2-bedroom flat · RM3 7ER
For saleListed 42 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering approximately 745 sq. Ft. Of internal accommodation, this well-presented two-bedroom first-floor maisonette is situated in Heaton Grange, Romford.
Featuring a spacious lounge / diner, modern kitchen, two well-proportioned bedrooms and a rear garden with two large storage sheds.
With approximately 120 years remaining on the lease, the service charge is approximately £915.60 per annum and the ground rent is £10 per annum.
Upon entering the home, you are greeted by a private entrance and stairs leading to a central hallway, which provides access to all rooms.
The reception / dining room measures 14'8 x 14'8 at its maximum dimensions.
Drawing an abundance of natural light from two windows, this generously proportioned reception room provides ample space for both living and dining furniture.
The kitchen measures 11'9 x 9'11 and comprises a range of contemporary wall and base units, laminate worktops and tiled splashbacks.
Integrated appliances include an oven, hob, dishwasher and washing machine.
The vendor has also advised that additional electrical capacity has been installed to support the higher wattage required by the self-cleaning oven.
The principal bedroom measures 14'8 x 10'8 at its maximum dimensions and is a generous double room, benefiting from built-in storage.
Bedroom two measures 11'0 x 10'6 at its maximum dimensions and is another well-proportioned room, also featuring useful built-in storage.
Completing the internal accommodation is the family bathroom, comprising a panelled bath with shower attachment, wash hand basin and low-level W/C, complemented by tiled walls.
Further features include a recent boiler and a ventilation system. Externally, the property benefits from a rear garden with two large outdoor storage sheds, together with secure gated side access.
Parking is available on-street. According to the vendor: Lease Length: 120 Years Remaining Ground Rent: £10 p.a.
Service Charge: £915.60 p.a approximately The vendor has advised that the council intends to replace the roof at a future date, although no date has presently been set.
The associated cost is expected to be divided between the four linked flats. Although there is a loft, the vendor advises that restrictions within the lease prevent the space from being legally used.
Heating: Gas Broadband: Connected, supplier is Sky Mobile Coverage: Good, with no known signal issues Sewerage: Connected to the main sewer In compliance with The Money Laundering Regulations 2017, we are legally obligated to verify the identity of all prospective purchasers.
This process requires the review of valid photographic identification and an official proof of address.
Should your offer on a property marketed by Chalk Street Estates be accepted, you will be required to complete identity verification through our secure third-party provider, Blinc UK.
A non-refundable fee of £15 per purchaser is payable in advance of the verification checks.
Please note that a sale cannot be formally agreed, and a memorandum of sale cannot be issued, until all parties have provided valid identification and the verification process has been successfully completed.
Value & comps
No previous sales on record.
Returns
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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 26, Chaucer Road, Romford
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