2-bedroom flat · RM12 5JB
Sold STCListed 224 days
Opportunity summary
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About
• NO ONWARD CHAIN • TWO DOUBLE BEDROOMS • FIRST FLOOR APARTMENT • RENOVATED TO A METICULOUS STANDARD THROUGHOUT • SITUATED 0.5 MILES TO ELM PARK DISTRICT LINE STATION • 18' LOUNGE/DINER LEADING TO OWN BALCONY • SEPARATE RE-FITTED KITCHEN WITH INTEGRATED APPLIANCES • COMMUNAL PARKING • COMMUNAL GARDENS • COUNCIL TAX BAND: B Lease Remaining: 99 years approx.
Service Charges: £1,675 approx. per annum. Ground Rent: £10 per annum. Communal Entrance Door to Communal Hall Stairs to all floors.
Own Entrance Door to Entrance Hall Security entry phone system, two storage cupboards, radiator with feature guard, Amtico flooring, smooth ceiling, doors to accommodation.
Lounge/Diner 18'4 x 11'9. Double glazed French doors to rear leading to balcony, two double glazed windows to rear, radiator, Amtico flooring, wood panelled feature media wall, smooth ceiling.
Kitchen 9'3 x 7'6.
Double glazed window to front, range of base level units and drawers with Quartz work surfaces over and matching upstands, inset one and a half sink drainer unit with hose mixer tap, integrated Bosch oven and hob with extractor hood over, integrated washing machine, range of eye level cupboards, cupboard housing wall mounted Ideal combination boiler, Amtico flooring, complementary tiling splash backs, smooth ceiling.
Master Bedroom 12'4 x 10'2. Double glazed window to rear, built-in storage cupboard, radiator, smooth ceiling. Bedroom Two 11' x 9'2.
Double glazed window to side, built-in cupboard, radiator, wood effect flooring, smooth ceiling. Family Bathroom/wc Obscure double glazed window to front.
Suite comprising: panelled bath with mixer tap, pedestal wash hand basin, low level wc with push flush.
Radiator, wood effect flooring, part complementary tiling to walls, smooth ceiling, extractor fan. Exterior Communal parking, communal gardens, outside storage shed.
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 Wood Lane, Hornchurch, RM12
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