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 work2-bedroom flat · RM1 3AB
For saleReduced £25k (−7.7%) on 22 SepListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• two double bedrooms • manhattan style duplex apartment • lease in excess of 900 years • overlooking the historic romford market place • located within romford town centre • 0.4 miles to romford elizabeth line railway station • open plan living space • vaulted ceilings • large balcony • council tax band: D Service Charge: £4,409 per annum Building Insurance: £238 per annum Ground Rent: £300 per annum Lease Remaining: 986 years remaining Hallway Radiator, stairs up to the first floor with glass balustrades, under stairs storage, doors to accommodation, secure intercom phone system, part under floor heating, engineered wooden flooring.
Lounge / Diner 14'8 x 12'1. Double glazed French doors to the balcony, vaulted Manhattan style ceiling, engineered wooden flooring with under floor heating. Access to Bedroom Two.
Opens to Kitchen / Dining Area. Kitchen 10'6 x 5'9.
Neff washing machine, Neff oven with Siemens electric hob and extractor over, integrated sink with waste disposal sink and mixer tap over, Siemens fridge / freezer, Siemens dishwasher, matching base and wall mounted units, engineered wooden flooring with under floor heating.
Opens to Lounge / Diner. Bedroom Two 15'3 x 9'2. Double glazed French doors to the balcony, double glazed window to the rear, built in wardrobes, engineered wooden flooring. Bathroom 6'8 x 6'.
Smooth ceiling with inset spotlights, extractor fan, heated towel rail, low level wc, wash hand basin with vanity unit under, tiled bath with shower over, tiled walls and floor.
First Floor Landing Smooth ceiling with inset spotlights, stairs down to the ground floor. Door to: Master Bedroom 17'5 x 9'5.
Double glazed window to the rear, smooth ceiling, glass balustrade overlooking the lounge / diner, built in wardrobes, radiator.
Buyers Information Pack Please see below a link to the Buyers Information Pack / ta Forms: A7ddd916488a
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
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FAQ
About 5, Lofthaus Apartments,, 47A Market Place, Romford
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