3 Bed Terraced House, Planning Permission, Romford, RM7 8HH, £525,000

Elm Road, Romford, RM7 8HH - 1 views - 2 months ago

Sold STC
Planning
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£300K - £670K
Sold Prices/m²£3K/m² - £6.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£441,634

 

 

End Value (After Refurb)

£510,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£49,200

Bridging Loan Interest

£13,781

Total Cash In

£226,681

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£510,000

Mortgage (After Refinance)

£382,500

Mortgage LTV

75%

Cash Left In

£226,681

Equity

£127,500

Rent Range

£1,700 - £2,750

Rent Estimate

£2,104

Running Costs/mo

£2,035

Cashflow/mo

£69

Cashflow/yr

£833

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £300K to £670K, average is £437.5K. £3K/m² to £6.3K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£425K06/210.06 mi38, Elm Road, Romford, Greater London RM7 8HH3
£425K09/210.07 mi421, Mawney Road, Romford, Greater London RM7 8PX3
£485K11/220.07 mi431, Mawney Road, Romford, Greater London RM7 8PX3
£338K06/210.08 mi251, Cross Road, Mawneys, Romford, Greater London RM7 8HS3
£380K03/210.08 mi262, Cross Road, Mawneys, Romford, Greater London RM7 8HS3
£420K10/210.1 mi494, Mawney Road, Romford, Greater London RM7 8QB3
£465K11/220.1 mi454, Mawney Road, Romford, Greater London RM7 8QB3
£510K07/230.1 mi432, Mawney Road, Romford, Greater London RM7 8QB3
£425K06/210.1 mi442, Mawney Road, Romford, Greater London RM7 8QB3
£520K05/230.1 mi450, Mawney Road, Romford, Greater London RM7 8QB3
£360K09/210.11 mi7, Peartree Gardens, Romford, Greater London RM7 8HT3
£435K10/210.11 mi9, Peartree Gardens, Romford, Greater London RM7 8HT3
£450K01/230.12 mi13, Peartree Gardens, Romford, Greater London RM7 8HT3
£385K03/210.13 mi27, Redriff Road, Romford, Greater London RM7 8HD3
£425K04/210.13 mi3, Norman Close, Romford, Greater London RM5 3EJ3
£495K02/230.14 mi6, Norman Close, Romford, Greater London RM5 3EJ3
£510K01/230.14 mi8, Elm Close, Romford, Greater London RM7 8HP3
£350K03/210.14 mi19, Kenway, Romford, Greater London RM5 3EH3
£495K01/230.15 mi3, Elm Close, Romford, Greater London RM7 8HP3
£540K01/230.16 mi386, Mawney Road, Romford, Greater London RM7 8QP3
£670K10/220.17 mi1, Kenway, Romford, Greater London RM5 3EH3
£365K06/210.17 mi81, Lynton Avenue, Romford, Greater London RM7 8NH3
£525K03/230.17 mi119, Lynton Avenue, Romford, Greater London RM7 8NH3
£360K05/210.17 mi70, White Hart Lane, Romford, Greater London RM7 8JB3
£300K06/210.19 mi9, Victory Way, Romford, Greater London RM7 8PB3
£500K06/210.19 mi141, Collier Row Lane, Romford, Greater London RM5 3HL3
£500K06/210.2 mi141, Collier Row Lane, Romford, Greater London RM5 3HL3
£350K10/200.2 mi72, Lynton Avenue, Romford, Greater London RM7 8NL3
£427K06/210.23 mi29, Dover Close, Romford, Greater London RM5 3AX3
£480K08/230.23 mi7, Dover Close, Romford, Greater London RM5 3AX3
£440K03/230.24 mi15, Clovelly Gardens, Romford, Greater London RM7 8NP3
£435K12/200.24 mi72, Percy Road, Romford, Greater London RM7 8RA3
£430K05/210.25 mi338, Mawney Road, Romford, Greater London RM7 8QT3
£525K12/220.25 mi255, Collier Row Lane, Romford, Greater London RM5 3JA3
£460K09/220.25 mi241, Collier Row Lane, Romford, Greater London RM5 3JA3
£390K11/200.26 mi13, Percy Road, Romford, Greater London RM7 8QX3
£440K02/210.26 mi39, Percy Road, Romford, Greater London RM7 8QX3
£480K03/210.26 mi232, Collier Row Lane, Romford, Greater London RM5 3JB3
£452K10/220.26 mi192, Collier Row Lane, Romford, Greater London RM5 3JB3
£490K10/220.27 mi6, Abbotts Close, Romford, Greater London RM7 8QU3
£465K02/230.27 mi12, Abbotts Close, Romford, Greater London RM7 8QU3
£380K12/200.27 mi8, Maidstone Avenue, Romford, Greater London RM5 3DB3
£445K01/230.29 mi10, Howe Close, Romford, Greater London RM7 8JL3
£425K11/200.29 mi9, Howe Close, Romford, Greater London RM7 8JL3
£447K02/230.29 mi29, Lynton Avenue, Romford, Greater London RM7 8NR3
£435K03/230.29 mi6, Lynton Avenue, Romford, Greater London RM7 8NR3
£430K08/230.29 mi90, White Hart Lane, Collier Row, Romford, Greater London RM7 8JJ3
£315K08/230.3 mi309, Mawney Road, Romford, Greater London RM7 8DR3
£445K02/230.31 mi59, Mowbrays Road, Romford, Greater London RM5 3EL3
£382.5K03/210.32 mi78, Birch Road, Romford, Greater London RM7 8EP3

Local Rents

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

RentDateDistanceAddressBeds 
£2,00009/240.07 miRomford,RM7 8QD3
£2,20007/240.08 miCross Road, Romford, London, RM73
£2,25001/250.09 mi-3
£2,20010/240.1 mi-3
£2,10003/250.12 mi-3
£2,00008/240.14 miKenway - Romford - RM53
£2,25002/250.17 mi-3
£1,85007/240.24 miPercy Road, Romford3
£2,10002/240.26 mi-3
£2,10001/240.26 mi-3
£2,00003/250.29 mi-3
£2,20009/240.29 mi-3
£2,20009/240.29 mi-3
£1,70002/240.29 mi-3
£2,10008/240.29 miLynton Avenue, Romford 3
£1,80001/240.31 mi-3
£2,00008/240.32 miLynton Avenue, Romford, RM73
£2,40008/240.36 mi-3
£2,00007/240.37 mi-3
£2,00008/240.37 miNolands Close, Romford3
£2,10012/240.38 mi-3
£2,50007/240.38 mi-3
£2,20007/240.39 miHainault Road, Romford, Essex. RM53
£2,25008/240.4 miFerndale Road, RM53
£2,25008/240.4 miFerndale Road, RM5 3ER3
£2,30003/250.41 mi-3
£2,00012/240.42 mi-3
£2,20012/240.46 mi-3
£2,10004/250.46 mi-3
£1,92012/230.46 mi-3
£1,92012/230.46 mi-3
£2,75012/240.46 mi-3
£2,00008/240.48 miHavering Road, Romford, RM13
£2,50007/240.5 miHavering Road, Romford, RM13
£1,75009/240.5 miCollier Row Road, Romford, London, RM53
£2,00008/240.5 miHavering Road - Rise Park - RM13
£2,15011/240.51 mi-3
£2,05011/240.51 mi-3
£1,85002/250.51 mi-3
£2,20009/240.52 mi-3
£2,70003/250.55 mi-3
£1,80008/240.6 miHavering Road - Rise Park - RM13

Local Area Statistics

Population in RM7

27,411

Population in Romford

124,481

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £525,000

February 22, 2025

Floor Plans

Description

  • IMMACULATE CONDITION +
  • POTENTIAL TO EXTEND STPP +
  • ATTACHED GARAGE +
  • GREAT TRANSPORT LINKS TO ROMFORD STATION (ELIZABETH LINE) +
  • WALKING DISTANCE TO AMAZING SCHOOLS +
  • 0.3 MILES TO LOCAL AMENITIES +
  • LARGE GARDEN +
  • STUNNING KITCHEN ACROSS THE REAR OF THE PROPERTY +
  • DOWNSTAIRS WC +

Located in Romford, this end-of-terrace house is in immaculate condition and offers an excellent opportunity for families looking for a home with potential to extend, subject to planning permission. The property includes three bedrooms, a stunning kitchen across the rear, and attached garage space, ensuring convenience and comfort. Its proximity to Romford Station on the Elizabeth Line provides great transport links for commuters.

Families will appreciate the property's location within walking distance to highly regarded schools. This makes it an ideal choice for those prioritising education and community. Additionally, local amenities are just 0.3 miles away, offering easy access to shops and services.

The house features a large garden, ideal for outdoor activities or future development. With gas central heating throughout, it is ready to accommodate your family's needs all year round. This property holds significant potential and is priced within the average range for the area.

With its excellent location and potential for extension, this property is not to be missed. Contact us today to arrange a viewing and explore the possibilities this home has to offer.

Agent Details

Keystones Property, Collier Row

020 3834 8181

Next Steps?

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