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Bruce Avenue, Hornchurch

London

£375,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
629 sqft

Description

This three-bedroom mid-terrace property offers a blank canvas for those looking to invest in a home with renovation potential. While the interiors may require some updating, the generous room sizes provide an excellent foundation for customization. The ground floor features a spacious lounge/diner that flows into a kitchen area, both of which can be transformed to suit modern living preferences. There is ample opportunity to enhance these spaces or even consider extensions, subject to the necessary planning approvals. On the upper level, you will find three bedrooms along with a family bathroom, all of which have good proportions and natural light. The rear garden extends approximately 80 feet, providing a private outdoor space that could be beautifully landscaped or developed further. Located conveniently close to local amenities, schools, and transport links, this property is positioned in an area that is becoming increasingly desirable among homebuyers and renters alike. For first-time buyers seeking a project or investors looking for a property to add value through renovations, this home presents notable potential in a thriving community environment. On-street parking adds to the functionality of this property.

Investment Analysis

(RM12 area)

Above Market Value

This property is priced +26.8% above area average per sq ft

+26.8%
This Property
£596/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£456
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£325,366
10% above area average per sq ft
Potential ROI
-19.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (RM12)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 3.4%
5 year growth: 20.2%
Investment Disclaimer: Analysis based on RM12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Bruce Avenue, Hornchurch
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE