3 Bed Terraced House, Planning Permission, Romford, RM6 4SU, £475,000

Joydon Drive, CHADWELL HEATH, RM6 4SU - 2 views - 2 months ago

Planning
ROI: 1%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£350K - £620K
Sold Prices/m²£3.2K/m² - £9.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£480,587

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£1,800 - £2,600

Rent Estimate

£2,000

Running Costs/mo

£1,904

Cashflow/mo

£96

Cashflow/yr

£1,148

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £350K to £620K, average is £441K. £3.2K/m² to £9.7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£475K06/210.04 mi51, Gresham Drive, Romford, Greater London RM6 4TP3
£497.5K06/230.07 mi4, Joydon Drive, Romford, Greater London RM6 4SU3
£427K11/200.1 mi125, Gresham Drive, Romford, Greater London RM6 4TR3
£420K03/230.11 mi15, Gresham Drive, Romford, Greater London RM6 4TL3
£550K05/220.14 mi2, Bexley Gardens, Chadwell Heath, Romford, Greater London RM6 4FD3
£425K04/210.14 mi2, Hampstead Gardens, Chadwell Heath, Romford, Greater London RM6 4FE3
£377.5K07/210.15 mi46, Millhaven Close, Romford, Greater London RM6 4PL3
£410K04/240.15 mi9, Millhaven Close, Romford, Greater London RM6 4PL3
£430K03/220.15 mi132, Barley Lane, Ilford, Greater London IG3 8XW3
£380K11/200.16 mi24, Norwich Crescent, Chadwell Heath, Romford, Greater London RM6 4UW3
£395K03/210.17 mi3, Putney Gardens, Chadwell Heath, Romford, Greater London RM6 4FF3
£485K08/230.17 mi1, Putney Gardens, Chadwell Heath, Romford, Greater London RM6 4FF3
£451K01/240.17 mi73, Heathfield Park Drive, Chadwell Heath, Romford, Greater London RM6 4FJ3
£407K02/210.17 mi84, Heathfield Park Drive, Chadwell Heath, Romford, Greater London RM6 4FJ3
£425K03/210.17 mi1, Heathfield Park Drive, Chadwell Heath, Romford, Greater London RM6 4FB3
£442K06/210.18 mi61, Priestley Gardens, Romford, Greater London RM6 4SH3
£435K01/230.18 mi32, Heathfield Park Drive, Chadwell Heath, Romford, Greater London RM6 4FB3
£466K12/220.2 mi202, Grove Road, Chadwell Heath, Romford, Greater London RM6 4XB3
£580K02/230.2 mi54, Priestley Gardens, Romford, Greater London RM6 4SH3
£490K10/220.23 mi192, Barley Lane, Ilford, Greater London IG3 8XR3
£350K06/210.25 mi42, Westfield Gardens, Chadwell Heath, Romford, Greater London RM6 4BY3
£350K03/210.25 mi11, Westfield Gardens, Chadwell Heath, Romford, Greater London RM6 4BY3
£422K06/210.25 mi204, Chadwell Heath Lane, Chadwell Heath, Romford, Greater London RM6 4YL3
£372K03/210.26 mi129, Chadwell Heath Lane, Chadwell Heath, Romford, Greater London RM6 4YX3
£405K08/230.26 mi144, Chadwell Heath Lane, Romford, Greater London RM6 4YX3
£458.5K09/230.26 mi33, Bengeo Gardens, Romford, Greater London RM6 4BT3
£380K03/210.26 mi77, Christie Gardens, Romford, Greater London RM6 4SD3
£465K03/210.27 mi21, Galsworthy Avenue, Romford, Greater London RM6 4PX3
£475K01/210.27 mi35, Galsworthy Avenue, Romford, Greater London RM6 4PX3
£485K04/210.27 mi22, Galsworthy Avenue, Romford, Greater London RM6 4QA3
£485K04/210.27 mi22, Galsworthy Avenue, Romford, Greater London RM6 4QA3
£435K04/210.28 mi2, Third Avenue, Romford, Greater London RM6 5DB3
£510K01/230.28 mi15, Flora Gardens, Romford, Greater London RM6 4BQ3
£375K01/210.28 mi7, South Road, Little Heath, Romford, Greater London RM6 4YT3
£460K07/230.29 mi33, Somerville Road, Romford, Greater London RM6 5BD3
£440K04/210.29 mi25, Brian Road, Romford, Greater London RM6 5DA3
£438K02/210.29 mi8, Donald Drive, Romford, Greater London RM6 5EB3
£450K05/210.3 mi13, Strouds Close, Chadwell Heath, Romford, Greater London RM6 4XD3
£485K11/220.33 mi16, Barley Lane, Ilford, Greater London IG3 8XF3
£440K06/210.33 mi31, Flora Gardens, Romford, Greater London RM6 4BG3
£455K05/230.33 mi83, Somerville Road, Romford, Greater London RM6 5BB3
£415K01/210.33 mi89, Somerville Road, Romford, Greater London RM6 5BB3
£450K11/220.33 mi67, Somerville Road, Romford, Greater London RM6 5BB3
£460K05/210.34 mi23, Christie Gardens, Romford, Greater London RM6 4SA3
£425K01/240.34 mi59, Christie Gardens, Romford, Greater London RM6 4SA3
£480K08/210.34 mi17, Conway Crescent, Romford, Greater London RM6 4XP3
£532K06/230.34 mi18, Conway Crescent, Romford, Greater London RM6 4XP3
£486K02/210.34 mi23, Conway Crescent, Romford, Greater London RM6 4XP3
£620K09/230.34 mi69, Primrose Avenue, Romford, Greater London RM6 4PS3
£435K01/210.35 mi31, Tendring Way, Romford, Greater London RM6 5DX3

Local Rents

50 rents from £1.8K/mo to £2.6K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00007/240.07 miJoydon Drive, Chadwell Heath, Romford, RM63
£2,20008/240.07 miAbercorn Gardens, Romford, London, RM63
£2,55007/240.09 mi-3
£2,00009/240.12 miGresham Drive, Romford, RM63
£2,45010/240.15 mi-3
£2,50005/240.18 miBarley Lane, Goodmayes, Essex, IG33
£2,50006/240.18 miBarley Lane, Goodmayes, Essex, IG33
£2,50004/240.21 miBarley Lane, Ilford, IG33
£2,50005/240.21 miBarley Lane, Ilford, IG33
£2,40006/240.21 mi-3
£2,25009/240.21 mi-3
£2,10007/240.27 mi-3
£2,35007/240.28 mi-3
£2,35007/240.28 mi-3
£2,30007/240.29 mi-3
£2,40007/240.3 mi-3
£2,10012/240.3 mi-3
£2,35007/240.3 mi-3
£2,10008/240.3 miChadwell Heath Lane, RM6 4AE3
£2,10008/240.32 miChadwell Heath Lane, Romford, RM63
£2,30002/250.32 mi-3
£1,80007/240.33 mi-3
£2,30007/240.35 miTendring Way, Romford, London, RM63
£2,40001/250.36 mi-3
£2,35002/250.36 mi-3
£2,35002/250.36 mi-3
£2,10004/250.4 mi-3
£2,30008/240.41 miRoxy Avenue, Romford, London, RM63
£2,50004/250.42 mi-3
£2,60007/240.42 mi-3
£2,50007/240.42 mi-3
£2,50007/240.44 mi-3
£2,50008/240.48 mi-3
£2,20012/240.5 mi-3
£2,30007/240.51 mi-3
£2,00002/250.51 mi-3
£2,20007/240.52 miFields Park Crescent, Chadwell Heath, RM63
£2,20007/240.53 mi-3
£2,30004/250.54 mi-3
£2,20008/240.55 mi-3
£2,20001/250.55 mi-3
£2,20004/250.55 mi-3
£2,20009/240.55 mi-3
£2,25012/240.56 mi-3
£2,40008/240.58 mi-3
£2,50007/240.61 mi-3
£2,50007/240.61 mi-3
£2,60004/250.61 mi-3
£2,00007/240.61 miMansted Gardens, Romford, RM63
£1,95004/250.62 mi-3

Local Area Statistics

Population in RM6

32,908

Population in Romford

124,481

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £475,000

February 21, 2025

Floor Plans

Description

  • Three Bedroom End of Terrace +
  • Two Reception Rooms +
  • Fitted Kitchen +
  • First Floor Bathroom +
  • Extension Potential STPP +
  • 60 ft Rear Garden +
  • Off Street Parking +
  • Shared Side Access +
  • No Onward Chain +
  • Ideal Family Home +

Guide Price £475,000 - £500,000. Payne & Co are pleased to offer for sale this end of terrace property which is an excellent opportunity for first-time buyers, investors or families. The property offers three bedrooms, a first-floor bathroom, two reception rooms and a galley kitchen with access to the garden. The house is well-positioned and benefits from the convenience of nearby public transport links, schools and parks, and being near King George Hospital. The property features an enclosed porch and off-street parking, providing additional convenience. One of the key features of this property is the generously sized 60ft rear garden, which can be accessed via the kitchen and the second reception room. The property also has a shared side access and the potential to extend, subject to planning permission. Moreover, the property is offered with no onward chain, making the process of moving in swift and hassle-free. This property is a fantastic investment opportunity with a lot of potential to become a beautiful family home.

Agent Details

Payne & Co, Ilford

020 3873 8289

Next Steps?

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