3 Bed Terraced House, Refurb/BRRR, Hornchurch, RM12 5HJ, £425,000

Easedale Drive, Hornchurch, Essex, RM12 5HJ - 6 views - a month ago

Refurb/BRRR
Planning
ROI: 1%
~93 m²

ValuationFair Value

Sold Prices£330K - £560K
Sold Prices/m²£3.8K/m² - £6.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£431,822

 

 

End Value (After Refurb)

£447,756

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£46,800

Bridging Loan Interest

£11,156

Total Cash In

£199,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£447,756

Mortgage (After Refinance)

£335,817

Mortgage LTV

75%

Cash Released

£17,067

Cash Left In

£182,589

Equity

£111,939

Rent Range

£1,500 - £2,400

Rent Estimate

£2,017

Running Costs/mo

£1,823

Cashflow/mo

£194

Cashflow/yr

£2,332

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £330K to £560K, average is £430K. £3.8K/m² to £6.6K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£460K06/210.01 mi6, Easedale Drive, Hornchurch, Greater London RM12 5HJ3
£400K01/210.06 mi24, Ambleside Avenue, Hornchurch, Greater London RM12 5ES3
£350K04/210.06 mi44, Rosewood Avenue, Hornchurch, Greater London RM12 5LH3
£475K10/230.1 mi2, Langdale Gardens, Hornchurch, Greater London RM12 5LA3
£437K04/210.1 mi21, Langdale Gardens, Hornchurch, Greater London RM12 5LA3
£380K06/240.1 mi1, Langdale Gardens, Hornchurch, Greater London RM12 5LA3
£385K12/200.1 mi11, Carnforth Gardens, Hornchurch, Greater London RM12 5DJ3
£380K06/210.1 mi36, Carnforth Gardens, Hornchurch, Greater London RM12 5DJ3
£446.5K03/230.12 mi91, Ambleside Avenue, Hornchurch, Greater London RM12 5EU3
£560K05/240.12 mi59, Coronation Drive, Hornchurch, Greater London RM12 5BT3
£425K12/200.15 mi21, Coronation Drive, Hornchurch, Greater London RM12 5BL3
£432.5K06/210.15 mi64, Carnforth Gardens, Hornchurch, Greater London RM12 5DL3
£420K04/210.16 mi72, Carnforth Gardens, Hornchurch, Greater London RM12 5DL3
£375K12/200.16 mi63, Wood Lane, Hornchurch, Greater London RM12 5JB3
£400K11/200.17 mi51, Arbour Way, Hornchurch, Greater London RM12 5BS3
£390K04/240.18 mi50, Calbourne Avenue, Hornchurch, Greater London RM12 5BJ3
£430K12/230.19 mi11, Kilmartin Way, Hornchurch, Greater London RM12 5NB3
£460K05/230.19 mi59, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5DU3
£495K05/230.2 mi45, Windermere Avenue, Hornchurch, Greater London RM12 5EP3
£425K12/230.2 mi67, Calbourne Avenue, Hornchurch, Greater London RM12 5BH3
£525K12/220.21 mi442, South End Road, Hornchurch, Greater London RM12 5PA3
£445K05/240.21 mi86, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5DT3
£510K02/230.21 mi20, St Andrews Avenue, Elm Park, Hornchurch, Greater London RM12 5DT3
£330K07/210.21 mi90, St Andrews Avenue, Hornchurch, Greater London RM12 5DT3
£555.1K03/230.22 mi43, Ennerdale Avenue, Hornchurch, Greater London RM12 5JT3
£455K07/240.22 mi31, Ennerdale Avenue, Hornchurch, Greater London RM12 5JT3
£455K09/210.23 mi449, South End Road, Hornchurch, Greater London RM12 5NX3
£428K05/240.23 mi43, Carnforth Gardens, Hornchurch, Greater London RM12 5DR3
£441.5K04/230.23 mi83, Carnforth Gardens, Hornchurch, Greater London RM12 5DR3
£345K12/200.24 mi454, South End Road, Hornchurch, Greater London RM12 5PA3
£350K11/200.25 mi471, South End Road, Hornchurch, Greater London RM12 5NX3
£338K03/210.25 mi115, St Andrews Avenue, Hornchurch, Greater London RM12 5EA3
£370K06/210.26 mi266, Mungo Park Road, Rainham, Greater London RM13 7PU3
£375K11/210.26 mi272, Mungo Park Road, Rainham, Greater London RM13 7PU3
£380K12/200.26 mi74, Windermere Avenue, Hornchurch, Greater London RM12 5ER3
£460K12/200.26 mi91, Windermere Avenue, Hornchurch, Greater London RM12 5ER3
£515K06/230.26 mi158, Lancaster Drive, Hornchurch, Greater London RM12 5SL3
£430K11/210.26 mi34, Spring Gardens, Hornchurch, Greater London RM12 5BQ3
£420K08/230.26 mi31, Astra Close, Hornchurch, Greater London RM12 5NJ3
£455K09/230.27 mi28, Woburn Avenue, Hornchurch, Greater London RM12 4NG3
£450K06/240.27 mi16b, Woburn Avenue, Hornchurch, Greater London RM12 4NG3
£510K07/240.27 mi12, Woburn Avenue, Hornchurch, Greater London RM12 4NG3
£460K03/230.27 mi32, Maybank Avenue, Hornchurch, Greater London RM12 5SB3
£402K11/230.27 mi34, Maybank Avenue, Hornchurch, Greater London RM12 5SB3
£490K02/210.27 mi46, Maybank Avenue, Hornchurch, Greater London RM12 5SB3
£370K06/210.27 mi8, Wood Lane, Hornchurch, Greater London RM12 5HU3
£370K06/210.27 mi8, Wood Lane, Hornchurch, Greater London RM12 5HU3
£455K05/240.27 mi21, Wood Lane, Hornchurch, Greater London RM12 5HU3
£430K01/210.28 mi39, Spring Gardens, Hornchurch, Greater London RM12 5BG3
£417.5K01/230.28 mi67, Woburn Avenue, Hornchurch, Greater London RM12 4NQ3

Local Rents

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

RentDateDistanceAddressBeds 
£2,30008/240.1 miLangdale Gardens, Hornchurch, London, RM123
£1,85008/240.1 miCarnforth Gardens, Hornchurch, London, RM123
£2,40012/240.14 mi-3
£1,90012/240.15 mi-3
£2,40007/240.2 mi-3
£2,00008/240.21 miUllswater Way, Elm Park, HORNCHURCH, Essex, RM123
£1,85004/250.22 mi-3
£2,10007/240.22 mi-3
£2,15003/250.22 mi-3
£1,80008/240.26 miWindermere Avenue, Hornchurch, RM123
£1,79504/250.27 mi-3
£1,80008/240.28 miSpring Gardens, Hornchurch, London, RM123
£2,20003/250.28 mi-3
£1,50007/240.28 miThe Broadway, Hornchurch, London, RM123
£1,65007/240.3 miTempest Way Rainham Essex3
£2,00008/240.31 miElm Park3
£2,25008/240.31 miElm Park Avenue, Hornchurch, Essex, Hornchurch, Essex, RM123
£2,05008/240.33 miRainham Road, Rainham, Havering, London, RM133
£2,25002/250.35 mi-3
£1,85008/240.37 miMidhurst Close, Hornchurch3
£1,90008/240.43 miTangmere Crescent | Hornchurch | RM123
£2,30003/250.43 mi-3
£2,40007/240.44 mi-3
£1,62512/240.44 mi-3
£1,95007/240.46 miLaburnum Walk, Hornchurch, RM123
£1,85007/240.47 miPeregrine Walk, RM123
£2,10012/240.48 mi-3
£2,20001/250.57 mi-3
£1,70007/240.6 miElm Park Avenue, Elm Park, Hornchurch, Essex3

Local Area Statistics

Population in RM12

34,603

Population in Hornchurch

65,974

Town centre distance

1.27 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £425,000

March 31, 2025

Floor Plans

Description

  • <b>OPEN HOUSE THIS SATURDAY (5TH APRIL)</b> - by appointment only +
  • End of terrace home in need of some modernisation +
  • Garage & good size rear garden +
  • Potential to extend subject to local planning permission +
  • Close to local schools & amenities +
  • Situated less than a quarter of a mile to Elm Park Station +

This end of terraced home requires modernisation throughout, has a garage and off road parking along with a good size rear garden and is conveniently located for local amenities, schools & Train Station.

Room sizes:

  • Porch
  • Hallway
  • Lounge: 13'2 x 12'5 (4.02m x 3.79m)
  • Kitchen/Dining Room: 11'9 x 10'3 (3.58m x 3.13m)
  • Landing
  • Bedroom 1
  • Bedroom 2
  • Bedroom 3
  • Bathroom
  • Rear Garden
  • Front Garden
  • Garage  
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Douglas Allen, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Agent Details

Douglas Allen, Hornchurch

01708 205425

Next Steps?

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