2-bedroom flat · RM1 2FB
For saleListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Within this new build gated development is this top floor two bedroom, two bathroom penthouse apartment. Available chain free.
Two large bedrooms (one with an en-suite bathroom), a large main bathroom, built in storage throughout and an extremely spacious open plan living room and kitchen.
With room for a separate dining area and living space. From the living room, you then lead onto the long private balcony with views of the local area.
Also on the top floor is a large communal roof terrace with seating areas. Walking distance to Romford train station, the shops and restaurants along the high street and nearby shopping center.
Only 0.4 miles to Queens Hospital.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
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FAQ
About 120, Papermill House, Hornchurch
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