1-bedroom flat · RM5 3FY
For saleReduced £10k (−4.5%) on 17 SepListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautiful, Modern Top Floor Apartment With Parking, Lift Access, Long Lease And No Ground Rent This smart and well cared for one bedroom apartment has a bright, fresh feel throughout and offers a comfortable, easy to manage layout that works well for everyday living.
The main living space is an open plan kitchen, living and dining room, creating one sociable area for cooking, relaxing and eating.
The kitchen is fitted with white gloss units, a hob, oven, sink and worktop space, with room for the regular kitchen appliances.
There is also a breakfast bar, which is ideal for informal meals, morning coffee or working from home.
The living area has room for a large sofa and additional furniture, while still leaving space for a dining table and chairs if preferred.
The wood style flooring and light décor help the room feel clean, modern and easy to furnish.
The bedroom is a good double room with built in mirror fronted wardrobes, which provide fitted storage without taking over the room.
There is also space for further drawers or bedside furniture, making it a practical main bedroom rather than a compromise.
The bathroom is fitted with a three piece white suite, including a bath with shower above, WC and a much larger than average sink unit with storage beneath.
It is finished in a clean, modern style and gives the apartment a polished feel.
The block itself is well maintained and includes lift access and a video entry phone system, both of which add to the day to day convenience. Outside, the communal garden is a real feature.
It is beautifully kept, with lawned areas, mature trees and space to sit out and enjoy the surroundings. The apartment also comes with an allocated parking space.
Another important benefit is the lease. There are approximately 111 years remaining and there is no ground rent to pay, which will be reassuring for many buyers.
Unexpired lease: 111 years (to be confirmed) Ground rent: £0 (to be confirmed) Service Charges: £2420 per year (to be confirmed) Kitchen/Dining/Living Room: 15'11 x 15'5 Bedroom 1: 14'5 x 9'8 Bathroom/WC Communal Garden Allocated Parking Near to: Lawns Park - 0.5 miles Clockhouse Junior School - 0.1 miles - Crownfield Junior School - 0.9 miles - Romford Rail Station - Elizabeth Line - 2 miles Hainault Underground Station - Central Line - 3.6 miles
Value & comps
No previous sales on record.
Returns
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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 Flat 12, Southall Lodge, Collier Row
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