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 house · RM5 3JJ
Listing removedReduced £20k (−8.3%) on 27 FebListed 355 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***the property is to be sold by conditional auction.*** Being sold with added advantage of no onward chain is this two-bedroom ground floor maisonette.
The property benefits from two double bedrooms, a11ft living room which leads to the conservatory and provides access to the rear garden, a fitted kitchen and a three-piece shower room.
The property also benefits from rear garden measuring approximately 40ft with side access and off-street parking to the front.
Lease - 922 year remaining Ground rent - £5.00 pa Service Charge - £0 The property is located 0.3 miles to Collier Row High Street which host an array shops, restaurants and bars.
Romford railway station is located 1.74 miles from the property which benefits from the Elizabeth line allowing access to London and as far as Reading.
There are a number of schools in the area including St Patrick's Catholic Primary School, Clockhouse Primary School, Rise Park infant and junior school and more.
Method of Sale The property is to be sold by conditional auction. Finance your purchase: Conditional auction allows an extended timescale which accommodates mortgage buyers.
If you require advice on how to finance a purchase through conditional auction, please contact us in branch.
Fees A non-refundable reservation fee of 4.20% of the purchase price inc VAT (subject to a minimum of £6,600 inc VAT) is payable, in addition to the purchase price, by the successful bidder to secure the purchase of the property.
Although paying a reservation fee may seem daunting it shows your commitment to the seller, and it also secures their commitment to you.
Bidding online Register, make an offer and bid via the auctions section on the Andrews website. Pre-auction offers can be made at any time via the website.
The seller can choose to accept a pre-auction offer, which ends the auction immediately, should they so wish. The registration process, to offer and bid, is extremely simple and free.
Please visit the Andrews website and click on the auction tab at the top to get started.
Front Of Property Off-street parking for two vehicles Entrance Hall Doors to accommodation Living Room 11'11 X 10'4 - Smooth ceiling, double glazed patio doors leading to garden, radiator Kitchen 7' X 5'5 - Smooth ceiling, double glazed window to rear, a range of eye and base level units with worktops over, splash back tiles, stainless steel sink with mixer tap and drainer, integrated oven, electric hob with extractor hood over, space for further appliances Bedroom One 11'1 at max X 10'4 - Smooth ceiling, double glazed window to front, radiator Bedroom Two 9'5 X 8'10 - Smooth ceiling, double glazed window to front, radiator Shower Room 5'5 X 5'4 - Smooth ceiling, double glazed obscured window to side, heated towel rail, low level WC, shower cubicle, pedestal sink Garden Measuring 40ft - Steps down to lawn area, side access, timber shed
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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.
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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 5, Erith Crescent, Greater London
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