3 Bed Semi-Detached House, Refurb/BRRR, Hornchurch, RM12 4BA, £400,000

Carfax Road, Hornchurch, RM12 4BA - 1 views - a month ago

Sold STC
Refurb/BRRR
Planning
ROI: 2%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£320K - £510K
Sold Prices/m²£3.7K/m² - £6.8K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£412,000
BMV3%

 

 

End Value (After Refurb)

£416,053

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£46,800

Bridging Loan Interest

£10,500

Total Cash In

£187,750

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£416,053

Mortgage (After Refinance)

£312,039

Mortgage LTV

75%

Cash Released

£12,039

Cash Left In

£175,711

Equity

£104,013

Rent Range

£1,500 - £2,400

Rent Estimate

£2,058

Running Costs/mo

£1,732

Cashflow/mo

£326

Cashflow/yr

£3,915

ROI

2%

Gross Yield

6%

Local Sold Prices

49 sold prices from £320K to £510K, average is £415K. £3.7K/m² to £6.8K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£390K10/230.05 mi5, Harvard Walk, Hornchurch, Greater London RM12 4BB3
£320K11/200.06 mi377, Elm Park Avenue, Hornchurch, Greater London RM12 4PE3
£405K11/200.06 mi379, Elm Park Avenue, Hornchurch, Greater London RM12 4PE3
£385K04/240.08 mi28, Yale Way, Hornchurch, Greater London RM12 4BD3
£385K01/240.08 mi10, Yale Way, Hornchurch, Greater London RM12 4BD3
£428K07/230.11 mi289, Warren Drive, Hornchurch, Greater London RM12 4PW3
£426K03/230.13 mi14, Midhurst Close, Hornchurch, Greater London RM12 4LX3
£370K03/210.13 mi23, Cowdray Way, Hornchurch, Greater London RM12 4AX3
£380K11/230.15 mi6, Petworth Way, Hornchurch, Greater London RM12 4LR3
£460K05/230.19 mi112, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5DX3
£375K03/210.19 mi104, St Andrews Avenue, Hornchurch, Greater London RM12 5DX3
£332.5K05/210.19 mi174, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5DX3
£395K12/200.19 mi14, Northwood Avenue, Hornchurch, Greater London RM12 4PX3
£410K06/210.19 mi50, Northwood Avenue, Hornchurch, Greater London RM12 4PX3
£387K04/210.19 mi36, Northwood Avenue, Hornchurch, Greater London RM12 4PX3
£440K06/240.2 mi262, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PQ3
£385K11/210.2 mi240, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PQ3
£420K12/200.2 mi280, Elm Park Avenue, Hornchurch, Greater London RM12 4PQ3
£420K02/210.2 mi232, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PQ3
£440K06/240.2 mi5, Northwood Avenue, Hornchurch, Greater London RM12 4PU3
£425K02/210.21 mi34, Woodcote Avenue, Hornchurch, Greater London RM12 4PZ3
£415K12/230.21 mi6, Woodcote Avenue, Hornchurch, Greater London RM12 4PZ3
£400K11/230.21 mi85, Woburn Avenue, Hornchurch, Greater London RM12 4NQ3
£385K12/200.21 mi47, Northwood Avenue, Hornchurch, Greater London RM12 4PU3
£425K11/210.21 mi41, Northwood Avenue, Hornchurch, Greater London RM12 4PU3
£400K03/210.21 mi51, Northwood Avenue, Hornchurch, Greater London RM12 4PU3
£403K04/210.21 mi67, Northwood Avenue, Hornchurch, Greater London RM12 4PU3
£417.5K01/230.21 mi67, Woburn Avenue, Hornchurch, Greater London RM12 4NQ3
£455K09/230.21 mi28, Woburn Avenue, Hornchurch, Greater London RM12 4NG3
£450K06/240.21 mi16b, Woburn Avenue, Hornchurch, Greater London RM12 4NG3
£510K07/240.21 mi12, Woburn Avenue, Hornchurch, Greater London RM12 4NG3
£345K12/200.21 mi246, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PQ3
£338K03/210.22 mi115, St Andrews Avenue, Hornchurch, Greater London RM12 5EA3
£415K03/240.22 mi43, Woodcote Avenue, Hornchurch, Greater London RM12 4PY3
£435K04/210.22 mi47, Woodcote Avenue, Hornchurch, Greater London RM12 4PY3
£386K06/210.22 mi43, Woodcote Avenue, Hornchurch, Greater London RM12 4PY3
£320K03/210.22 mi263, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PG3
£450K04/230.22 mi309, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PG3
£350K09/210.23 mi240, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5EB3
£415K06/240.23 mi4, Coniston Way, Hornchurch, Greater London RM12 5EJ3
£380K12/200.24 mi74, Windermere Avenue, Hornchurch, Greater London RM12 5ER3
£460K12/200.24 mi91, Windermere Avenue, Hornchurch, Greater London RM12 5ER3
£470K09/230.24 mi166, Eyhurst Avenue, Hornchurch, Greater London RM12 4NW3
£475K02/230.24 mi124, Eyhurst Avenue, Hornchurch, Greater London RM12 4NW3
£425K02/230.26 mi224, Elm Park Avenue, Elm Park, Hornchurch, Greater London RM12 4PQ3
£495K05/230.26 mi45, Windermere Avenue, Hornchurch, Greater London RM12 5EP3
£425K11/230.27 mi109, Eyhurst Avenue, Hornchurch, Greater London RM12 4NN3
£476K11/210.28 mi249, Warren Drive, Hornchurch, Greater London RM12 4PL3
£460K05/230.3 mi59, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5DU3

Local Rents

23 rents from £1.5K/mo to £2.4K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,85008/240.13 miMidhurst Close, Hornchurch3
£2,30003/250.14 mi-3
£2,00008/240.2 miElm Park3
£2,25002/250.21 mi-3
£2,25008/240.21 miElm Park Avenue, Hornchurch, Essex, Hornchurch, Essex, RM123
£1,85004/250.24 mi-3
£2,10007/240.25 mi-3
£2,15003/250.25 mi-3
£1,80008/240.25 miWindermere Avenue, Hornchurch, RM123
£2,40007/240.26 mi-3
£1,90012/240.32 mi-3
£1,50007/240.35 miThe Broadway, Hornchurch, London, RM123
£2,00008/240.35 miUllswater Way, Elm Park, HORNCHURCH, Essex, RM123
£1,85008/240.36 miCarnforth Gardens, Hornchurch, London, RM123
£2,10012/240.38 mi-3
£2,30008/240.38 miLangdale Gardens, Hornchurch, London, RM123
£2,40007/240.39 mi-3
£2,40003/250.42 mi-3
£1,80008/240.46 miSpring Gardens, Hornchurch, London, RM123
£2,05008/240.46 miRainham Road, Rainham, Havering, London, RM133
£2,20003/250.49 mi-3
£2,40012/240.53 mi-3
£1,62512/240.55 mi-3

Local Area Statistics

Population in RM12

34,603

Population in Hornchurch

65,974

Town centre distance

1.27 miles away

Nearest school

0.50 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £400,000

March 10, 2025

Floor Plans

Description

  • NO CHAIN +
  • THREE BEDROOMS +
  • TWO BATHROOMS +
  • OFF STREET PARKING +
  • KITCHEN/DINER +
  • GREAT FAMILY HOME +
  • GARAGE IN BLOCK +

*GUIDE PRICE OF £400,000-£425,000*

10 Carfax Road, Hornchurch, is a spacious 3-bedroom semi-detached house offering excellent potential for buyers looking to modernise and personalise their home. This property provides a fantastic opportunity to create a comfortable living space while benefiting from a sought-after location.

The house features three good-sized bedrooms, making it an ideal choice for families or those needing extra space. With two bathrooms, including a family bathroom and an additional W/C, it ensures convenience for daily living. Although in need of modernisation throughout, this property offers a blank canvas for prospective buyers to update the interiors, from the kitchen and bathrooms to the overall décor, making it a great investment for those looking to add value.

There is off-street parking, providing secure parking for one or more vehicles.

Situated on a peaceful residential street, this property is located within easy reach of local amenities, schools, public transport links. Elm Park Station, offers easy access to central London. This home is perfect for those seeking a project in a desirable area, with the potential to create a modern family home. Viewing is highly recommended to fully appreciate the potential of this property.

MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. These particulars do not constitute part or all of an offer or contract. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
Potential buyers are advised to recheck the measurements before committing to any expense.
Together Homes has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. Together Homes has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Tenure: Freehold
Council Tax Band: D

We recommend our customers use our panel of Conveyancers/Solicitors. It is your decision whether you choose to deal with our recommendation, and you are under no obligation to do so. You should know that we may receive a referral fee of up to £400 per transaction from them.
Should you arrange a Mortgage through our recommended mortgage advisor, again of which there is no obligation we will receive a commission fee. The amount of commission will depend on the size of the loan and any associated products that you decide to take.
The Consumer Protection from Unfair Trading Regulations 2008 (CPRs).
These details are for guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance, verification should be obtained. They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given with regard to planning permissions or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included. Interested Parties are advised to check availability and make an appointment to view before travelling to see a property.

Agent Details

Together Homes, Elm Park

01708 207016

Next Steps?

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