3 Bed Semi-Detached House, Refurb/BRRR, Romford, RM1 4YU, £475,000

Garry Way, Romford, RM1 4YU - 2 views - 2 months ago

Refurb/BRRR
Planning
ROI: 1%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£355K - £630K
Sold Prices/m²£3.4K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.1K/m²

Value Estimate

£446,804

 

 

End Value (After Refurb)

£472,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£49,278

Bridging Loan Interest

£12,469

Total Cash In

£218,447

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£472,500

Mortgage (After Refinance)

£354,375

Mortgage LTV

75%

Cash Left In

£218,447

Equity

£118,125

Rent Range

£1,750 - £2,700

Rent Estimate

£2,180

Running Costs/mo

£1,933

Cashflow/mo

£247

Cashflow/yr

£2,969

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £355K to £630K, average is £448K. £3.4K/m² to £5.7K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£458K04/210.04 mi5, Garry Way, Romford, Greater London RM1 4YU3
£440K01/240.04 mi35, Garry Way, Romford, Greater London RM1 4YU3
£495K02/210.06 mi58, Garry Way, Romford, Greater London RM1 4YX3
£495K09/230.06 mi54, Garry Way, Romford, Greater London RM1 4YX3
£472.5K06/230.06 mi24, Garry Way, Romford, Greater London RM1 4YX3
£590K04/230.06 mi4, Garry Way, Romford, Greater London RM1 4YX3
£431K06/210.06 mi37, Spey Way, Romford, Greater London RM1 4YS3
£550K04/240.06 mi18, Spey Way, Romford, Greater London RM1 4YS3
£487.5K08/210.08 mi86, Garry Way, Romford, Greater London RM1 4AW3
£460K06/210.08 mi74, Garry Way, Romford, Greater London RM1 4AW3
£415K04/210.09 mi17, Spey Way, Romford, Greater London RM1 4YP3
£575K06/210.09 mi19, Spey Way, Romford, Greater London RM1 4YP3
£400K05/210.1 mi34, Helmsdale Close, Romford, Greater London RM1 4RS3
£460K03/210.1 mi5, Moray Close, Romford, Greater London RM1 4YJ3
£440K12/200.1 mi40, Glenton Way, Romford, Greater London RM1 4AG3
£442K10/230.1 mi25, Glenton Way, Romford, Greater London RM1 4AG3
£420K11/200.11 mi24, Helmsdale Road, Romford, Greater London RM1 4DW3
£405K12/200.13 mi18, Glenton Close, Romford, Greater London RM1 4AN3
£440K02/210.13 mi24, Glenton Close, Romford, Greater London RM1 4AN3
£446K09/210.13 mi34, Glenton Close, Romford, Greater London RM1 4AN3
£418K03/240.13 mi5, Glenton Close, Romford, Greater London RM1 4AN3
£485K05/230.13 mi70, Moray Way, Romford, Greater London RM1 4YL3
£470K02/240.14 mi7, Esk Way, Romford, Greater London RM1 4YH3
£420K02/240.14 mi404, Havering Road, Romford, Greater London RM1 4DE3
£355K05/210.14 mi390, Havering Road, Romford, Greater London RM1 4DE3
£425K04/230.15 mi3, Tweed Green, Romford, Greater London RM1 4BG3
£500K06/230.15 mi12, Greenock Way, Romford, Greater London RM1 4RT3
£445K06/230.15 mi8, Greenock Way, Romford, Greater London RM1 4RT3
£630K02/230.15 mi41, Clyde Way, Romford, Greater London RM1 4XT3
£525K05/230.16 mi60, Tweed Way, Romford, Greater London RM1 4AZ3
£450K12/210.17 mi4, Seaforth Close, Romford, Greater London RM1 4LR3
£565K02/230.17 mi9, Seaforth Close, Romford, Greater London RM1 4LR3
£425K06/210.17 mi80, Clyde Way, Romford, Greater London RM1 4UT3
£556K10/230.17 mi68, Clyde Way, Romford, Greater London RM1 4UT3
£490K05/240.18 mi48, Helmsdale Road, Romford, Greater London RM1 4DN3
£550K02/230.18 mi50, Helmsdale Road, Romford, Greater London RM1 4DN3
£430K10/200.18 mi55, Dee Way, Romford, Greater London RM1 4UU3
£460K10/230.18 mi64, Dee Way, Romford, Greater London RM1 4UU3
£365K02/210.18 mi60, Glenton Way, Romford, Greater London RM1 4AQ3
£390K10/200.19 mi3, Campbell Close, Romford, Greater London RM1 4SA3
£450K02/210.19 mi29, Ayr Way, Romford, Greater London RM1 4UH3
£500K11/220.22 mi1, Ayr Green, Romford, Greater London RM1 4UJ3
£435K09/210.23 mi401, Havering Road, Romford, Greater London RM1 4BN3
£435K09/210.23 mi401, Havering Road, Romford, Greater London RM1 4BN3
£435K09/210.23 mi401, Havering Road, Romford, Greater London RM1 4BN3
£428K11/220.23 mi442, Havering Road, Romford, Greater London RM1 4DF3
£510K03/240.23 mi36, Moray Way, Romford, Greater London RM1 4YD3
£400K11/210.24 mi40, Gobions Avenue, Romford, Greater London RM5 3SP3
£415K02/210.28 mi8, Wallace Way, Romford, Greater London RM1 4TG3
£505K08/230.29 mi8, Wallace Way, Romford, Greater London RM1 4TG3

Local Rents

18 rents from £1.8K/mo to £2.7K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,00012/230.08 mi-3
£2,00012/230.08 mi-3
£2,25007/240.11 miHelmsdale Road, Romford, London, RM13
£2,10008/240.18 mi-3
£2,00008/240.18 miGlenton Way, Romford, RM1 4AQ3
£2,10008/240.18 miGlenton Way, Romford, RM13
£2,40008/240.19 miHelmsdale Road, Romford3
£2,30004/250.26 mi-3
£2,20007/240.4 mi-3
£2,20007/240.4 miBartlow Gardens, Romford, RM53
£1,80008/240.48 miHavering Road - Rise Park - RM13
£2,65012/240.5 mi-3
£2,65011/240.5 mi-3
£1,80008/240.57 miHighfield Road, Essex, RM53
£2,40012/240.58 mi-3
£2,70003/250.6 mi-3
£2,40007/240.61 mi-3
£1,75007/240.61 miHighfield Road - Collier Row - RM53

Local Area Statistics

Population in RM1

20,053

Population in Romford

124,481

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

1.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £475,000

March 10, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • THREE BEDROOM 'JACKSON HOUSE' +
  • SOUTH FACING REAR GARDEN +
  • GARAGE ACCESSED VIA SHARED DRIVE +
  • CLOSE TO LOCAL PRIMARY & SECONDARY SCHOOLS +
  • SOUGHT AFTER LOCATION +

Located in the desirable Rise Park neighbourhood, this three-bedroom semi-detached 'Jackson' house offers a great opportunity for a discerning buyer. Being sold with no onward chain, this home is ready for its new owners. The south-facing rear garden provides a perfect setting for enjoying sunny afternoons with your loved ones. Inside, the property boasts spacious rooms, offering plenty of space for comfortable living. It's worth noting that some modernisation is needed, allowing the new owners to personalise this charming home. Additionally, the property has great potential for extension, subject to planning permission. There is potential for a dropped kerb and additional parking

The property's close proximity to local primary and secondary schools makes it an ideal choice for families seeking educational convenience. Moreover, its sought-after location provides easy access to Rise Park and Bedfords Park, making it an excellent choice for young families and dog owners alike.

EPC Rating: D

Agent Details

Accord Sales & Lettings, Romford

01708 205333

Next Steps?

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