3 Bed Semi-Detached House, Planning Permission, Romford, RM7 7EB, £425,000

60 Brooklands Road, Romford, Essex, RM7 7EB - 2 views - a month ago

Auction

Planning

104 m²

ValuationFair Value

Sold Prices	£305K - £638K
Sold Prices/m²	£3.3K/m² - £10.9K/m²

Square Metres	104 m²
Price/m²	£4.1K/m²
Value Estimate	£433,500£433,500

End Value (After Refurb)	£507,417£507,417
Uplift in Value	+19%+19%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£31,200£31,200
Refurb Costs	£55,019£55,019
Bridging Loan Interest	£11,156£11,156
Total Cash In	£205,376£205,376

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£507,417£507,417
Mortgage (After Refinance)	£380,563£380,563
Mortgage LTV	75%75%
Cash Released	£61,813£61,813
Cash Left In	£143,563£143,563
Equity	£126,854£126,854
Rent Range	£1,600 - £2,925£1,600 - £2,925
Rent Estimate	£1,900
Running Costs/mo	£1,986£1,986
Cashflow/mo	£-86£-86
Cashflow/yr	£-1,028£-1,028
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £305K to £638K, average is £450K. £3.3K/m² to £10.9K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	11/21	0.03 mi	47, Brooklands Road, Romford, Greater London RM7 7EB	-	-	3	Detached House
£375K	12/22	0.05 mi	37, Drummond Road, Romford, Greater London RM7 7EJ	-	-	3	Semi-Detached House
£360K	03/21	0.08 mi	57, Drummond Road, Romford, Greater London RM7 7EJ	£5,000	72	3	Semi-Detached House
£407.5K	04/21	0.08 mi	32, Drummond Road, Romford, Greater London RM7 7EJ	£4,075	100	3	Semi-Detached House
£460K	03/23	0.08 mi	42, Drummond Road, Romford, Greater London RM7 7EJ	-	-	3	Detached House
£460K	06/21	0.1 mi	1, Marshalls Road, Romford, Greater London RM7 7EL	£5,412	85	3	Semi-Detached House
£480K	03/21	0.11 mi	76, Willow Street, Romford, Greater London RM7 7LB	£5,333	90	3	Semi-Detached House
£400K	06/21	0.13 mi	36, Cedar Road, Romford, Greater London RM7 7JS	-	-	3	Semi-Detached House
£475K	12/22	0.13 mi	29, Cedar Road, Romford, Greater London RM7 7JS	£4,524	105	3	Semi-Detached House
£380K	04/21	0.14 mi	9, Drummond Avenue, Romford, Greater London RM7 7EH	£4,935	77	3	Terraced House
£385K	06/21	0.14 mi	16, Willow Street, Romford, Greater London RM7 7LJ	-	-	3	Terraced House
£350K	04/21	0.14 mi	4, Willow Street, Romford, Greater London RM7 7LJ	£4,861	72	3	Semi-Detached House
£440K	01/23	0.16 mi	116, Willow Street, Romford, Greater London RM7 7JH	-	-	3	Terraced House
£420K	09/21	0.16 mi	122, Willow Street, Romford, Greater London RM7 7JH	-	-	3	Terraced House
£534K	03/23	0.16 mi	9, Beech Street, Romford, Greater London RM7 7LA	£4,824	111	3	Terraced House
£450K	11/22	0.16 mi	2, Beech Street, Romford, Greater London RM7 7LA	£4,891	92	3	Semi-Detached House
£417K	01/21	0.16 mi	22, Vine Street, Romford, Greater London RM7 7LH	-	-	3	Terraced House
£490K	01/21	0.17 mi	110, Como Street, Romford, Greater London RM7 7DT	£4,900	100	3	Semi-Detached House
£500K	05/23	0.22 mi	264, North Street, Romford, Greater London RM1 4QD	-	-	3	Terraced House
£390K	10/21	0.22 mi	4, Olive Street, Romford, Greater London RM7 7DS	£3,251	120	3	Semi-Detached House
£425K	11/20	0.22 mi	6, Olive Street, Romford, Greater London RM7 7DS	£5,060	84	3	Semi-Detached House
£480K	07/23	0.22 mi	20, Olive Street, Romford, Greater London RM7 7DS	-	-	3	Semi-Detached House
£451K	12/22	0.22 mi	35, Hainault Road, Romford, Greater London RM5 3AA	£4,951	91	3	Terraced House
£475K	02/21	0.23 mi	1, Cherry Street, Romford, Greater London RM7 7LL	£4,897	97	3	Detached House
£450K	09/21	0.23 mi	25, Poplar Street, Romford, Greater London RM7 7JD	£7,325	61	3	Detached House
£450K	09/21	0.23 mi	25, Poplar Street, Romford, Greater London RM7 7JD	£7,325	61	3	Detached House
£330K	01/21	0.23 mi	11a, Aveley Road, Romford, Greater London RM1 4AB	£4,925	67	3	Terraced House
£415K	03/21	0.23 mi	114, Mawney Road, Romford, Greater London RM7 7JB	£4,611	90	3	Semi-Detached House
£310K	11/20	0.23 mi	4, Aveley Road, Romford, Greater London RM1 4AB	£4,189	74	3	Terraced House
£466K	01/23	0.25 mi	43, Mawney Road, Romford, Greater London RM7 7HL	£4,957	94	3	Semi-Detached House
£412K	03/23	0.27 mi	74, Mildmay Road, Romford, Greater London RM7 7DB	-	-	3	Semi-Detached House
£520K	09/22	0.28 mi	127, Mawney Road, Romford, Greater London RM7 7BH	-	-	3	Detached House
£520K	06/23	0.29 mi	2a, Dorset Avenue, Romford, Greater London RM1 4LP	£5,417	96	3	Terraced House
£452.5K	10/22	0.29 mi	29, Dorset Avenue, Romford, Greater London RM1 4LL	£5,728	79	3	Terraced House
£407.5K	12/20	0.29 mi	43, Mildmay Road, Romford, Greater London RM7 7DA	£4,335	94	3	Semi-Detached House
£480K	05/23	0.29 mi	35, Mildmay Road, Romford, Greater London RM7 7DA	£5,145	93	3	Semi-Detached House
£480K	12/22	0.3 mi	160, Mawney Road, Romford, Greater London RM7 7BE	£4,277	112	3	Semi-Detached House
£568K	05/21	0.3 mi	33, Park Drive, Romford, Greater London RM1 4LH	£5,308	107	3	Detached House
£305K	12/20	0.3 mi	35, Dunton Road, Romford, Greater London RM1 4AH	£4,013	76	3	Terraced House
£465K	10/21	0.31 mi	6, Seymer Road, Romford, Greater London RM1 4LB	-	-	3	Terraced House
£460K	06/23	0.31 mi	34, Seymer Road, Romford, Greater London RM1 4LB	-	-	3	Terraced House
£435K	01/23	0.31 mi	78, Seymer Road, Romford, Greater London RM1 4LB	£10,875	40	3	Terraced House
£440K	10/22	0.33 mi	16, Parkside Avenue, Romford, Greater London RM1 4ND	£5,366	82	3	Terraced House
£500K	06/21	0.33 mi	8a, Parkside Avenue, Romford, Greater London RM1 4ND	£4,683	107	3	Semi-Detached House
£385K	08/23	0.33 mi	64, Marks Road, Romford, Greater London RM7 7AH	-	-	3	Terraced House
£515K	10/22	0.34 mi	47, Seymer Road, Romford, Greater London RM1 4LA	£5,852	88	3	Terraced House
£638K	12/23	0.34 mi	111, Seymer Road, Romford, Greater London RM1 4LA	£5,596	114	3	Semi-Detached House
£457K	07/21	0.34 mi	59, Seymer Road, Romford, Greater London RM1 4LA	-	-	3	Semi-Detached House
£440K	05/21	0.34 mi	3, Blenheim Close, Romford, Greater London RM7 8DA	-	-	3	Detached House
£490K	03/21	0.35 mi	15, Parkside Avenue, Romford, Greater London RM1 4NA	-	-	3	Terraced House

Local Rents

49 rents from £1.6K/mo to £2.9K/mo, average is £2.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	04/25	0.11 mi	-	3	Terraced House
£2,500	12/24	0.12 mi	-	3	Detached House
£2,150	07/24	0.15 mi	-	3	Semi-Detached House
£2,100	07/24	0.16 mi	North Street, ROMFORD	3	Detached House
£2,100	08/24	0.16 mi	Como Street, Romford, RM7	3	House
£2,250	08/24	0.16 mi	North Street, Romford, RM1	3	Terraced House
£2,925	07/24	0.22 mi	Olive Street, Romford, Essex, RM7	3	Terraced House
£2,925	07/24	0.22 mi	Olive Street, Romford, Essex, RM7	3	Flat
£2,925	07/24	0.22 mi	Olive Street, Romford, RM7 7DS	3	Flat
£2,925	07/24	0.22 mi	Olive Street, Romford, RM7 7DS	3	Flat
£2,800	07/24	0.25 mi	Olive Street, Romford, London, RM7	3	Flat
£1,800	08/24	0.25 mi	Mawney Road, Romford, RM7	3	Semi-Detached House
£1,800	08/24	0.26 mi	Mawney Road, Romford, RM7	3	Terraced House
£2,100	04/25	0.28 mi	-	3	Terraced House
£2,200	09/24	0.28 mi	Marks Road, Romford, RM7	3	Semi-Detached House
£1,750	10/23	0.3 mi	Dunton Road - Romford - RM1	3	Terraced House
£1,700	07/24	0.31 mi	Oak Street, Romford, Essex	3	Flat
£2,400	02/24	0.34 mi	-	3	Flat
£2,100	11/24	0.34 mi	-	3	Semi-Detached House
£2,100	08/24	0.39 mi	Eastern Avenue East, RM1	3	Terraced House
£2,300	03/25	0.4 mi	-	3	Flat
£1,950	04/25	0.41 mi	-	3	Flat
£2,250	04/25	0.43 mi	-	3	Terraced House
£1,800	02/25	0.44 mi	-	3	Flat
£2,350	08/24	0.45 mi	-	3	Flat
£2,350	08/24	0.45 mi	Amber Court, Romford, RM1	3	Flat
£2,000	08/24	0.47 mi	-	3	Terraced House
£2,200	07/24	0.47 mi	Hainault Road, Romford, Essex. RM5	3	Flat
£2,500	02/25	0.47 mi	-	3	Semi-Detached House
£1,800	08/24	0.48 mi	London Road, Romford, London, RM7	3	Flat
£1,650	07/24	0.48 mi	Marlborough Road, RM7	3	Terraced House
£1,650	07/24	0.48 mi	-	3	Flat
£1,600	08/24	0.48 mi	Omega Court, London Road, Romford, Essex, RM7	3	Flat
£2,195	07/24	0.51 mi	South Street, Romford, London, RM1	3	Flat
£2,195	07/24	0.52 mi	-	3	Flat
£1,995	11/24	0.52 mi	-	3	Flat
£1,800	07/24	0.52 mi	Cotleigh Road, Romford, RM7	3	Detached House
£2,000	12/24	0.52 mi	-	3	Semi-Detached House
£2,100	12/24	0.52 mi	-	3	Semi-Detached House
£2,750	12/24	0.52 mi	-	3	Flat
£2,200	12/24	0.53 mi	-	3	Semi-Detached House
£1,800	01/24	0.53 mi	-	3	Terraced House
£2,500	07/24	0.54 mi	Havering Road, Romford, RM1	3	Detached House
£1,700	02/24	0.55 mi	-	3	Terraced House
£2,100	02/24	0.58 mi	-	3	Terraced House
£2,100	01/24	0.58 mi	-	3	Terraced House
£2,100	08/24	0.59 mi	Fontayne Avenue, Romford, RM1	3	Semi-Detached House
£1,850	07/24	0.59 mi	Percy Road, Romford	3	Terraced House
£2,100	04/25	0.6 mi	-	3	Terraced House

Local Area Statistics

Population in RM7	27,41127,411
Population in Romford	124,481124,481
Town centre distance	0.59 miles away0.59 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £425,000

March 22, 2025

Description

Freehold +
Strictly by appointment with the Auctioneers +

FOR SALE BY PUBLIC AUCTION ON THURSDAY, 10TH APRIL 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

RESIDENTIAL INVESTMENT: A FREEHOLD SEMI DETACHED THREE BEDROOM HOUSE CLOSE TO ROMFORD TOWN CENTRE WITH TENANT IN OCCUPATION
A semi detached three bedroom house with a side plot and off street parking offering the potential for extending subject to planning. The property is located in a popular residential road with Romford town centre with its overground station and large selection of shops is also a short walk away.
Hallway
Lounge 13' 7 x 11' 9
Dining Room 16' 4 x 14' 2
Kitchen 11' 6 x 9' 2
First Floor Landing
Bedroom One 13' 8 x 11' 9
Bedroom Two 13' 6 x 10' 1
Bedroom Three 8' 9 x 6' 2
Bathroom 9' 1 x 8' 6
The property is currently let at the rate of £1900 pcm this is considered to be below market value.
It is considered that the large plot to the side, would be ideal for a double storey extension subject to planning permission

Agent Details

Dedman Gray Auctions, Essex

01702 311010

Next Steps?

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