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 · RM6 6GN
For saleReduced £20k (−7.7%) on 23 OctListed 157 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**calling all landlords** Welcome to this beautifully presented apartment situated on the ever-popular High Road in Romford.
Built in 2009, this modern purpose-built property offers stylish, comfortable living and represents an excellent opportunity for both homeowners and investors alike.
The property features a bright and spacious open-plan living and dining area, ideal for both relaxing and entertaining.
There are two generously sized double bedrooms, offering flexible accommodation for families, professionals, guests, or those working from home.
The principal bedroom further benefits from a contemporary ensuite shower room, providing added comfort and privacy.
In addition, the apartment boasts a well-appointed main bathroom, helping to ensure convenience for busy households.
Externally, the property benefits from a secure gated off-road parking space for one vehicle.
Extending to approximately 732 sq ft, the apartment provides a well-balanced layout that is both practical and easy to maintain.
This property also presents an attractive investment opportunity and can be offered for sale with tenants in situ, providing immediate rental income for prospective landlords.
Ideally located close to local amenities, transport links, and shopping facilities, this is a fantastic opportunity not to be missed Additional Information: Current tenants paying £1695 per month Property Ownership Information Tenure Leasehold Council Tax Band C Annual Ground Rent £540.00 Ground Rent Review Period No review period Annual Service Charge £3,900.00 Service Charge Review Period Every 1 year Lease End Date 01/01/2133 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Flat 55/Elgin House, 235 High Road, Romford
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