Erith Crescent, Romford, RM5
PU

Erith Crescent, Romford, RM5

By Purplebricks

£ 300,000

Reviews

2 out of 5 stars

Purplebricks says ..

Long lease property 900+ years Ideal for First-Time Buyers or Investors This delightful two-bedroom ground-floor maisonette is now available for viewings and offers an excellent opportunity for first-time buyers or investors alike. The property boasts a range of attractive features, including ...

Property Oracle says ..

This two-bedroom ground floor maisonette in Erith Crescent, Romford (RM5 3JP) is listed at £300,000. The property is presented as suitable for first-time buyers or investors. The interior is reasonably presented, although some cosmetic improvements would enhance its appeal. The kitchen and bathroom appear functional but could benefit from modernisation. The property features a small garden that needs some attention. The location offers access to public transportation (TfL Rail) and several well-regarded schools. Whilst the list price sits within the range of comparable properties in the area, the lack of precise square footage information for these properties makes it difficult to definitively assess its value. The overall condition, while habitable, suggests a degree of deferred maintenance, and the size of the garden appears modest. Further investigation into specific property details and the condition of the lease is recommended before making a purchase decision. Potential buyers should conduct a thorough survey to identify any underlying maintenance issues. This would include an assessment of the structural integrity and an investigation into the remaining years on the leasehold tenure. The price reflects the current market in the area, balancing its proximity to amenities and transport with the apparent need for improvements and the size of the garden.

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
7
Condition
5
Location
6
Land
4
Bedrooms
2
Bathrooms
1
Sqft (est)
617.85

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
400,731.00 £
Decreased by 13.42 %
from 462,857.00 £
Est sale value
243,432.90 £
Decreased by 7.51 %
from 263,204.10 £
Average area rental value
1,775.00 £/mo
Decreased by 10.49 %
from 1,983.00 £/mo
Est letting value
617.85 £/mo
Unchanged by 0.00 %
from 617.85 £/mo
Est rental Yield
5.32 %
Increased by 3.50 %
from 5.14 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Purplebricks created the listing.

Nearby Schools

NameTypeOfstedDistance
Collier Row Children'S CentreChildren's Centre0.34 KM
Clockhouse Primary SchoolCommunity SchoolGood0.48 KM
St Patrick'S Catholic Primary SchoolVoluntary Aided SchoolGood0.83 KM
Parklands Primary SchoolCommunity SchoolGood1.33 KM
Rise Park Infant SchoolAcademy ConverterGood1.34 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Felstead Road £ 000.00 KM
Adams Close £ 550,00000.00 KM
Cook's Close £ 425,00000.00 KM
Ash Close £ 000.00 KM
The Drive £ 531,25000.00 KM

Nearby Transport

NameNLCTLCDistance
Romford6886RMF3.22 KM
Gidea Park6877GDP4.76 KM
Chadwell Heath6874CTH5.31 KM
Emerson Park7473EMP6.82 KM
Goodmayes6878GMY7.12 KM

Nearby Listings

AddressPriceTypeScoreDistance
Erith Crescent, Romford, RM5 £ 300,000BUY5 / 100.00 KM
Erith Crescent, Romford, RM5 £ 265,000BUYUnknown0.02 KM
Erith Crescent, Romford £ 260,000BUY5 / 100.04 KM
Erith Crescent, Collier Row, Romford, RM5 £ 270,000BUY6 / 100.05 KM
Fullers Close, ROMFORD, Essex, RM5 £ 525,000BUY7 / 100.09 KM

Nearby Properties

AddressPriceDistance
38 Erith Crescent £ 405,0000.01 KM
31 Erith Crescent £ 255,0000.01 KM
34 Erith Crescent £ 89,0000.01 KM
37 Erith Crescent £ 265,0000.01 KM
36 Erith Crescent £ 405,0000.01 KM