1-bedroom flat · RM1 3FB
To rentListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the heart or Romford's busting town centre with it array of shops, bars and restaurants as well as striking distance to the station and new leisure centre.
This property is in an ideal location for modern living. With modern decor, open plan living space as well as one bedroom and shower room.
Verve apartments is a modern complex with lifts to all floors and concierge service to main reception area making viewing a must.
Parking may be available for £80 per month Communal Entrance Door Security entry system, reception area with concierge service and communal letter boxes, lifts leading to all floors Own Entrance Door First Floor Hallway - Wood effect flooring, video security phone, built in storage cupboard with meter housing gas boiler and doors leading to: Open Plan Living/Dining Area - Living Space 17'5 x 9'3 max (5.31m x 2.82m) Wood effect flooring, double glazed windows x2, and radiator Kitchen Area Part tiled walls, a range of wall and base level units with work top surfaces, single sink and drainer unit, built in oven with integrated electric hob with extractor fan, integrated washing machine and fridge freezer, open plan to lounge area, Bedroom 9'6 X 8'9 (2.90m x 2.67m) Double glazed windows to front x2, fitted wardrobe and double radiator Shower Room Tiled floor and part tiled walls, low level WC, wash hand basin, corner shower cubicle with wall mounted shower attachment, chrome heated towel rail, spot lights to ceiling and extractor fan This property is available with a Deposit Free option which means that instead of paying a traditional five weeks security deposit, you pay a fee of one weeks rent + VAT (subject to a minimum of £120 + VAT) to become a member of a deposit free renting scheme which significantly reduces the up-front costs.
This fee is non-refundable and is not a deposit so cannot be used towards covering the cost of any future damage.
This property is available with a Deposit Free option which means that instead of paying a traditional five weeks security deposit, you pay a fee of 28% of the first months rent + VAT (subject to a minimum of £120 + VAT) to become a member of a deposit free renting scheme which significantly reduces the up-front costs.
This fee is non-refundable and is not a deposit so cannot be used towards covering the cost of any future damage.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Mercury Gardens, Romford
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