We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · RM12 5SJ
Sold STCListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• GUIDE PRICE £425,000 - £450,000 • NO ONWARD CHAIN • THREE BEDROOM MID TERRACE FAMILY HOME • 23' LIVING ROOM • L-SHAPED KITCHEN/DINER • GROUND FLOOR CLOAKROOM • FIRST FLOOR FAMILY BATHROOM/WC • 65' APPROX.
REAR GARDEN • OFF STREET PARKING • SITUATED 0.5 MILES TO ELM PARK DISTRICT LINE STATION • CLOSE TO THE RJ MITCHELL SCHOOL • COUNCIL TAX BAND: D Entrance via Entrance door to: Entrance Hall Stairs to first floor, doors to accommodation.
Ground Floor Cloakroom Suite comprising: vanity wash hand basin with tiled splash back and cupboard under, low level wc. Living Room 23'7 x 11'.
Double glazed bay window to front, inset electric fire, ceiling with cornice coving, open plan to: L-Shaped Kitchen/Diner 16'4 x 15'6 max.
Double glazed window to rear, obscure double glazed door to rear, double glazed sliding patio doors to rear leading to garden, range of base level units and drawers with work surfaces over, inset sink drainer unit with mixer tap, space for appliances, range of matching eye level cupboards, complementary tiled splash backs, ceiling with cornice coving.
First Floor Landing Doors to accommodation. Bedroom One 12'9 x 9'. Double glazed window to front, wood effect flooring, ceiling with cornice coving. Bedroom Two 10'7 x 9' max.
Double glazed window to rear, storage cupboard, ceiling with cornice coving. Bedroom Three 9'3 x 7'. Double glazed window to front, ceiling with cornice coving.
Family Bathroom/wc 7' x 6'. Obscure double glazed window to rear. Suite comprising: panelled bath, pedestal wash hand basin, low level wc.
Complementary tiling to walls, ceiling with cornice coving. Rear Garden 65' approx. Commencing paved patio area, remainder laid to lawn, pathway to rear, mature shrub and tree borders.
Front of Property Resin driveway providing off street parking.
Buyers Information Pack Please see below the link to access the Buyers Information Pack/TA forms: fafe2a5aa The agent suggests that any interested parties should make contact with the estate agent prior to booking a viewing as the seller has been unable to provide any material information.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Lancaster Drive, Hornchurch, RM12
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