3 Bed Semi-Detached House, Planning Permission, Hornchurch, RM12 4EY, £700,000

Hornchurch, Greater London, RM12 4EY - 3 views - 3 months ago

Planning
~93 m²
+19 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£7.5K/m²

Value Estimate

£470,536

 

 

End Value (After Refurb)

£535,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£175,000

Stamp Duty & Legal Fees

£44,700

Refurb Costs

£46,800

Bridging Loan Interest

£18,375

Total Cash In

£286,625

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£535,000

Mortgage (After Refinance)

£401,250

Mortgage LTV

75%

Cash Left In

£286,625

Equity

£133,750

Rent Range

£1,500 - £2,500

Rent Estimate

£2,078

Running Costs/mo

£2,107

Cashflow/mo

£-29

Cashflow/yr

£-354

Gross Yield

4%

Local Sold Prices

49 sold prices from £250K to £540K, average is £425K. £3.2K/m² to £6.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£405K04/210.04 mi137, Laburnum Avenue, Hornchurch, Greater London RM12 4EX3
£455K12/220.05 mi257, Upper Rainham Road, Hornchurch, Greater London RM12 4EY3
£410K04/210.07 mi76, Acacia Avenue, Hornchurch, Greater London RM12 4EN3
£384.4K11/200.12 mi131, Laburnum Avenue, Hornchurch, Greater London RM12 4HF3
£355K03/210.12 mi125, Laburnum Avenue, Hornchurch, Greater London RM12 4HF3
£440K08/210.13 mi36, Acacia Avenue, Hornchurch, Greater London RM12 4EN3
£388K03/210.13 mi78, Acacia Avenue, Hornchurch, Greater London RM12 4EN3
£420K06/210.14 mi76, Laburnum Avenue, Hornchurch, Greater London RM12 4HA3
£370K04/210.14 mi39, Acacia Avenue, Hornchurch, Greater London RM12 4EW3
£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
£426K12/200.17 mi4, Chestnut Glen, Hornchurch, Greater London RM12 4HL3
£347K08/230.21 mi37, 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
£400K01/210.25 mi50, Chestnut Avenue, Hornchurch, Greater London RM12 4HJ3
£400K12/200.25 mi9, Laburnum Avenue, Hornchurch, Greater London RM12 4HE3
£430K08/230.25 mi42, Chestnut Avenue, Hornchurch, Greater London RM12 4HN3
£250K06/210.25 mi8, Chestnut Avenue, Hornchurch, Greater London RM12 4HW3
£468K09/230.25 mi22, Chestnut Avenue, Hornchurch, Greater London RM12 4HN3
£495K06/210.25 mi123, Saunton Road, Hornchurch, Greater London RM12 4HQ3
£500K01/240.27 mi76a, Chestnut Avenue, Hornchurch, Greater London RM12 4HJ3
£460K10/230.27 mi86, Bancroft Chase, Hornchurch, Greater London RM12 4DR3
£476K11/210.28 mi249, Warren Drive, Hornchurch, Greater London RM12 4PL3
£445K10/230.29 mi24, Milton Avenue, Hornchurch, Greater London RM12 4BW3
£409.4K04/230.29 mi18, Milton Avenue, Hornchurch, Greater London RM12 4BW3
£428K07/230.3 mi289, Warren Drive, Hornchurch, Greater London RM12 4PW3
£427K06/210.3 mi58, Milton Avenue, Hornchurch, Greater London RM12 4BW3
£320K11/200.31 mi377, Elm Park Avenue, Hornchurch, Greater London RM12 4PE3
£405K11/200.31 mi379, Elm Park Avenue, Hornchurch, Greater London RM12 4PE3
£425K11/230.33 mi109, Eyhurst Avenue, Hornchurch, Greater London RM12 4NN3
£470K09/230.33 mi166, Eyhurst Avenue, Hornchurch, Greater London RM12 4NW3
£475K02/230.33 mi124, Eyhurst Avenue, Hornchurch, Greater London RM12 4NW3
£400K08/210.34 mi119, Upper Rainham Road, Hornchurch, Greater London RM12 4EF3
£330K11/200.34 mi107, Upper Rainham Road, Hornchurch, Greater London RM12 4EF3
£425K07/230.34 mi117, Upper Rainham Road, Hornchurch, Greater London RM12 4EF3
£415K03/240.34 mi43, Woodcote Avenue, Hornchurch, Greater London RM12 4PY3
£435K04/210.34 mi47, Woodcote Avenue, Hornchurch, Greater London RM12 4PY3
£386K06/210.34 mi43, Woodcote Avenue, Hornchurch, Greater London RM12 4PY3
£425K02/210.35 mi34, Woodcote Avenue, Hornchurch, Greater London RM12 4PZ3
£415K12/230.35 mi6, Woodcote Avenue, Hornchurch, Greater London RM12 4PZ3
£450K07/230.36 mi29, Tennyson Way, Hornchurch, Greater London RM12 4BU3
£415K09/230.36 mi3, Tennyson Way, Hornchurch, Greater London RM12 4BU3
£445K06/230.37 mi7, Broadstone Road, Hornchurch, Greater London RM12 4AH3
£385K07/230.37 mi14, Broadstone Road, Hornchurch, Greater London RM12 4AH3
£470K03/230.37 mi51, Broadstone Road, Hornchurch, Greater London RM12 4AH3
£390K10/230.38 mi5, Harvard Walk, Hornchurch, Greater London RM12 4BB3
£440K06/240.38 mi5, Northwood Avenue, Hornchurch, Greater London RM12 4PU3

Local Rents

21 rents from £1.5K/mo to £2.5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,40003/250.08 mi-3
£2,40012/240.3 mi-3
£2,30003/250.32 mi-3
£2,30003/250.4 mi-3
£2,10012/240.41 mi-3
£2,25008/240.44 miElm Park Avenue, Hornchurch, Essex, Hornchurch, Essex, RM123
£2,00008/240.44 miElm Park3
£2,30003/250.45 mi-3
£2,20003/250.45 mi-3
£2,40007/240.45 mi-3
£1,85008/240.48 miMidhurst Close, Hornchurch3
£1,85008/240.49 miEastbrook Drive, Romford3
£1,86008/240.49 miApollo Close, Hornchurch, RM123
£1,50007/240.53 miThe Broadway, Hornchurch, London, RM123
£2,10007/240.53 mi-3
£2,15003/250.53 mi-3
£2,00003/250.54 mi-3
£2,25002/250.55 mi-3
£2,50012/240.56 mi-3
£2,40007/240.57 mi-3
£1,80008/240.59 miWindermere Avenue, Hornchurch, RM123

Local Area Statistics

Population in RM12

34,603

Population in Hornchurch

65,974

Town centre distance

1.13 miles away

Nearest school

0.40 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £700,000

December 27, 2024

Sold for £184,000

2003

Floor Plans

Description

  • PLANNING PREVIOUSLY GRANTED FOR ADITIONAL DWELLING +
  • Three Bedrooms +
  • Rear Extention +
  • One Bathroom +
  • Driveway +
  • Potential For Side Extension +
  • CONTACT US FOR PREVIOUS PLANS +

Guide Price £700,000-£725,000

Charming 3-Bedroom House in Hornchurch sat on 3/4 of an acre with previously granted planning permission for additional dwelling and side extentsion.

Welcome to this attractive 3-bedroom house nestled in the sought-after location of Hornchurch. Situated in a quiet residential area, this property offers both comfort and convenience, making it an ideal choice for families and investors alike.

As you enter the house, you are greeted by a warm and welcoming hallway that leads you to the main living areas. The spacious and light-filled lounge provides the perfect space to relax and unwind with your loved ones. The room boasts a large window that bathes the space in natural light, creating an inviting ambiance.

Adjacent to the lounge, you will find a well-appointed kitchen, offering plenty of storage and worktop space. The dining area, connected to the kitchen, completes this open-plan layout.

The property features three generously sized bedrooms, each providing a comfortable and private sanctuary for a good night's sleep. The bedrooms have ample storage space, ensuring clutter-free living. The neutral decor throughout the property allows for easy personalisation to suit your style and taste.

An added highlight of this property is the rear extension, which significantly increases the living space. The extension could be utilized as an additional reception area, a study, or even a playroom for children, offering versatility to cater to your specific needs.

Outside, a well-maintained garden offers a tranquil space for outdoor activities, gardening, or al fresco dining during warmer months. Additionally, there is a driveway providing off-road parking, ensuring ease and security for multiple vehicles.

What truly sets this property apart is the planning permission previously granted for an additional dwelling. This creates an excellent opportunity for developers or those seeking potential for expansion. The existing driveway and potential for a side extension ensure that any future development plan can be maximized to its full potential.

Situated in Hornchurch, this property benefits from excellent transport links, including nearby bus routes and easy access to major roadways as well as Elm Park station (District Line) 0.8 miles and Romford Station (Queen Elizabeth Line) 1.6miles. The area is well-known for its abundance of amenities, including local shops, supermarkets, restaurants, and schools, making it a desirable place to live.

Agent Details

Ivy & Stone, Covering East London and West Essex

020 7046 0338

Next Steps?

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