7 Bed HMO, Romford, RM6 6DT, £650,000

Saville Road, Chadwell Heath, RM6 6DT - 10 views - 5 months ago

Sold STC
HMO
Planning
ROI: 7%
~217 m²
+50 photos

ValuationUndervalued

Sold Prices£212K - £660K
Sold Prices/m²£1.9K/m² - £7.1K/m²

 

 

Square Metres

~217 m²
Price/m²£3K/m²

Value Estimate

£780,000
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Total Cash In

£203,200

 

 

Cash Out

 

Room Rate

£745

Gross Rent

£5,215

Running Costs/mo

£3,997

Cashflow/mo

£1,218

Cashflow/yr

£14,620

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £212K to £660K, average is £462.5K. £1.9K/m² to £7.1K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£465K09/210.1 mi90, Burlington Gardens, Chadwell Heath, Romford, Greater London RM6 6ET4
£425K11/200.12 mi45, Salcombe Drive, Romford, Greater London RM6 6DU4
£435K01/210.16 mi51, Bennett Road, Romford, Greater London RM6 6ER4
£450K06/230.2 mi308, Crow Lane, Romford, Greater London RM7 0HJ4
£359K06/230.24 mi466, Whalebone Lane North, Chadwell Heath, Romford, Greater London RM6 6RJ4
£480K05/230.25 mi29, Rosslyn Avenue, Dagenham, Greater London RM8 1JP4
£515K06/230.28 mi18, Kings Avenue, Romford, Greater London RM6 6BB4
£525K06/230.29 mi20, Ashton Gardens, Romford, Greater London RM6 6RT4
£585K02/230.29 mi50, Ashton Gardens, Romford, Greater London RM6 6RT4
£525K02/210.3 mi10, Tenby Road, Romford, Greater London RM6 6NB4
£455K04/230.32 mi23, Braithwaite Avenue, Romford, Greater London RM7 0DS4
£502.5K04/230.32 mi7, Whalebone Avenue, Romford, Greater London RM6 6DA4
£212K10/210.46 mi28, Edward Road, Romford, Greater London RM6 6UH4
£515K07/230.47 mi26, Alexandra Road, Chadwell Heath, Romford, Greater London RM6 6UL4
£455K01/230.55 mi35, Ross Avenue, Dagenham, Greater London RM8 1PU4
£430K06/210.56 mi46, Pemberton Gardens, Romford, Greater London RM6 6SH4
£440K02/240.56 mi1d, Pemberton Gardens, Romford, Greater London RM6 6SH4
£450K11/230.57 mi24, West Road, Chadwell Heath, Romford, Greater London RM6 6YA4
£535K09/210.61 mi9, Bridport Avenue, Romford, Greater London RM7 9HL4
£460K08/230.65 mi6, Eddy Close, Romford, Greater London RM7 9HS4
£433.5K02/210.68 mi15, Jutsums Lane, Romford, Greater London RM7 9HD4
£535K11/230.72 mi8, Manor Road, Chadwell Heath, Romford, Greater London RM6 4LL4
£435K11/200.72 mi38, Clarissa Road, Romford, Greater London RM6 4ND4
£515K01/230.74 mi59, Portland Gardens, Romford, Greater London RM6 5UH4
£560K08/230.76 mi44, Portland Gardens, Romford, Greater London RM6 5UJ4
£660K12/220.77 mi27, Blackbush Avenue, Romford, Greater London RM6 5TU4
£627K04/230.8 mi3, Mayesford Road, Romford, Greater London RM6 4NU4
£400K12/200.81 mi29, Mansted Gardens, Romford, Greater London RM6 4ED4
£500K01/210.82 mi29, Havering Gardens, Romford, Greater London RM6 5BH4
£300K01/240.83 mi108, Jarrow Road, Romford, Greater London RM6 5RP4
£475K08/210.84 mi82, Havering Gardens, Romford, Greater London RM6 5AA4
£450K06/210.84 mi28, Kimberley Avenue, Romford, Greater London RM7 9JP4
£500K04/210.84 mi75, Norbury Gardens, Romford, Greater London RM6 5TR4
£660K12/230.84 mi51, Blackbush Avenue, Romford, Greater London RM6 5TT4
£565K01/240.85 mi12, Overton Drive, Chadwell Heath, Romford, Greater London RM6 4EH4
£590K07/230.87 mi139, Havering Gardens, Romford, Greater London RM6 5AL4
£455K11/200.87 mi22, Canon Avenue, Romford, Greater London RM6 5RR4
£465K07/230.88 mi18, Bede Road, Romford, Greater London RM6 5RT4
£437K12/200.89 mi519, Rush Green Road, Romford, Greater London RM7 0NA4
£615K11/220.91 mi48, Roxy Avenue, Romford, Greater London RM6 4AY4
£605K09/220.91 mi56, Roxy Avenue, Romford, Greater London RM6 4AY4
£395K11/200.92 mi56, Chittys Lane, Dagenham, Greater London RM8 1UP4
£485K11/200.92 mi186, Havering Gardens, Romford, Greater London RM6 5AR4
£558K02/230.92 mi182, Havering Gardens, Romford, Greater London RM6 5AR4
£450K04/210.93 mi1, Sheepcotes Road, Romford, Greater London RM6 5LS4
£447.5K05/230.93 mi17a, Lessington Avenue, Romford, Greater London RM7 9EB4
£365K04/210.95 mi5, Fauna Close, Romford, Greater London RM6 4AS4
£404.5K03/210.96 mi60, Barton Avenue, Romford, Greater London RM7 0ND4
£430K06/210.97 mi417, Rush Green Road, Romford, Greater London RM7 0NH4
£445K12/220.98 mi54, Thatches Grove, Romford, Greater London RM6 5LH4

Local Area Statistics

Population in RM6

32,908

Population in Romford

124,481

Town centre distance

2.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £650,000

December 5, 2024

Floor Plans

Description

  • Seven Bedroom Property +
  • HMO Opportunity (subject to planning) +
  • Six Bathrooms +
  • Three kithens +
  • Conservatory +
  • Two Entrances +
  • Large Rear Garden +
  • Utility Room +
  • Easy access to High Road +
  • Great Investment Opportunity +

Nestled on Saville Road in the vibrant area of Romford, this impressive seven-bedroom end-of-terrace Victorian house offers a unique opportunity for both families and investors alike. Spanning an expansive 2,098 square feet, the property boasts a wealth of space and versatility, making it an ideal choice for those seeking a comfortable and accommodating home.

Upon entering, you are greeted by two generous reception rooms that provide ample space for relaxation and entertaining. The property features six well-appointed bathrooms, ensuring convenience for larger households or potential tenants. With three kitchens, the layout is particularly advantageous for those considering a House in Multiple Occupation (HMO) opportunity, subject to planning permission.

The home has been thoughtfully extended to the rear & side, enhancing the living space and creating a delightful conservatory that invites natural light and offers a serene view of the spacious rear garden. The utility room adds to the practicality of the home, making daily chores a breeze.

The loft has been converted, providing additional living space that can be tailored to your needs, whether as a bedroom, office, or playroom. The expansive rear garden is perfect for outdoor activities, gardening, or simply enjoying the fresh air.

This property not only presents a wonderful family home but also a promising investment opportunity in a sought-after location. With its blend of character, space, and potential, this Victorian house on Saville Road is a rare find that should not be missed.

Ground Floor -

Living Room - 4.06m x 3.43m (13'4 x 11'3 ) -

Dining Room - 3.58m x 3.61m (11'9 x 11'10 ) -

Kitchen - 3.18m x 2.77m (10'5 x 9'1 ) -

Bedroom - 2.74m x 2.54m (9'0 x 8'4) -

Bathroom - 1.47m x 2.18m (4'10 x 7'2) -

Conservatory - 3.96m x 3.71m (13'0 x 12'2) -

Bedroom - 3.20m x 2.13m (10'6 x 7'0 ) -

Kitchen - 3.40m x 1.73m (11'2 x 5'8 ) -

Bathroom - 2.08m x 1.27m (6'10 x 4'2) -

First Floor -

Bedroom - 4.60m x 3.51m (15'1 x 11'6) -

Bedroom - 3.45m x 2.87m (11'4 x 9'5) -

Bedroom - 4.45m x 2.74m (14'7 x 9'0 ) -

Kitchen - 4.52m x 2.24m (14'10 x 7'4) -

Bathroom - 1.75m x 1.47m (5'9 x 4'10) -

Bathroom - 2.41m x 0.64m (7'11 x 2'1) -

Bathroom - 1.70m x 1.60m (5'7 x 5'3) -

Utility - 1.75m x 1.47m (5'9 x 4'10 ) -

Second Floor -

Bedroom - 5.21m x 4.47m (17'1 x 14'8 ) -

Bathroom - 2.18m x 0.97m (7'2 x 3'2) -

Disclaimer:
All information provided in relation to this property does not constitute or form part of an offer or contract, nor may it be regarded as representations, they are to be used for marketing purposes only. All interested parties are responsible to verify accuracy and your solicitor must verify tenure/lease information, ground rent/service charges, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are tested and that they are necessarily in working order or fit for the purpose. Any costs occurred would be at the expense of the potential purchaser.

Agent Details

Hunters, Chadwell Heath

020 3907 2683

Next Steps?

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