3 Bed Terraced House, Planning Permission, Hornchurch, RM12 5SL, £450,000

Lancaster Drive, Hornchurch, RM12 5SL - 2 months ago

Sold STC
Planning
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£310K - £580K
Sold Prices/m²£3.9K/m² - £10.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£464,616
BMV3%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Total Cash In

£148,700

 

 

Cash Out

 

Rent Range

£1,500 - £2,400

Rent Estimate

£1,631

Running Costs/mo

£1,752

Cashflow/mo

£-121

Cashflow/yr

£-1,457

Gross Yield

4%

Local Sold Prices

49 sold prices from £310K to £580K, average is £430K. £3.9K/m² to £10.4K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£350K11/200.05 mi471, South End Road, Hornchurch, Greater London RM12 5NX3
£345K12/200.06 mi454, South End Road, Hornchurch, Greater London RM12 5PA3
£515K06/230.06 mi158, Lancaster Drive, Hornchurch, Greater London RM12 5SL3
£455K09/210.07 mi449, South End Road, Hornchurch, Greater London RM12 5NX3
£540K07/240.08 mi123, Laburnum Walk, Elm Park, Hornchurch, Greater London RM12 5RJ3
£474K03/210.08 mi102, Laburnum Walk, Hornchurch, Greater London RM12 5RJ3
£475K12/200.08 mi107, Laburnum Walk, Hornchurch, Greater London RM12 5RJ3
£486K07/230.08 mi116, Laburnum Walk, Elm Park, Hornchurch, Greater London RM12 5RJ3
£425K12/230.09 mi67, Calbourne Avenue, Hornchurch, Greater London RM12 5BH3
£467.5K01/240.1 mi36, Farm Way, Hornchurch, Greater London RM12 5SS3
£390K11/200.1 mi34, Farm Way, Hornchurch, Greater London RM12 5SS3
£310K06/210.11 mi24, Elms Farm Road, Hornchurch, Greater London RM12 5RD3
£310K06/210.11 mi24, Elms Farm Road, Hornchurch, Greater London RM12 5RD3
£510K09/230.11 mi50, Elms Farm Road, Hornchurch, Greater London RM12 5RD3
£390K04/240.12 mi50, Calbourne Avenue, Hornchurch, Greater London RM12 5BJ3
£465K02/230.13 mi81, Elms Farm Road, Hornchurch, Greater London RM12 5RH3
£410K12/200.13 mi85, Elms Farm Road, Hornchurch, Greater London RM12 5RH3
£460K12/200.13 mi87, Elms Farm Road, Hornchurch, Greater London RM12 5RH3
£400K11/200.14 mi51, Arbour Way, Hornchurch, Greater London RM12 5BS3
£525K12/220.14 mi442, South End Road, Hornchurch, Greater London RM12 5PA3
£390K11/200.15 mi596, South End Road, Hornchurch, Greater London RM12 5UB3
£425K06/230.15 mi560, South End Road, Hornchurch, Greater London RM12 5UB3
£425K10/230.16 mi24, Laburnum Walk, Elm Park, Hornchurch, Greater London RM12 5RL3
£416.5K01/240.16 mi52, Fernbank Avenue, Hornchurch, Greater London RM12 5RB3
£460K10/230.17 mi517, South End Road, Hornchurch, Greater London RM12 5TX3
£410K06/210.18 mi17, Laburnum Walk, Hornchurch, Greater London RM12 5RP3
£450K01/240.18 mi21, Laburnum Walk, Elm Park, Hornchurch, Greater London RM12 5RP3
£510K01/230.18 mi37, Laburnum Walk, Elm Park, Hornchurch, Greater London RM12 5RP3
£522K02/230.18 mi60, Lancaster Drive, Hornchurch, Greater London RM12 5ST3
£373K02/210.18 mi80, Rosebank Avenue, Hornchurch, Greater London RM12 5QS3
£430K06/210.18 mi72, Rosebank Avenue, Hornchurch, Greater London RM12 5QS3
£425K12/230.18 mi88, Rosebank Avenue, Hornchurch, Greater London RM12 5QS3
£430K11/210.19 mi34, Spring Gardens, Hornchurch, Greater London RM12 5BQ3
£536K09/230.19 mi5, Rosebank Avenue, Hornchurch, Greater London RM12 5QX3
£416K07/240.19 mi43, Rosebank Avenue, Hornchurch, Greater London RM12 5QX3
£560K05/240.19 mi59, Coronation Drive, Hornchurch, Greater London RM12 5BT3
£425K12/200.2 mi21, Coronation Drive, Hornchurch, Greater London RM12 5BL3
£460K03/230.2 mi32, Maybank Avenue, Hornchurch, Greater London RM12 5SB3
£402K11/230.2 mi34, Maybank Avenue, Hornchurch, Greater London RM12 5SB3
£490K02/210.2 mi46, Maybank Avenue, Hornchurch, Greater London RM12 5SB3
£580K08/230.21 mi9, Springbank Avenue, Hornchurch, Greater London RM12 5QT3
£430K01/210.21 mi39, Spring Gardens, Hornchurch, Greater London RM12 5BG3
£457.5K02/230.22 mi52, Maybank Avenue, Hornchurch, Greater London RM12 5SD3
£460K08/240.22 mi41, Maybank Avenue, Hornchurch, Greater London RM12 5SD3
£383K09/210.22 mi72, Maybank Avenue, Hornchurch, Greater London RM12 5SD3
£363K02/230.24 mi86, Diban Avenue, Hornchurch, Greater London RM12 4YF3
£400K01/210.24 mi24, Ambleside Avenue, Hornchurch, Greater London RM12 5ES3
£425K02/210.24 mi167, Rosebank Avenue, Hornchurch, Greater London RM12 5QR3
£438K12/200.25 mi7, Laburnum Walk, Hornchurch, Greater London RM12 5RP3

Local Rents

29 rents from £1.5K/mo to £2.4K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,40012/240.16 mi-3
£1,95007/240.18 miLaburnum Walk, Hornchurch, RM123
£2,20003/250.18 mi-3
£1,80008/240.21 miSpring Gardens, Hornchurch, London, RM123
£1,79504/250.3 mi-3
£1,50007/240.32 miThe Broadway, Hornchurch, London, RM123
£1,85008/240.34 miCarnforth Gardens, Hornchurch, London, RM123
£2,30008/240.38 miLangdale Gardens, Hornchurch, London, RM123
£1,90012/240.4 mi-3
£1,70007/240.4 miElm Park Avenue, Elm Park, Hornchurch, Essex3
£2,10007/240.41 mi-3
£2,15003/250.41 mi-3
£2,40007/240.41 mi-3
£1,90008/240.43 miTangmere Crescent | Hornchurch | RM123
£2,40007/240.43 mi-3
£1,85004/250.43 mi-3
£2,05008/240.44 miBonington Road, London, RM123
£2,00012/240.44 mi-3
£2,25008/240.44 miElm Park Avenue, Hornchurch, Essex, Hornchurch, Essex, RM123
£2,00008/240.45 miElm Park3
£2,10012/240.46 mi-3
£2,00008/240.49 miUllswater Way, Elm Park, HORNCHURCH, Essex, RM123
£1,80008/240.52 miWindermere Avenue, Hornchurch, RM123
£2,30003/250.55 mi-3
£1,65007/240.56 miTempest Way Rainham Essex3
£1,80007/240.6 miSuttons Lane Hornchurch3
£1,85008/240.6 miMidhurst Close, Hornchurch3
£2,25002/250.61 mi-3
£2,20002/240.61 mi-3

Local Area Statistics

Population in RM12

34,603

Population in Hornchurch

65,974

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £450,000

March 10, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • TWO RECEPTIONS +
  • OFF STREET PARKING +
  • BEAUITFUL GARDEN +
  • TWO BATHROOMS +
  • CLOSE TO ALL AMENITIES +
  • VIEWING IS A MUST +

Welcome to Lancaster Drive, a charming 3-bedroom terraced house that’s ready to become a loving home for a new family. As you step inside, you are greeted by an inviting hallway that sets the tone for the rest of the property, offering a warm and welcoming atmosphere.

The house has been thoughtfully extended to the rear, providing a larger kitchen and a convenient downstairs WC. The two spacious reception rooms offer great flexibility for family living, with plenty of space for both relaxation and entertaining.

Upstairs, you’ll find three good-sized bedrooms, each with ample natural light, along with a traditional 3-piece bathroom suite, offering a comfortable space for the family.

Outside, the mature garden is a peaceful oasis, perfect for outdoor gatherings or a quiet retreat. The front driveway provides off-street parking, adding convenience to this lovely family home.

While the property is waiting for the right family to bring their personal touch, it offers a solid foundation and fantastic potential to make it your own. Situated in a desirable area, this home provides a wonderful opportunity for those looking to settle in a welcoming community.

We highly recommend booking a viewing to truly appreciate the potential of this lovely home.

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?

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