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Huxley Drive, Chadwell Heath

London

£500,000
Listed on 31/10/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
935 sqft

Description

This mid-terrace house features three bedrooms and presents an excellent opportunity for renovation and investment. The property includes two reception rooms, which create flexible living spaces suitable for both family gatherings and personal retreats. The sizeable garden at the rear provides direct access, enhancing outdoor enjoyment. Each of the three well-sized bedrooms offers potential not only for comfortable living but also as ideal candidates for reconfiguration, potentially accommodating a home office or guest space. The bathroom adds convenience, serving all residents adequately. Located approximately 0.3 miles from Goodmayes Station, this house is ideally positioned for commuters with easy access to London’s transport network. Its proximity to local amenities, schools, and parks makes it appealing for families and professionals alike. Additionally, the property has parking space for two vehicles—a valuable asset in this locality. One of the key advantages of this home is its substantial potential for expansion. With the necessary planning permissions, opportunities exist to develop a large rear extension or a loft conversion that could transform the property into a four-bedroom residence. Such enhancements could significantly increase its market value. In summary, this property not only provides comfortable living space but also invites creative vision to unlock its full potential—making it an attractive option for those looking to invest in real estate while putting their personal touch on their future home.

Investment Analysis

(RM6 area)

Above Market Value

This property is priced +18.9% above area average per sq ft

+18.9%
This Property
£535/sq ft
Area Average
£450/sq ft
Avg Rent (weekly)
£432
Avg Yield
5.2%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£462,722
10% above area average per sq ft
Potential ROI
-26.0%
After renovation
Monthly Sales
20
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (RM6)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 0.2%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on RM6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Huxley Drive, Chadwell Heath
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