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See how verdicts work3-bedroom flat · RM2 5UF
For saleListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
•No Chain •Ground Floor Flat •Three Bedrooms •Ensuite Off Main Bedroom •Double Glazed & Gas Central Heating •Allocated Parking Space •Communal Gardens •11 Minute Walk to Gidea Park Station (source: Google maps) Please Note The images shown were taken at the commencement of the tenancy and may not represent the current condition of the property.
Entrance Hall Entrance door, smooth ceiling, coving, security entry phone system, two cupboards, radiator, laminate flooring.
Reception Room (3.45m x 2.74m (11'4 x 9')) Double glazed window, smooth ceiling, radiator, laminate flooring. Kitchen (3.68m x 1.75m (12'1 x 5'9)) Double glazed window.
Range of base and eye level wall cabinets with worktops, integrated fridge/freezer, washing machine, dishwasher, oven, four burner gas hob with overhead extractor hood and fan, single drainer stainless steel sink, smooth ceiling, spotlights, part tiled walls, radiator, tiled floor.
Bedroom (3.84m x 3.00m max sizes (12'7 x 9'10 max sizes)) Double glazed window, smooth ceiling, built in wardrobe, radiator, laminate flooring.
Ensuite (1.68m x 1.60m max sizes (5'6 x 5'3 max sizes)) Suite comprising of corner shower cubicle, pedestal wash basin, low level WC, smooth ceiling, spotlights, extractor, part tiled walls, electric shaving point, radiator, tiled floor.
Bedroom (3.45m x 3.00m (11'4 x 9'10)) Double glazed windows to two aspects, smooth ceiling, coving, radiator, laminate flooring.
Bedroom (3.00m x 2.82m max sizes (9'10 x 9'3 max sizes)) Double glazed windows to two aspects, smooth ceiling, coving, radiator, laminate flooring.
Bathroom (2.21m x 1.75m (7'3 x 5'9)) Suite comprising of bath with shower attachment to tap and overhead bracket, pedestal wash basin, low level WC.
Smooth ceiling, spotlights, extractor, part tiled walls, electric shaving point, radiator, tiled floor. Parking One allocated parking space adjacent to the building. Four visitors parking spaces.
Outside Communal garden.
Material Information • Lease: Lease end date 31 Mar 3003, over 976 years remaining • Current annual ground rent: £250 • Ground rent review period: 25 years next due to be reviewed on 1 Apr 2029.
• Current annual service charge: £1,868
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
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FAQ
About Flat 1, Scholars Court, 2 Academy Fields Road, Romford
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