.38 miHavering Road, Romford5
£2,20009/240.38 mi-3
£2,20009/240.38 mi-3
£2,40007/240.38 miCollier Row Lane, Romford, RM55
£2,50007/240.39 miHavering Road, Romford, RM13
£2,00008/240.39 miLynton Avenue, Romford, RM73
£2,50007/240.4 mi-3
£2,65012/240.41 mi-4
£2,70003/250.41 mi-3
£7,50002/250.45 mi-6
£1,80008/240.46 miHavering Road - Rise Park - RM13
£1,75009/240.48 miCollier Row Road, Romford, London, RM53
£2,15011/240.49 mi-3
£2,05011/240.49 mi-3
£1,85002/250.49 mi-3
£2,65012/240.49 mi-3
£2,65011/240.49 mi-3

Local Area Statistics

Population in RM5

19,022

Population in Romford

124,481

Town centre distance

0.82 miles away

Nearest school

0.40 miles away

Nearest train station

1.43 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £525,000

September 24, 2024

Floor Plans

Description

  • Lounge: 12'11 x 11'2 +
  • Dining Room: 11'11 x 11'2 +
  • Kitchen: 14' x 10'11 +
  • Conservatory: 12'7 x 7'11 +
  • Bedroom 1: 12'8 x 10'10 +
  • Bedroom 2: 11'9 x 10'10 +
  • Bedroom 3: 11'9 x 7'8 +
  • Bedroom 4: 8'2 x 6'2 +
  • Shower Room/WC +
  • Rear Garden 90' approx with 3 workshops +

An extended 4 bedroom house that can grow with your family due to the huge potential for further rear and side extensions (stpp). This family home is beautifully presented and has a large garden that the children will love.

The porch is a convenient area to store coats, shoes and bags etc especially in winter and this leads to the hallway which is wide, welcoming and has a storage cupboard under the stairs. There is a ground floor WC which is always useful in larger family homes.

The living room is at the front of the home and natural light floods in through the bay window. Two large sofas will fit comfortably in this area and the addition of a log burner makes the entire ground floor incredibly cosy and warm during the colder months. The dining room is beyond the living room and there is currently a table with 6 chairs although a much larger table would easily fit if you have a larger family.

The kitchen offers a shaker style range of eye level and base level cupboards along with a fitted hob and space for a washing machine, dishwasher and fridge/freezer. For a more relaxed place to eat, there is a breakfast bar for two people and there is also a floor to ceiling storage unit.

Overlooking the garden is the conservatory which can be used as an additional reception area or perhaps as a play room if you have young children. There is the option for a buyer to remove it and build a full width extension which would provide even more living space if needed.

Upstairs, the bedrooms are all fantastic sizes with the largest room at the front of the home. The two largest rooms have built in wardrobes and both can fit a King size bed. Bedroom 3 has windows at both end of the room and a double bed and a wardrobe can fit neatly. Bedroom 4 is ideal for a child or if you work from home, it could potentially become a home office space. The shower room has a three piece white suite and a buyer could replace the shower with a bath if preferred.

If you enjoy gardening or if you have children that love to play outside, you'll really like the back garden. The lawn is very well maintained and there is a decking area which is where you'll keep an outdoor furniture set. There is side access to the front of the house and at the far end there are three large workshops, all with light and power.

There is huge potential with this home for further extensions and the current owners had plans drawn up to bring the side extension level with the front of the home. A buyer could also build a rear extension that replaces the conservatory (subject to the required planning permissions).

Lounge: 12'11 x 11'2 Dining Room: 11'11 x 11'2 Kitchen: 14' x 10'11 Conservatory: 12'7 x 7'11 Bedroom 1: 12'8 x 10'10 Bedroom 2: 11'9 x 10'10 Bedroom 3: 10'11 x 7'8 Bedroom 4: 8'2 x 6'2 Rear Garden approx 90ft Off street parking

Near to: Lawns Park - 0.5 miles St Patrick's Primary School - 0.7 miles - Parklands Primary School - 0.6 miles - Romford Rail Station - Elizabeth Line - 1.6 miles Hainault Underground Station - Central Line - 4.2 miles

Agent Details

Keys & Lee, Romford

01708 207178

Next Steps?

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