3 Bed Semi-Detached House, Planning Permission, Romford, RM2 6JA, £540,000

Upper Brentwood Road, Romford, Essex, RM2 6JA - 2 months ago

Sold STC
Planning
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£400K - £815K
Sold Prices/m²£3.7K/m² - £7.2K/m²

 

 

Square Metres

~93 m²
Price/m²£5.8K/m²

Value Estimate

£490,780

 

 

End Value (After Refurb)

£530,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£135,000

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£46,800

Bridging Loan Interest

£14,175

Total Cash In

£240,425

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£530,000

Mortgage (After Refinance)

£397,500

Mortgage LTV

75%

Cash Left In

£240,425

Equity

£132,500

Rent Range

£1,700 - £2,800

Rent Estimate

£2,206

Running Costs/mo

£2,117

Cashflow/mo

£89

Cashflow/yr

£1,063

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £400K to £815K, average is £490K. £3.7K/m² to £7.2K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£630K09/210.04 mi19, Belgrave Avenue, Romford, Greater London RM2 6QD3
£530K07/230.04 mi12, Belgrave Avenue, Romford, Greater London RM2 6QD3
£580K05/210.04 mi7, Belgrave Avenue, Romford, Greater London RM2 6QD3
£557.5K11/200.05 mi511, Upper Brentwood Road, Romford, Greater London RM2 6LD3
£580K03/210.06 mi538, Upper Brentwood Road, Romford, Greater London RM2 6HX3
£490K07/230.06 mi530, Upper Brentwood Road, Romford, Greater London RM2 6HX3
£580K03/210.06 mi504, Upper Brentwood Road, Romford, Greater London RM2 6JA3
£565K12/200.06 mi512, Upper Brentwood Road, Romford, Greater London RM2 6JA3
£555K01/210.07 mi14, Warwick Gardens, Romford, Greater London RM2 6QS3
£460K02/210.11 mi154, Cambridge Avenue, Romford, Greater London RM2 6RA3
£612.5K08/220.12 mi27, Belgrave Avenue, Romford, Greater London RM2 6QB3
£475K04/210.12 mi54, Cambridge Avenue, Romford, Greater London RM2 6QU3
£550K06/210.14 mi564, Upper Brentwood Road, Romford, Greater London RM2 6HU3
£515K06/210.14 mi574, Upper Brentwood Road, Romford, Greater London RM2 6HU3
£490K11/210.15 mi33, Montrose Avenue, Romford, Greater London RM2 6RH3
£501K07/230.15 mi24, Montrose Avenue, Romford, Greater London RM2 6RH3
£810K03/210.15 mi32, Castellan Avenue, Romford, Greater London RM2 6EJ3
£420K09/210.17 mi80, Amery Gardens, Romford, Greater London RM2 6RU3
£415K01/210.17 mi14, Amery Gardens, Romford, Greater London RM2 6RU3
£466.3K02/230.17 mi40, Amery Gardens, Romford, Greater London RM2 6RU3
£455K06/210.17 mi27, Amery Gardens, Romford, Greater London RM2 6RX3
£440K04/210.17 mi537, Upper Brentwood Road, Romford, Greater London RM2 6LH3
£636K06/230.2 mi4, Ferguson Avenue, Romford, Greater London RM2 6RB3
£475K03/210.2 mi6, Redfern Gardens, Romford, Greater London RM2 6PY3
£700K12/210.21 miSouth Lodge, South Drive, Romford, Greater London RM2 6HH3
£452K05/210.21 mi13, Clunas Gardens, Romford, Greater London RM2 6RT3
£400K04/210.21 mi8, Clunas Gardens, Romford, Greater London RM2 6RT3
£430K11/210.24 mi128, Belgrave Avenue, Romford, Greater London RM2 6PU3
£450K12/200.24 mi78, Belgrave Avenue, Romford, Greater London RM2 6PU3
£500K08/220.24 mi130, Belgrave Avenue, Romford, Greater London RM2 6PU3
£430K05/210.25 mi87, Ferguson Avenue, Romford, Greater London RM2 6RP3
£540K11/220.26 mi17, Farnes Drive, Romford, Greater London RM2 6NS3
£618K04/210.26 mi11, Compton Avenue, Romford, Greater London RM2 6ET3
£490K06/210.26 mi12, Compton Avenue, Romford, Greater London RM2 6ET3
£535K01/230.26 mi4, Farnes Drive, Romford, Greater London RM2 6NS3
£400K06/210.28 mi55, Farnes Drive, Romford, Greater London RM2 6NT3
£560K09/220.28 mi55, Farnes Drive, Romford, Greater London RM2 6NT3
£437.5K06/210.28 mi49, Farnes Drive, Romford, Greater London RM2 6NT3
£485K03/230.28 mi79, Amery Gardens, Romford, Greater London RM2 6RS3
£490K01/210.29 mi2, The Limes, Hornchurch, Greater London RM11 2GT3
£405K11/200.3 mi19, Durham Avenue, Romford, Greater London RM2 6JJ3
£415K06/210.3 mi15, Durham Avenue, Romford, Greater London RM2 6JJ3
£440K03/210.3 mi100, Amery Gardens, Romford, Greater London RM2 6RR3
£480K10/210.3 mi124, Amery Gardens, Romford, Greater London RM2 6RR3
£450K10/220.31 mi118, Amery Gardens, Romford, Greater London RM2 6RR3
£493K01/230.32 mi5, Oxley Close, Romford, Greater London RM2 6NX3
£400K02/210.32 mi3, Oxley Close, Romford, Greater London RM2 6NX3
£695K06/210.33 mi10, Cranbrook Drive, Gidea Park, Romford, Greater London RM2 6AP3
£815K01/210.33 mi32, Wallenger Avenue, Romford, Greater London RM2 6ER3
£407K12/200.36 mi114, Southend Arterial Road, Gidea Park, Romford, Greater London RM2 6PR3

Local Rents

36 rents from £1.7K/mo to £2.8K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,62508/240.15 miMontrose Avenue, Romford, RM23
£2,62508/240.15 miMontrose Avenue - Gidea Park - RM23
£2,62508/240.16 miMontrose Avenue, Romford, RM23
£2,20012/240.17 mi-3
£2,40008/240.17 miBelgrave Avenue, Romford, Essex, RM23
£1,90008/240.29 miKidman Close, Gidea Park, RM23
£1,90007/240.31 miSouthend Arterial Road, Romford, RM23
£1,95012/240.31 mi-3
£1,95012/240.31 mi-3
£1,95008/240.31 miStafford Avenue, Hornchurch, RM113
£1,95012/240.31 miStafford Avenue, Hornchurch, RM113
£2,30008/240.32 miOxley Close, Romford, London, RM23
£2,20007/240.33 mi-3
£1,85007/240.33 mi-3
£2,50008/240.35 miAlpen Close, Gidea Park, RM23
£2,50008/240.35 miAlpen Close, Gidea Park, RM23
£2,70008/240.37 miAlpen Close, RM23
£2,10004/250.38 mi-3
£1,85007/240.46 miBennison Drive, Romford, RM33
£2,00008/240.49 miArdleigh Green Road, RM113
£2,25008/240.49 miHaynes Road, Hornchurch, Essex, RM113
£2,00008/240.51 miBalgores Lane, Gidea Park, Romford, Essex, RM2 5JU3
£1,70008/240.51 miBalgores Lane, Gidea Park, Romford, RM2 6BP3
£2,40008/240.53 miHeath Drive, Romford, RM23
£2,40007/240.56 miJarvis Way, Harold Wood, Romford, RM33
£2,15004/250.57 mi-3
£1,95008/240.58 miNorthumberland Avenue, Hornchurch, Essex, RM113
£2,80008/240.58 miArdleigh Green Road, Hornchurch3
£2,70010/240.58 mi-3
£2,70008/240.58 miNightingale Crescent, Harold Wood, Romford, RM33
£2,30010/240.59 mi-3
£2,39508/240.59 miNightingale Crescent, Harold Wood, Romford, RM33
£1,90007/240.59 miHarwood Avenue, Ardleigh Green, Hornchurch3
£1,90007/240.6 miHarwood Avenue, Hornchurch, Essex, RM113
£1,90008/240.61 miBell Avenue - Heaton Grange - RM33
£1,90008/240.61 miCarlton Road, Romford, RM23

Local Area Statistics

Population in RM2

13,240

Population in Romford

124,481

Town centre distance

1.26 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £540,000

March 8, 2025

Floor Plans

Description

  • 3 BEDROOMS +
  • 2 BATHROOMS (ONE ON EACH FLOOR) +
  • 2 RECEPTION ROOMS +
  • FITTED KITCHEN +
  • ANNEX ROOM +
  • LARGE REAR & FRONT GARDENS +
  • GARAGE AND PARKING AT REAR +
  • 3 MINUTES FROM GIDEA PARK STATION +
  • CLOSE TO SHOPS, SCHOOLS AND TRANSPORT LINKS +
  • PLANNING PERMISSION GRANTED TO EXTEND +

Spacious 3 bedroom, 2 bathroom family home with 2 reception rooms, fitted kitchen, annex room and large rear and front gardens. Add to this a double length garage with hard standing for parking at the rear and you have the perfect setting to make your dream family home. The property comprises of; on the ground floor, 2 large reception rooms, fitted kitchen, ground floor shower room and separate attached annex room and on the first floor 3 bedrooms and the family bathroom. Huge potential to expand with planning already granted. The large rear garden has a raised patio terrace ideal for ‘Al Fresco’ dining and a range of established trees and shrubs and has direct access to the garage with off street parking behind. Large garden to the front with lawns and border gardens and own separate door to the annex. This is a super property in a sought-after location. Close to good schools, and close to amenities, shops and transport links with A12/M25 & A127 all close by. Gidea Park Station (Elizabeth Line) is just 3 minutes by car or a 13-minute walk and Romford Station is 7 mins by car. This house has everything you could want to make your dream family home. Planning permission has been granted for: Part single, part two storey side/rear extension. Replacement front porch and raised patio with steps to the rear.
Council tax band: E

Agent Details

Keller Williams Plus, Covering Nationwide

020 3892 9627

Next Steps?

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