3 Bed Semi-Detached House, Planning Permission, Romford, RM3 9UE, £449,950

Kirby Close, Romford, London, RM3 9UE - 4 views - a month ago

Planning
ROI: 2%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£270K - £540K
Sold Prices/m²£3.2K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£423,732

 

 

End Value (After Refurb)

£400,637

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,488

Stamp Duty & Legal Fees

£33,695

Refurb Costs

£46,400

Bridging Loan Interest

£11,811

Total Cash In

£206,144

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£400,637

Mortgage (After Refinance)

£300,478

Mortgage LTV

75%

Cash Left In

£206,144

Equity

£100,159

Rent Range

£1,700 - £2,600

Rent Estimate

£2,119

Running Costs/mo

£1,696

Cashflow/mo

£423

Cashflow/yr

£5,078

ROI

2%

Gross Yield

6%

Local Sold Prices

49 sold prices from £270K to £540K, average is £392K. £3.2K/m² to £6.9K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£460K02/230 mi21, Kirby Close, Romford, Greater London RM3 9UE3
£407K01/240.06 mi23, Petersfield Close, Romford, Greater London RM3 9PS3
£345K03/230.07 mi46, Stratton Road, Romford, Greater London RM3 9UD3
£323K06/210.09 mi31, Tarnworth Road, Romford, Greater London RM3 9UP3
£425K02/230.11 mi10, Bedale Road, Romford, Greater London RM3 9TX3
£450K10/230.12 mi260, Petersfield Avenue, Romford, Greater London RM3 9XD3
£435K05/240.12 mi70, Bedale Road, Romford, Greater London RM3 9TU3
£368K02/210.12 mi21, Bedale Road, Romford, Greater London RM3 9TU3
£360K01/210.13 mi26, Bedale Road, Romford, Greater London RM3 9TX3
£360K01/210.13 mi26, Bedale Road, Romford, Greater London RM3 9TX3
£418K05/240.17 mi46, Tiverton Grove, Romford, Greater London RM3 9UA3
£320K12/200.17 mi33, Tiverton Grove, Romford, Greater London RM3 9UA3
£348K01/240.17 mi13, Dagnam Park Close, Romford, Greater London RM3 9YL3
£375K03/210.18 mi60, Redcar Road, Romford, Greater London RM3 9PT3
£385K02/230.18 mi21, Retford Path, Romford, Greater London RM3 9NL3
£366K03/210.19 mi5, Dagnam Park Square, Romford, Greater London RM3 9YP3
£340K03/210.19 mi16, Dagnam Park Square, Romford, Greater London RM3 9YP3
£420K03/230.19 mi25, Sheffield Drive, Romford, Greater London RM3 9YH3
£355K01/210.19 mi28, Redruth Road, Romford, Greater London RM3 9SL3
£435K08/210.19 mi64, Penrith Road, Romford, Greater London RM3 9NJ3
£460K02/230.2 mi6, Sheffield Gardens, Romford, Greater London RM3 9YJ3
£350K12/200.2 mi52, Dagnam Park Drive, Romford, Greater London RM3 9XP3
£385K06/210.22 mi9, Redruth Walk, Romford, Greater London RM3 9SJ3
£385K11/230.24 mi11, Oakley Drive, Romford, Greater London RM3 9XS3
£370K10/210.24 mi92, Retford Road, Romford, Greater London RM3 9ND3
£280K06/210.24 mi28, Colne Drive, Romford, Greater London RM3 9JX3
£390K06/240.24 mi85, St Neots Road, Romford, Greater London RM3 9LT3
£392K12/220.24 mi75, St Neots Road, Romford, Greater London RM3 9LT3
£270K04/210.24 mi79, St Neots Road, Romford, Greater London RM3 9LT3
£450K11/210.25 mi21, Kenilworth Avenue, Romford, Greater London RM3 9NE3
£540K08/230.25 mi13, Kenilworth Avenue, Romford, Greater London RM3 9NE3
£410K12/220.25 mi5, Retford Close, Romford, Greater London RM3 9NA3
£415K01/210.26 mi6, Fairford Way, Romford, Greater London RM3 9YR3
£370K08/230.27 mi38, Retford Road, Romford, Greater London RM3 9NB3
£340K03/210.27 mi76, Colne Drive, Romford, Greater London RM3 9JT3
£415K04/240.29 mi57, Sheffield Drive, Romford, Greater London RM3 9YB3
£415K05/230.29 mi75, Sheffield Drive, Romford, Greater London RM3 9YB3
£405K06/240.29 mi12, Settle Road, Romford, Greater London RM3 9XR3
£465K12/220.32 miSt Just, Colchester Road, Romford, Greater London RM3 9SF3
£409.5K01/230.32 mi36, Halidon Rise, Romford, Greater London RM3 0YL3
£525K09/220.32 miArcadia, Colchester Road, Romford, Greater London RM3 9SF3
£345K09/210.32 mi108, Colne Drive, Romford, Greater London RM3 9JT3
£410K01/240.33 mi64, Paines Brook Way, Harold Hill, Romford, Greater London RM3 9JS3
£415K12/230.33 mi76, Petersfield Avenue, Romford, Greater London RM3 9PB3
£412K11/200.33 mi68, Petersfield Avenue, Romford, Greater London RM3 9PB3
£430K05/230.35 mi54, Swindon Lane, Romford, Greater London RM3 9RJ3
£358K04/210.35 mi50, Swindon Lane, Romford, Greater London RM3 9RJ3
£436K07/230.35 mi77, Halidon Rise, Romford, Greater London RM3 0YL3
£385K02/210.35 mi47, Halidon Rise, Romford, Greater London RM3 0YL3

Local Rents

42 rents from £1.7K/mo to £2.6K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,90008/240.15 miPetersfield Avenue - Harold Hill - RM33
£1,70008/240.17 miDagnam Park Close, Romford, London, RM33
£1,70009/240.17 miDagnam Park Close, Romford, London, RM33
£2,10007/240.18 miSidhu Mews - Harold Hill - RM33
£1,70008/240.19 mi-3
£1,70009/240.19 mi-3
£2,60011/240.22 mi-3
£2,00012/240.3 mi-3
£2,10008/240.31 miDagnam Park Drive, Romford, RM33
£1,75007/240.32 miGeoffrey Avenue, Harold Wood, RM33
£1,90004/250.39 mi-3
£1,95007/240.39 miThurso Close, RM33
£2,00008/240.42 miHomeway, RM33
£1,70008/240.42 miSedgefield Crescent, Romford3
£2,25007/240.47 mi-3
£2,25007/240.47 mi-3
£2,25002/240.47 mi-3
£2,20007/240.47 mi-3
£2,25007/240.47 mi-3
£2,00001/240.47 mi-3
£2,20007/240.47 mi-3
£2,15008/240.48 miSmithsland Road, Romford, Greater London, RM3 9FF3
£2,15008/240.48 miSmithsland Road, Romford, RM33
£2,15010/240.48 mi-3
£2,00011/230.49 mi-3
£1,90002/240.49 miChurch Road, RM33
£2,00008/240.5 mi-3
£2,15012/240.51 mi-3
£2,39902/250.51 mi-3
£2,50012/240.51 mi-3
£2,30011/240.52 mi-3
£2,40007/240.52 mi-3
£2,40002/250.52 mi-3
£2,40008/240.54 mi-3
£2,10012/240.54 mi-3
£2,25012/240.54 mi-3
£2,25012/240.54 mi-3
£2,50008/240.55 miHumbleward Place3
£2,20004/250.55 mi-3
£2,50002/250.56 mi-3
£2,25003/250.56 mi-3
£2,25003/250.56 mi-3

Local Area Statistics

Population in RM3

40,267

Population in Romford

124,481

Town centre distance

2.75 miles away

Nearest school

0.30 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £449,950

March 17, 2025

Floor Plans

Description

  • Semi-detached house +
  • 3 double bedrooms +
  • Chain free +
  • Walking distance to Harold Wood Station +
  • Modern fitted kitchen/diner +
  • Large lounge +
  • Downstairs WC +
  • Upstairs family bathroom +
  • Lovely rear garden +
  • Planning permission approved for a ground floor rear extension +

NGU Estates are delighted offer for sale this chain free 3 double bedroom semi-detached house situated within walking distance of Harold Wood Station. The property benefits from a large lounge, modern fitted kitchen/diner, conservatory, planning permission approved for a ground floor rear extension, downstairs WC,, 3 double bedrooms, upstairs family bathroom, lovely rear garden, off street parking and is chain free

Agent Details

NGU Estates, London

020 3835 3083

Next Steps?

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