2-bedroom flat · RM2 5UQ
Sold STCListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 26TH FEBRUARY, 2026 AT 12.00 NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE RESIDENTIAL INVESTMENT: A VACANT LEASEHOLD TWO BEDROOM SECOND FLOOR FLAT WITHIN WALKING DISTANCE TO GIDEA PARK RAILWAY STATION A two-bedroom second floor apartment located just a short walk from Romford town centre, as well as Gidea Park and Romford train stations on the Elizabeth Line offering excellent transport links.
The property has the benefit of allocated parking and access to a well-maintained communal garden. It is considered that the property would be an ideal buy to let investment.
Communal Entrance Entrance Hall Bedroom One - 12'8 x 9'4 Bedroom Two - 12'8 x 7'11 Bathroom - 6' x 8'2 Kitchen - 6'0 x 11'11 Living Room - 16'3 x 9'11 A 999 year lease commenced on 1st April, 2004 We are advised that the ground rent is £250 per annum.
For further details on the service charge and ground rent please refer to the legal pack. B
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 21 College Court, 3 Scholars Way, Gidea Park, Romford, Essex, RM2 5UQ
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