3 Bed Semi-Detached House, Planning Permission, Romford, RM7 7AP, £495,000

Palm Road, Romford, RM7 7AP - a month ago

Planning
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£350K - £534K
Sold Prices/m²£3.3K/m² - £7.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.3K/m²

Value Estimate

£455,412

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£38,200

Total Cash In

£161,950

 

 

Cash Out

 

Rent Range

£1,600 - £2,925

Rent Estimate

£1,650

Running Costs/mo

£1,897

Cashflow/mo

£-247

Cashflow/yr

£-2,962

Gross Yield

4%

Local Sold Prices

50 sold prices from £350K to £534K, average is £435K. £3.3K/m² to £7.3K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£460K02/220.07 mi16, Pretoria Road, Romford, Greater London RM7 7AS3
£510K06/230.08 mi5, Pretoria Road, Romford, Greater London RM7 7AU3
£407.5K12/200.09 mi43, Mildmay Road, Romford, Greater London RM7 7DA3
£480K05/230.09 mi35, Mildmay Road, Romford, Greater London RM7 7DA3
£412K03/230.1 mi74, Mildmay Road, Romford, Greater London RM7 7DB3
£385K08/230.1 mi64, Marks Road, Romford, Greater London RM7 7AH3
£422K05/210.11 mi2, Recreation Avenue, Romford, Greater London RM7 9ET3
£425K12/220.14 mi70, Pretoria Road, Romford, Greater London RM7 7AT3
£475K02/210.15 mi1, Cherry Street, Romford, Greater London RM7 7LL3
£430K09/230.16 mi73, Pretoria Road, Romford, Greater London RM7 7AX3
£480K12/220.18 mi117, Pretoria Road, Romford, Greater London RM7 7AX3
£415K03/210.2 mi114, Mawney Road, Romford, Greater London RM7 7JB3
£447K12/220.2 mi36, Oak Street, Romford, Greater London RM7 7BA3
£417K01/210.2 mi22, Vine Street, Romford, Greater London RM7 7LH3
£385K06/210.22 mi16, Willow Street, Romford, Greater London RM7 7LJ3
£350K04/210.22 mi4, Willow Street, Romford, Greater London RM7 7LJ3
£534K03/230.22 mi9, Beech Street, Romford, Greater London RM7 7LA3
£450K11/220.22 mi2, Beech Street, Romford, Greater London RM7 7LA3
£520K09/220.23 mi127, Mawney Road, Romford, Greater London RM7 7BH3
£466K01/230.24 mi43, Mawney Road, Romford, Greater London RM7 7HL3
£368.3K06/210.24 mi3, Lime Close, Romford, Greater London RM7 7BD3
£380K04/210.24 mi9, Drummond Avenue, Romford, Greater London RM7 7EH3
£490K01/210.25 mi110, Como Street, Romford, Greater London RM7 7DT3
£400K06/230.27 mi79, Jubilee Avenue, Romford, Greater London RM7 9LT3
£360K03/210.28 mi57, Drummond Road, Romford, Greater London RM7 7EJ3
£407.5K04/210.28 mi32, Drummond Road, Romford, Greater London RM7 7EJ3
£460K03/230.28 mi42, Drummond Road, Romford, Greater London RM7 7EJ3
£370K09/210.28 mi5, Knighton Road, Romford, Greater London RM7 9BS3
£480K03/210.29 mi76, Willow Street, Romford, Greater London RM7 7LB3
£480K12/220.3 mi160, Mawney Road, Romford, Greater London RM7 7BE3
£460K08/230.3 mi30, Norfolk Road, Romford, Greater London RM7 9DL3
£421.5K02/230.3 mi16, Norfolk Road, Romford, Greater London RM7 9DL3
£480K12/220.3 mi13, Lonsdale Avenue, Romford, Greater London RM7 9JT3
£470K01/230.31 mi42, Eastbury Road, Romford, Greater London RM7 9AL3
£375K12/220.31 mi37, Drummond Road, Romford, Greater London RM7 7EJ3
£390K10/210.32 mi4, Olive Street, Romford, Greater London RM7 7DS3
£425K11/200.32 mi6, Olive Street, Romford, Greater London RM7 7DS3
£480K07/230.32 mi20, Olive Street, Romford, Greater London RM7 7DS3
£450K09/210.32 mi25, Poplar Street, Romford, Greater London RM7 7JD3
£450K09/210.32 mi25, Poplar Street, Romford, Greater London RM7 7JD3
£390K08/210.32 mi23, Lessington Avenue, Romford, Greater London RM7 9EB3
£435K12/220.32 mi19, Honiton Road, Romford, Greater London RM7 9AJ3
£440K11/220.32 mi17, Knightsbridge Gardens, Romford, Greater London RM7 9AD3
£420K09/210.32 mi122, Willow Street, Romford, Greater London RM7 7JH3
£435K11/210.33 mi47, Brooklands Road, Romford, Greater London RM7 7EB3
£400K06/210.33 mi11, Yew Tree Gardens, Romford, Greater London RM7 9AA3
£440K01/230.33 mi116, Willow Street, Romford, Greater London RM7 7JH3
£417.5K03/210.34 mi24, Cotleigh Road, Romford, Greater London RM7 9AH3
£460K06/210.35 mi1, Marshalls Road, Romford, Greater London RM7 7EL3
£440K06/210.37 mi15, Burlington Avenue, Romford, Greater London RM7 9JD3

Local Rents

49 rents from £1.6K/mo to £2.9K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,25004/250.11 mi-3
£2,00008/240.12 mi-3
£2,10004/250.18 mi-3
£1,70007/240.18 miOak Street, Romford, Essex3
£1,80008/240.19 miLondon Road, Romford, London, RM73
£1,65007/240.2 mi-3
£1,60008/240.2 miOmega Court, London Road, Romford, Essex, RM73
£2,15007/240.22 mi-3
£1,80008/240.24 miMawney Road, Romford, RM73
£1,80008/240.24 miMawney Road, Romford, RM73
£2,10008/240.26 miComo Street, Romford, RM73
£2,20009/240.27 miMarks Road, Romford, RM73
£2,15004/250.3 mi-3
£2,92507/240.31 miOlive Street, Romford, Essex, RM73
£2,92507/240.31 miOlive Street, Romford, Essex, RM73
£2,92507/240.32 miOlive Street, Romford, RM7 7DS3
£2,92507/240.32 miOlive Street, Romford, RM7 7DS3
£2,80007/240.32 miOlive Street, Romford, London, RM73
£2,30004/250.32 mi-3
£1,80007/240.33 miCotleigh Road, Romford, RM73
£2,50012/240.34 mi-3
£1,75007/240.37 miSheringham Avenue - Rush Green - RM73
£2,40002/240.4 mi-3
£2,10010/240.41 mi-3
£2,10011/240.41 mi-3
£1,95004/250.41 mi-3
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - RM73
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miBasalt Court - Romford3
£2,60007/240.46 miByton Close - Romford - RM73
£2,60007/240.46 miBasalt Close - Byton Close - RM73
£2,60007/240.46 miBasalt Court - Romford3
£2,60007/240.46 miBasalt Court - Romford - RM73
£2,60007/240.46 miByton Close - Rush Green - RM73
£1,65007/240.47 miMarlborough Road, RM73
£1,80002/250.49 mi-3
£2,10007/240.5 miNorth Street, ROMFORD3
£2,35008/240.51 mi-3
£2,35008/240.51 miAmber Court, Romford, RM13
£2,25008/240.51 miNorth Street, Romford, RM13
£1,75010/230.54 miDunton Road - Romford - RM13
£2,60007/240.54 miCathedral Court - Wideford Drive - RM73
£2,60007/240.54 miCathedral Court - Romford - RM73

Local Area Statistics

Population in RM7

27,411

Population in Romford

124,481

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £495,000

March 24, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Reception Room +
  • Kitchen +
  • Ground Floor WC +
  • Utility Area +
  • Bathroom +
  • Garden +
  • Garage +

Period three bedroom semi-detached house with own drive to detached garage. Ideally located for access to Romford Station (Elizabeth Line). Lounge Diner. Large Kitchen. Ground Floor WC. Utility Area. Three Bedrooms. Bath and Shower Room. 88ft rear garden. Potential to extend subject to planning permission.

Agent Details

Beresfords, at Gidea Park

01708 961741

Next Steps?

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