3 Bed Terraced House, Planning Permission, Romford, RM7 8HT, £450,000

Peartree Gardens, Romford, RM7 8HT - 6 views - 2 months ago

Planning
ROI: 2%
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£300K - £670K
Sold Prices/m²£3.2K/m² - £6.3K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£440,957

 

 

End Value (After Refurb)

£443,442

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£199,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£443,442

Mortgage (After Refinance)

£332,582

Mortgage LTV

75%

Cash Left In

£199,963

Equity

£110,861

Rent Range

£1,700 - £2,750

Rent Estimate

£2,101

Running Costs/mo

£1,826

Cashflow/mo

£275

Cashflow/yr

£3,301

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £300K to £670K, average is £432.5K. £3.2K/m² to £6.3K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£360K09/210.02 mi7, Peartree Gardens, Romford, Greater London RM7 8HT3
£435K10/210.02 mi9, Peartree Gardens, Romford, Greater London RM7 8HT3
£450K01/230.03 mi13, Peartree Gardens, Romford, Greater London RM7 8HT3
£338K06/210.05 mi251, Cross Road, Mawneys, Romford, Greater London RM7 8HS3
£380K03/210.05 mi262, Cross Road, Mawneys, Romford, Greater London RM7 8HS3
£300K06/210.06 mi9, Victory Way, Romford, Greater London RM7 8PB3
£360K05/210.1 mi70, White Hart Lane, Romford, Greater London RM7 8JB3
£425K06/210.11 mi38, Elm Road, Romford, Greater London RM7 8HH3
£495K01/230.13 mi3, Elm Close, Romford, Greater London RM7 8HP3
£510K01/230.13 mi8, Elm Close, Romford, Greater London RM7 8HP3
£425K09/210.15 mi421, Mawney Road, Romford, Greater London RM7 8PX3
£485K11/220.15 mi431, Mawney Road, Romford, Greater London RM7 8PX3
£430K08/230.16 mi90, White Hart Lane, Collier Row, Romford, Greater London RM7 8JJ3
£445K01/230.17 mi10, Howe Close, Romford, Greater London RM7 8JL3
£425K11/200.17 mi9, Howe Close, Romford, Greater London RM7 8JL3
£365K06/210.17 mi81, Lynton Avenue, Romford, Greater London RM7 8NH3
£525K03/230.17 mi119, Lynton Avenue, Romford, Greater London RM7 8NH3
£350K10/200.18 mi72, Lynton Avenue, Romford, Greater London RM7 8NL3
£440K03/230.2 mi15, Clovelly Gardens, Romford, Greater London RM7 8NP3
£425K04/210.21 mi3, Norman Close, Romford, Greater London RM5 3EJ3
£495K02/230.21 mi6, Norman Close, Romford, Greater London RM5 3EJ3
£442K02/230.21 mi10, Raider Close, Romford, Greater London RM7 8PJ3
£420K10/210.23 mi494, Mawney Road, Romford, Greater London RM7 8QB3
£465K11/220.23 mi454, Mawney Road, Romford, Greater London RM7 8QB3
£510K07/230.23 mi432, Mawney Road, Romford, Greater London RM7 8QB3
£425K06/210.23 mi442, Mawney Road, Romford, Greater London RM7 8QB3
£520K05/230.23 mi450, Mawney Road, Romford, Greater London RM7 8QB3
£350K03/210.25 mi19, Kenway, Romford, Greater London RM5 3EH3
£385K03/210.26 mi27, Redriff Road, Romford, Greater London RM7 8HD3
£540K01/230.26 mi386, Mawney Road, Romford, Greater London RM7 8QP3
£375K03/210.26 mi106, White Hart Lane, Romford, Greater London RM7 8LX3
£383K05/210.26 mi134, White Hart Lane, Romford, Greater London RM7 8LX3
£400K03/210.26 mi112, White Hart Lane, Collier Row, Romford, Greater London RM7 8LX3
£500K02/230.26 mi119, White Hart Lane, Collier Row, Romford, Greater London RM7 8LX3
£525K12/220.27 mi255, Collier Row Lane, Romford, Greater London RM5 3JA3
£460K09/220.27 mi241, Collier Row Lane, Romford, Greater London RM5 3JA3
£670K10/220.27 mi1, Kenway, Romford, Greater London RM5 3EH3
£447K02/230.27 mi29, Lynton Avenue, Romford, Greater London RM7 8NR3
£435K03/230.27 mi6, Lynton Avenue, Romford, Greater London RM7 8NR3
£425K08/230.28 mi13, Hulse Avenue, Romford, Greater London RM7 8NT3
£480K03/210.29 mi232, Collier Row Lane, Romford, Greater London RM5 3JB3
£452K10/220.29 mi192, Collier Row Lane, Romford, Greater London RM5 3JB3
£500K06/210.3 mi141, Collier Row Lane, Romford, Greater London RM5 3HL3
£500K06/210.3 mi141, Collier Row Lane, Romford, Greater London RM5 3HL3
£400K02/210.33 mi9, Hazell Crescent, Romford, Greater London RM5 2AL3
£400K11/200.33 mi3, Hazel Crescent, Romford, Greater London RM5 2AL3
£400K11/200.33 mi3, Hazel Crescent, Romford, Greater London RM5 2AL3
£437.5K11/200.33 mi16, Hazel Crescent, Romford, Greater London RM5 2AL3
£398.3K07/210.33 mi21, Lowshoe Lane, Romford, Greater London RM5 2AA3
£360K01/210.33 mi47, Lowshoe Lane, Romford, Greater London RM5 2AA3

Local Rents

38 rents from £1.7K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,20007/240.05 miCross Road, Romford, London, RM73
£2,20010/240.08 mi-3
£2,25001/250.12 mi-3
£2,00009/240.17 miRomford,RM7 8QD3
£2,20009/240.17 mi-3
£2,20009/240.17 mi-3
£2,00003/250.18 mi-3
£2,00008/240.2 miLynton Avenue, Romford, RM73
£2,10003/250.21 mi-3
£2,00008/240.24 miKenway - Romford - RM53
£2,25002/250.26 mi-3
£2,10008/240.27 miLynton Avenue, Romford 3
£2,50007/240.31 mi-3
£2,00007/240.33 mi-3
£1,85007/240.37 miPercy Road, Romford3
£2,10002/240.38 mi-3
£2,10001/240.38 mi-3
£1,70002/240.41 mi-3
£1,80001/240.42 mi-3
£1,75009/240.44 miCollier Row Road, Romford, London, RM53
£2,15011/240.45 mi-3
£2,05011/240.45 mi-3
£1,85002/250.45 mi-3
£2,40008/240.48 mi-3
£2,00008/240.49 miNolands Close, Romford3
£2,30003/250.49 mi-3
£2,25008/240.51 miFerndale Road, RM53
£2,25008/240.51 miFerndale Road, RM5 3ER3
£2,10012/240.51 mi-3
£2,20007/240.52 miHainault Road, Romford, Essex. RM53
£1,92012/230.53 mi-3
£1,92012/230.53 mi-3
£2,10004/250.53 mi-3
£2,00012/240.55 mi-3
£2,75012/240.55 mi-3
£2,20009/240.57 mi-3
£2,20012/240.58 mi-3
£2,00008/240.6 miHavering Road, Romford, RM13

Local Area Statistics

Population in RM7

27,411

Population in Romford

124,481

Town centre distance

1.06 miles away

Nearest school

0.10 miles away

Nearest train station

1.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £450,000

February 5, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Side & Rear Extensions +
  • Potential for Double Storey Side Extension (stpp) +
  • Near to 'Good' Rated Primary Schools +
  • Quiet Cul-de-Sac Location +
  • Off Street Parking +
  • Expansive Corner Plot +
  • 959 sq ft / 89 sq m. +

This extended home is on a corner plot meaning it gets larger the further back you go. There is a side extension as well as a rear extension making it a fantastic size family home plus there's potential to build above the side extension(subject to planning permission) which could create a 4 or 5 bedroom home.

The spacious living room is at the front of the house and two large sofas or a 'L' shape fit perfectly. The side extension is currently used as a play room as well as a home office but it can also be a second reception area or even a more formal dining room if preferred.

At the back of the house and overlooking the garden is the extended kitchen/diner which if you like cooking, is a great room. There's plenty of worktop space for food prep plus a vast array of eye level and base level storage units. A dining table and chairs gives an informal place for meal times as well as an area for children to do homework if you're in the kitchen cooking.

The bathroom is on the ground floor and has a three piece suite including a shower above the bath.

Upstairs, you'll find three really good size bedrooms with two large double rooms and a great size bedroom 3 which is perfect for a child.

The garden is incredibly wide and offers endless possibilities. There is a patio which is where you'll have an outdoor dining set and a BBQ. There's also a path that leads to the internal door of the garage which is larger than average and offers parking. There's also a parking space in front of the garage.

Living Room: 16'9 x 12' Kitchen/Diner: 18'2 x 10'1 Play Room: 18' x 13'10 max Ground Floor Bathroom/WC Bedroom 1: 12' x 10'1 Bedroom 2: 11'1 x 8'4 Bedroom 3: 8'10 x 6'4 Rear Garden Garage Off Street Parking

Near to: King George's Playing Fields - 0.4 miles St Patrick's Junior School - 0.6 miles - Crownfield Primary School - 0.4 miles - Romford Rail Station - Elizabeth Line - 2.4 miles Hainault Underground Station - Central Line - 4.1 miles

Agent Details

Keys & Lee, Romford

01708 207178

Next Steps?

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