2 Bed Flat, Planning Permission, Romford, RM3 0FQ, £310,000

Firwood Lane, Harold Wood, RM3 0FQ - 2 views - 2 months ago

Leasehold
Planning
ROI: 2%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£125K - £395K
Sold Prices/m²£2K/m² - £6.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£298,809

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£19,700

Total Cash In

£97,200

 

 

Cash Out

 

Rent Range

£1,250 - £1,500,350

Rent Estimate

£1,413

Running Costs/mo

£1,271

Cashflow/mo

£142

Cashflow/yr

£1,700

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £125K to £395K, average is £293.8K. £2K/m² to £6.9K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£315K01/210.11 mi15, Jarvis Way, Harold Wood, Romford, Greater London RM3 0WT2
£269K10/210.12 mi30, Cavell Crescent, Harold Wood, Romford, Greater London RM3 0WL2
£275K09/230.12 mi32, Cavell Crescent, Harold Wood, Romford, Greater London RM3 0WL2
£365K11/220.14 mi2, Watson Gardens, Harold Wood, Romford, Greater London RM3 0WZ2
£325K03/230.14 mi8, Watson Gardens, Harold Wood, Romford, Greater London RM3 0WZ2
£295K05/210.14 mi10, Watson Gardens, Harold Wood, Romford, Greater London RM3 0WZ2
£330K11/230.18 mi13, Pasteur Drive, Harold Wood, Romford, Greater London RM3 0ZD2
£292.5K06/210.19 mi8, Messant Close, Harold Wood, Romford, Greater London RM3 0WP2
£260K12/200.22 mi51, Juniper Way, Romford, Greater London RM3 0XQ2
£246K04/240.23 mi148, Sackville Crescent, Romford, Greater London RM3 0ED2
£212K03/210.23 mi146, Sackville Crescent, Romford, Greater London RM3 0ED2
£257.5K02/210.3 mi102, Sackville Crescent, Romford, Greater London RM3 0ED2
£250K04/210.3 mi25, Cornflower Way, Romford, Greater London RM3 0XY2
£262.5K04/230.33 mi8, Holdbrook Way, Romford, Greater London RM3 0JD2
£395K03/210.35 mi87, Arlington Gardens, Harold Wood, Romford, Greater London RM3 0EB2
£242.5K02/210.4 mi19, Ferguson Court, Romford, Greater London RM2 6RJ2
£258K06/210.4 mi29, Ferguson Court, Romford, Greater London RM2 6RJ2
£125K03/210.4 mi27, Ferguson Court, Romford, Greater London RM2 6RJ2
£265K02/230.4 mi37, Ferguson Court, Romford, Greater London RM2 6RJ2
£290K02/210.44 mi40, Athelstan Road, Romford, Greater London RM3 0QH2
£350K08/230.48 mi10, King Alfred Road, Romford, Greater London RM3 0QL2
£250K07/210.48 miFlat 3, Beech House, Cecil Avenue, Hornchurch, Greater London RM11 2LY2
£260K11/200.48 miFlat 4, Beech House, Cecil Avenue, Hornchurch, Greater London RM11 2LY2
£295K02/230.5 mi103, Redden Court Road, Romford, Greater London RM3 0UL2
£295K12/220.52 mi5a, Arundel Road, Romford, Greater London RM3 0RX2
£275K02/210.52 mi65, Ravensbourne Crescent, Romford, Greater London RM3 0UD2
£280K11/220.54 mi2, Owlets Hall Close, Hornchurch, Greater London RM11 3TS2
£270K12/200.57 mi31, Avenue Road, Harold Wood, Romford, Greater London RM3 0SS2
£323K11/220.61 mi20, Michael Gardens, Hornchurch, Greater London RM11 2LJ2
£285K05/230.62 mi161, Ardleigh Green Road, Hornchurch, Greater London RM11 2LF2
£350K09/220.62 mi21 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£350K01/230.62 mi19 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£300K09/220.62 mi11 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£326K06/230.62 mi48 South Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JH2
£300K10/210.62 mi41 South Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JH2
£341K02/210.62 mi10 South Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JH2
£310K07/230.62 mi46 South Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JH2
£330K03/210.63 mi2 The Engine House, The Railstore, Kidman Close, Romford, Greater London RM2 6JQ2
£314K10/210.63 mi10 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£307K11/220.63 mi2 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£300K04/230.63 mi18 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£315K03/210.63 mi28 North Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JN2
£325K11/200.63 mi47 South Block, The Railstore, Kidman Close, Romford, Greater London RM2 6JH2
£297K01/230.64 mi7, Avenue Close, Romford, Greater London RM3 0SX2
£240K03/230.64 mi9, Ramsay Gardens, Romford, Greater London RM3 7NT2
£295K01/230.64 mi56, Queens Park Road, Romford, Greater London RM3 0HJ2
£275K02/230.65 miFlat 29, Coopers Court, Kidman Close, Gidea Park, Romford, Greater London RM2 6GD2
£280.1K11/220.66 miFlat 22, Nyall Court, Kidman Close, Gidea Park, Romford, Greater London RM2 6GE2
£285K06/210.66 miFlat 54, Nyall Court, Kidman Close, Gidea Park, Romford, Greater London RM2 6GE2
£235K11/200.68 miFlat 86, Tallis Court, Kidman Close, Gidea Park, Romford, Greater London RM2 6GH2

Local Rents

39 rents from £1.3K/mo to £1.5M/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.02 mi-2
£1,70004/250.02 mi-2
£1,50004/250.02 mi-2
£1,70008/240.03 miPeriwinkle Court, St. Clements Avenue, Romford2
£1,80008/240.13 miMason Drive, Harold Wood, RM32
£1,65002/240.14 miSt. Clements Avenue, Romford, London, RM32
£2,00003/250.15 mi-2
£1,45008/240.17 miDouglas Avenue, Romford, Essex, RM32
£1,85009/240.22 mi1a St. Clements Avenue, Romford2
£1,70007/240.23 miPrimula Court, RM32
£2,00007/240.23 mi-2
£2,00004/250.23 mi-2
£1,85008/240.25 miSt. Clements Avenue, Harold Wood, RM32
£1,92503/250.25 mi-2
£1,85008/240.27 mi-2
£1,80008/240.28 miColumbine Way, Romford, London, RM32
£1,60003/250.3 mi-2
£1,80011/240.34 mi-2
£1,30008/240.34 miOakdene,Gubbins Lane,Harold Wood, Essex, RM32
£1,85007/240.35 mi63 Gubbins Lane, Romford, RM3 0NQ2
£1,75009/240.36 mi-2
£1,80003/250.36 mi-2
£1,50008/240.4 miFerguson Court - Gidea Park - RM22
£1,80007/240.41 miStation Road, Harold Wood, Romford, RM32
£2,05007/240.41 mi-2
£1,80007/240.43 miStation Road, Harold Wood, Romford, Essex, RM32
£1,65008/240.46 mi-2
£1,55001/250.47 mi-2
£1,50007/240.48 miEthelburga Road2
£1,60008/240.48 miGrangewood Court, Stafford Avenue, Hornchurch2
£1,65007/240.51 miGrangewood Court, Stafford Avenue, Hornchurch, RM112
£1,60008/240.51 miWoodgate Court, Hornchurch2
£1,50007/240.52 miHatherleigh Way, Harold Hill, Essex, RM32
£1,500,35010/230.53 miGillian Crescent, Romford, RM22
£1,70008/240.56 mi-2
£1,70011/240.56 mi-2
£1,70011/240.57 mi-2
£1,25007/240.58 mi-2
£1,55012/240.61 mi-2

Local Area Statistics

Population in RM3

40,267

Population in Romford

124,481

Town centre distance

1.84 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £310,000

February 27, 2025

Floor Plans

Description

  • Private Balcony +
  • Modern Development +
  • Open Plan Kitchen And Living +
  • Two Bedrooms +
  • Contemporary Bathroom +
  • Hallway Storage +

Private Balcony - Modern Development - Open Plan Kitchen And Living - Two Bedrooms - Contemporary Bathroom - Hallway Storage

Situated in the vibrant area of Harold Wood, this two bedroom property could be perfect for first time buyers and professionals alike.

Found on the third floor of a modern development, this apartment features open plan living, with a spacious kitchen and living room, which could be ideal for socialising or unwinding. The modern kitchen benefits from ample worktop and storage space whilst a practical island acts as a divide between the lounge area and kitchen. It’s through the lounge that we find direct access to a private balcony, offering a spot to enjoy some fresh air.

The primary bedroom is spacious and bright, with large windows allowing natural light to pour through. A second room offers a diverse layout, currently being used as a bedroom, but could be a cozy home office or luxury dressing room. Completing the apartment is a handy utility cupboard located in the hallway and a modern family bathroom.

Located in the Harold Wood area, this home benefits from good transportation links, such as Harold Wood Underground Station, which offers the Elizabeth Line services for access to central London, as well as excellent road connectivity in the way of A12 and A127. The area also boasts excellent local amenities, including boutique shops, cafes, and restaurants, as well as green spaces such as Harold Wood Park for enjoying the great outdoors.

Contact Durden & Hunt for a viewing!

Council Band C Havering

Leasehold, Years Remaining: 89
Ground Rent: We are advised there is no ground rent, buyers are advised to obtain their own verification.
Service Charge: £2,471.28 (19/02/2024 Invoice)

Consumer Protection from Unfair Trading Regulations 2008. Misrepresentations Act 1967. Property Misdescriptions Act 1991.

These details are prepared as a general guide only and should not be relied upon as a basis to enter a legal contract or to commit expenditure. The sales particulars may change in the course of time and any interested party is advised to make a final inspection of the property prior to exchange of contracts or signing of a tenancy agreement. Durden & Hunt have not tested any apparatus, equipment, fixtures and fittings or services. Items shown in photographs are not necessarily included. On occasion photographs may be owner supplied. On most occasions features and facilities of a property are owner advised and potential buyers/tenants are advised to confirm these. Please note that service charge, ground rent and lease lengths are subject to change, and the information we have supplied was true at time of instruction. References to the tenure, lease length, ground rent and service charges for any property are based on information supplied by the seller, buyers are advised to obtain verification of these stated figures from their solicitor before purchasing. Any mention of planning potential or planning permission is based on the current owners opinion, a potential buyer should assume that this is a speculative opinion only and is not based on planning permission being granted or professional advice, unless otherwise stated. Any reference to distance to stations, amenities or schools are taken from portal estimated distances, buyers are advised to do their own research on distances. Buyers/Tenants must check the availability of any property and make an appointment to view before embarking on any journey to see a property. Durden & Hunt are a proud member of The Property Ombudsmen.

Agent Details

Durden & Hunt, Hornchurch

01708 206998

Next Steps?

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