56 Cherry Tree Drive

    56, CHERRY TREE DRIVE, SOUTH OCKENDON, RM15 6TP

    This semi-detached freehold property on Cherry Tree Drive last sold in October 2020 for £385,000. Based on price growth in the RM15 district since then, its estimated current value is £457,673 — placing it in the 75th percentile nationally and the 83rd percentile within RM15. The property covers 72 m² (775 sq ft), giving an estimated value of £6,357 per m². The EPC rating is C, with a potential rating of B.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    775 sq ft

    72 m²

    Last Sale Price

    £385,000

    Oct 2020

    Estimated Valuation

    £457,673

    Est. £/sq ft

    £591/sq ft

    £6,357/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area775 sq ft (72 m²)
    EPC dateOct 2019
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    16 Oct 2020

    £385,000

    22 Mar 2004

    £191,000

    28 Feb 2001

    £118,000

    8 Dec 2000

    £121,000

    28 Nov 1997

    New build

    £91,995

    Key Metrics

    Estimated valuation£457,673
    Value per sq ft / m²£591/sq ft (£6,357/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM15 district percentile83rd percentile
    National percentile75th percentile

    District Context — RM15

    RM15 covers the southeastern part of the RM postcode area, situated in east London's outer reaches. It is a family-oriented neighbourhood with a notably youthful demographic and strong owner-occupier presence.

    Average Property Price - RM15

    £354,356

    57

    National percentile

    Average Net Household Income - RM15

    £41,619

    65

    National percentile

    10-Year Annualised Price Growth - RM15

    4.4%

    77

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM15

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