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See how verdicts work2-bedroom flat · RM5 3DS
No longer listedListed 293 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This bright and spacious second floor flat is ideal for any first time buyer or investor. There are two double bedrooms and both comfortably fit a king size bed along with bedroom furniture.
There is a great size lounge/dining room with more than enough room for a 'L' shape sofa and a dining table and chairs.
The kitchen is fitted with a range of eye level and base level storage cupboards along with the regular kitchen appliances. The bathroom is neat and functional with a three piece white suite.
The property comes with a well maintained communal garden plus a children's' play ground, secure communal entrance and residents parking.
NON STANDARD 'CORNISH' CONSTRUCTION (Certain Lenders will lend on this property)Please note this property is classed as non-standard construction by mortgage lenders.
Please check with your broker or mortgage lender that they will offer you a mortgage for a 'Cornish' non-standard home. Entrance door- Giving access to communal hallways.
Stairs leading to second floor. Hallway- Radiator, laminate wood flooring, storage cupboard, access to rooms.
Living Room- 14’9” x 12’2” Two double glazed windows to the side, double glazed window to the rear, radiator and wood effect flooring.
Kitchen- 7’6” x 9’9” Double glazed window to side, range of units comprising of work surfaces with drawers and cupboards beneath and matching units over, free standing cooker, space for white goods, insert sink with drainage unit and wall mounted boiler.
Bedroom One- 11’0” x 12’3” Two double glazed windows to side and radiator. Bedroom Two- 11’10” x 10’11” Two double glazed windows to side, radiator and housed boiler unit.
Family Bathroom- White suite comprising of low level WC, pedestal wash hand basin, paneled bath with shower attachment, partly tiled walls, obscure double glazed window to the side and radiator.
External Communal grounds & parking on first come first serve basis.
Agents Note Council Tax Band B Lease - 116 years remaining Ground Rent - £10 annually Service Charge - £134 per month We recommend all buyers to check out the ‘mobile phone coverage’ and refer you to the Ofcom checker website.
The above information is an approximate figure, please verify with your legal representative.
NON STANDARD 'CORNISH' CONSTRUCTION (Certain Lenders will lend on this property)Please note this property is classed as non-standard construction by mortgage lenders.
Please check with your broker or mortgage lender that they will offer you a mortgage for a 'Cornish' non-standard home.
Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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
FAQ
About Prospect Place, Romford, RM5 3DS
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