Romford Road, London, E12
AL

Romford Road, London, E12

By Alliance London

£ 2,000,000

Reviews

2 out of 5 stars

Alliance London says ..

Discover an exceptional commercial property for sale on Romford Road, London, E12 5. This prime location offers seamless connectivity, with the nearest bus stop just 0.06km away and Manor Park railway station at a convenient 0.27km distance. Enjoy easy access to supermarkets, dining options, shop...

Property Oracle says ..

This property, located on Romford Road in Manor Park, is a commercial unit currently operating as a warehouse. The exterior of the building appears fairly well-maintained, however, the internal images reveal a cluttered space which would require significant refurbishment for any conversion or future use. The property benefits from a convenient location near Manor Park station and several well-regarded schools. However, the list price of £2,000,000 requires careful consideration given the substantial work needed to bring the space up to a habitable standard. The lack of garden or significant land area is a noticeable limitation. Overall, prospective buyers should have substantial capital reserves and experience in commercial property development to successfully manage this project. A thorough survey and a detailed assessment of potential planning permissions would be essential before proceeding with any purchase. The property’s size and its proximity to transport links and local amenities are advantages, but these need to be balanced against the costs and risks associated with its current condition and uncertain future use.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
1
Bedrooms
0
Bathrooms
1
Sqft (est)
8,320.00

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
383,000.00 £
Increased by 11.30 %
from 344,107.00 £
Est sale value
4,318,080.00 £
Increased by 48.29 %
from 2,912,000.00 £
Average area rental value
1,425.00 £/mo
Decreased by 0.90 %
from 1,438.00 £/mo
Est letting value
8,320.00 £/mo
Unchanged by 0.00 %
from 8,320.00 £/mo
Est rental Yield
4.46 %
Decreased by 10.98 %
from 5.01 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Alliance London created the listing.

Nearby Schools

NameTypeOfstedDistance
Avenue Primary SchoolCommunity SchoolGood0.20 KM
Salisbury Primary SchoolCommunity SchoolGood0.33 KM
Sir John Heron Primary SchoolCommunity SchoolGood0.67 KM
Essex Primary SchoolCommunity SchoolOutstanding0.80 KM
Monega Primary SchoolAcademy Sponsor Led0.94 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Herbert Road £ 000.00 KM
Salisbury Road £ 475,00000.00 KM
Bluebell Avenue £ 237,50000.00 KM
Aldersbrook Road £ 000.00 KM
Warwick Road £ 390,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Manor Park6883MNP0.33 KM
Woodgrange Park7467WGR0.59 KM
Ilford6881IFD2.41 KM
Wanstead Park7408WNP2.54 KM
Forest Gate6876FOG2.76 KM

Nearby Listings

AddressPriceTypeScoreDistance
Greenhill Grove, Manor Park, London, E12 £ 365,000BUY6 / 100.18 KM
Forest View Road, Manor Park, London, E12 £ 550,000BUYUnknown0.21 KM
26 Station Road, Manor Park, London, E12 5BT £ 440,000BUY5 / 100.22 KM
Forest View Road, Manor Parrk £ 240,000BUY5 / 100.22 KM
Meanley Road, Manor Park, London, E12 £ 500,000BUY6 / 100.23 KM

Nearby Properties

AddressPriceDistance
755 Romford Road £ 125,0000.03 KM
707a Romford Road £ 139,0000.06 KM
735a Romford Road £ 68,0000.06 KM
733a Romford Road £ 95,0000.06 KM
763a Romford Road £ 248,7500.06 KM