Lodge Lane, Romford
BU

Lodge Lane, Romford

By Butler & Stag, Land & New Homes

£ 1,000,000

Reviews

2 out of 5 stars

Butler & Stag, Land & New Homes says ..

A residential development scheme for sale with the benefit of granted planning permission for six, three bedroom family homes within the renowned postcode of RM5 .

Property Oracle says ..

This property on Lodge Lane, Romford, is a development opportunity centered around a collection of existing buildings on a substantial plot of land. The aerial photography shows a group of houses, some appearing more modern than others, situated near open green space. The listing states the potential for building six three-bedroom homes, granted planning permission, making this a development project rather than a single-family home purchase. The property’s proximity to schools such as Oasis Academy Pinewood is a potential positive for families. However, the distance to the nearest train station (Romford) suggests some reliance on car travel, especially for access to more central parts of London. The listed price is significantly higher than other homes in the same area, indicating a considerable risk if the development plans aren’t fully realized or successful. Without further internal property details, the overall condition, and a detailed breakdown of the development plan, it’s difficult to make a more comprehensive evaluation of the property’s worth.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
5
Location
6
Land
7
Bedrooms
3
Bathrooms
1
Sqft (est)
10,763.91

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
430,989.00 £
Increased by 6.80 %
from 403,536.00 £
Est sale value
5,306,607.63 £
Increased by 74.20 %
from 3,046,186.53 £
Average area rental value
1,439.00 £/mo
Increased by 15.21 %
from 1,249.00 £/mo
Est letting value
10,763.91 £/mo
from 0.00 £/mo
Est rental Yield
4.01 %
Increased by 8.09 %
from 3.71 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Butler & Stag, Land & New Homes marked this listing as sold.

  • Butler & Stag, Land & New Homes created the listing.

Nearby Schools

NameTypeOfstedDistance
Oasis Academy PinewoodAcademy Sponsor LedGood0.54 KM
Clockhouse Primary SchoolCommunity SchoolGood1.18 KM
Collier Row Children'S CentreChildren's Centre1.30 KM
St Patrick'S Catholic Primary SchoolVoluntary Aided SchoolGood1.54 KM
Crownfield Junior SchoolCommunity SchoolGood2.02 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Portmore Gardens £ 000.00 KM
Lodge Lane £ 527,50000.00 KM
Aragon Close £ 000.00 KM
Westwode Close £ 000.00 KM
Lynwood Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Romford6886RMF4.86 KM
Chadwell Heath6874CTH5.61 KM
Gidea Park6877GDP6.24 KM
Goodmayes6878GMY7.12 KM
Emerson Park7473EMP8.35 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lodge Lane, Romford £ 1,000,000BUY5 / 100.00 KM
Lodge Lane, Romford, RM5 2HX £ 650,000BUY7 / 100.02 KM
Lodge Lane, Collier Row, RM5 £ 550,000BUYUnknown0.07 KM
Lodge Lane, Collier Row, RM5 £ 550,000BUYUnknown0.07 KM
Craven Gardens, RM5 £ 499,995BUY6 / 100.09 KM

Nearby Properties

AddressPriceDistance
329 Lodge Lane £ 435,0000.03 KM
317 Lodge Lane £ 220,0000.03 KM
312 Lodge Lane £ 250,0000.03 KM
302 Lodge Lane £ 335,0000.03 KM
310 Lodge Lane £ 209,9950.03 KM