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

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

Planning
ROI: 1%
~93 m²
+15 photos

ValuationFair Value

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

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£442,529

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Rent Range

£1,700 - £2,750

Rent Estimate

£1,903

Running Costs/mo

£1,807

Cashflow/mo

£96

Cashflow/yr

£1,154

ROI

1%

Gross Yield

5%

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 
£450K01/230.01 mi13, Peartree Gardens, Romford, Greater London RM7 8HT3
£360K09/210.02 mi7, Peartree Gardens, Romford, Greater London RM7 8HT3
£435K10/210.02 mi9, Peartree Gardens, Romford, Greater London RM7 8HT3
£338K06/210.02 mi251, Cross Road, Mawneys, Romford, Greater London RM7 8HS3
£380K03/210.02 mi262, Cross Road, Mawneys, Romford, Greater London RM7 8HS3
£425K06/210.08 mi38, Elm Road, Romford, Greater London RM7 8HH3
£300K06/210.09 mi9, Victory Way, Romford, Greater London RM7 8PB3
£495K01/230.11 mi3, Elm Close, Romford, Greater London RM7 8HP3
£510K01/230.11 mi8, Elm Close, Romford, Greater London RM7 8HP3
£360K05/210.12 mi70, White Hart Lane, Romford, Greater London RM7 8JB3
£425K09/210.14 mi421, Mawney Road, Romford, Greater London RM7 8PX3
£485K11/220.14 mi431, Mawney Road, Romford, Greater London RM7 8PX3
£365K06/210.15 mi81, Lynton Avenue, Romford, Greater London RM7 8NH3
£525K03/230.15 mi119, Lynton Avenue, Romford, Greater London RM7 8NH3
£350K10/200.16 mi72, Lynton Avenue, Romford, Greater London RM7 8NL3
£425K04/210.17 mi3, Norman Close, Romford, Greater London RM5 3EJ3
£495K02/230.18 mi6, Norman Close, Romford, Greater London RM5 3EJ3
£445K01/230.19 mi10, Howe Close, Romford, Greater London RM7 8JL3
£425K11/200.19 mi9, Howe Close, Romford, Greater London RM7 8JL3
£440K03/230.19 mi15, Clovelly Gardens, Romford, Greater London RM7 8NP3
£430K08/230.19 mi90, White Hart Lane, Collier Row, Romford, Greater London RM7 8JJ3
£420K10/210.2 mi494, Mawney Road, Romford, Greater London RM7 8QB3
£465K11/220.2 mi454, Mawney Road, Romford, Greater London RM7 8QB3
£510K07/230.2 mi432, Mawney Road, Romford, Greater London RM7 8QB3
£425K06/210.2 mi442, Mawney Road, Romford, Greater London RM7 8QB3
£520K05/230.2 mi450, Mawney Road, Romford, Greater London RM7 8QB3
£350K03/210.21 mi19, Kenway, Romford, Greater London RM5 3EH3
£442K02/230.23 mi10, Raider Close, Romford, Greater London RM7 8PJ3
£385K03/210.23 mi27, Redriff Road, Romford, Greater London RM7 8HD3
£670K10/220.24 mi1, Kenway, Romford, Greater London RM5 3EH3
£525K12/220.24 mi255, Collier Row Lane, Romford, Greater London RM5 3JA3
£460K09/220.24 mi241, Collier Row Lane, Romford, Greater London RM5 3JA3
£540K01/230.25 mi386, Mawney Road, Romford, Greater London RM7 8QP3
£447K02/230.26 mi29, Lynton Avenue, Romford, Greater London RM7 8NR3
£435K03/230.26 mi6, Lynton Avenue, Romford, Greater London RM7 8NR3
£480K03/210.27 mi232, Collier Row Lane, Romford, Greater London RM5 3JB3
£452K10/220.27 mi192, Collier Row Lane, Romford, Greater London RM5 3JB3
£500K06/210.27 mi141, Collier Row Lane, Romford, Greater London RM5 3HL3
£425K08/230.27 mi13, Hulse Avenue, Romford, Greater London RM7 8NT3
£500K06/210.27 mi141, Collier Row Lane, Romford, Greater London RM5 3HL3
£375K03/210.29 mi106, White Hart Lane, Romford, Greater London RM7 8LX3
£383K05/210.29 mi134, White Hart Lane, Romford, Greater London RM7 8LX3
£400K03/210.29 mi112, White Hart Lane, Collier Row, Romford, Greater London RM7 8LX3
£500K02/230.29 mi119, White Hart Lane, Collier Row, Romford, Greater London RM7 8LX3
£398.3K07/210.32 mi21, Lowshoe Lane, Romford, Greater London RM5 2AA3
£360K01/210.32 mi47, Lowshoe Lane, Romford, Greater London RM5 2AA3
£400K04/210.33 mi10, Goring Close, Romford, Greater London RM5 3JD3
£341K03/210.33 mi15, Hillfoot Avenue, Romford, Greater London RM5 3LJ3
£400K11/200.33 mi3, Hazel Crescent, Romford, Greater London RM5 2AL3
£437.5K11/200.33 mi16, Hazel Crescent, Romford, Greater London RM5 2AL3

Local Rents

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

RentDateDistanceAddressBeds 
£2,20007/240.02 miCross Road, Romford, London, RM73
£2,20010/240.05 mi-3
£2,25001/250.09 mi-3
£2,00009/240.15 miRomford,RM7 8QD3
£2,10003/250.18 mi-3
£2,20009/240.19 mi-3
£2,20009/240.19 mi-3
£2,00003/250.19 mi-3
£2,00008/240.21 miKenway - Romford - RM53
£2,00008/240.22 miLynton Avenue, Romford, RM73
£2,25002/250.25 mi-3
£2,10008/240.26 miLynton Avenue, Romford 3
£2,50007/240.31 mi-3
£2,00007/240.32 mi-3
£1,85007/240.34 miPercy Road, Romford3
£2,10002/240.36 mi-3
£2,10001/240.36 mi-3
£1,70002/240.39 mi-3
£1,80001/240.4 mi-3
£1,75009/240.44 miCollier Row Road, Romford, London, RM53
£2,15011/240.44 mi-3
£2,05011/240.44 mi-3
£1,85002/250.44 mi-3
£2,40008/240.45 mi-3
£2,00008/240.46 miNolands Close, Romford3
£2,30003/250.46 mi-3
£2,25008/240.48 miFerndale Road, RM53
£2,25008/240.48 miFerndale Road, RM5 3ER3
£2,10012/240.48 mi-3
£2,20007/240.5 miHainault Road, Romford, Essex. RM53
£2,00012/240.52 mi-3
£1,92012/230.52 mi-3
£1,92012/230.52 mi-3
£2,10004/250.53 mi-3
£2,75012/240.54 mi-3
£2,20012/240.55 mi-3
£2,20009/240.57 mi-3
£2,00008/240.57 miHavering Road, Romford, RM13
£2,00008/240.59 miHavering Road - Rise Park - RM13
£2,50007/240.59 miHavering Road, Romford, RM13

Local Area Statistics

Population in RM7

27,411

Population in Romford

124,481

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

1.58 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 24, 2025

Floor Plans

Description

  • IMMACULATE CONDITION +
  • OFF-STREET PARKING FOR 2 CARS +
  • PERFECT FOR FIRST TIME BUYERS +
  • POTENTIAL TO EXTEND STPP +
  • GREAT TRANSPORT LINKS TO ROMFORD STATION (ELIZABETH LINE) +
  • WALKING DISTANCE TO AMAZING SCHOOLS +
  • DETACHED GARAGE +

Located in Peartree Gardens, this well-presented terraced house offers a comfortable family living experience. With three bedrooms and a bathroom, it provides ample space for a growing family. The property is in immaculate condition, ensuring a smooth transition for first-time buyers or those looking to upgrade.

The property includes an outhouse in the garden, adding versatility for use as a home office or additional storage. Off-street parking for two cars provides convenience and security. The freehold tenure offers peace of mind and long-term stability.

Situated within walking distance to excellent local schools, this home is ideal for families prioritising education. Its proximity to Romford Station on the Elizabeth Line ensures easy commuting options. Don't miss the opportunity to explore the potential to extend, subject to planning permission.

With its attractive features and prime location, this property is sure to garner interest quickly. Reach out today to learn more about making this house your new home.

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 💪