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 flat · RM1 3QS
Sold STCListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £230,000-£240,000 This first floor apartment offers open plan living/kitchen area, bathroom, one double and single bedroom and also benefits from having residents parking and communal gardens to rear.
Being offered with no onward chain makes this a great find. Communal Entrance Security telecoms system. Communal Hall Stairs leading to all floors.
Entrance Door To Accessed via the first floor. Hallway Main entrance door, security telecoms system, fuse box, doors leading to all rooms.
Open Plan Living / Kitchen Area 12'9 x 18'4 Laminate flooring, radiator, double glazed bay window, matching wall and base level units with work tops, integrated sink, four ring gas hob, oven and extractor fan, part tiled walls and boiler.
Bedroom One 13'3 x 9'2 Radiator, double glazed window to rear aspect. Bedroom Two 5'8 x 9'2 Obscured double glazed window, radiator.
Bathroom Lino flooring , part tiled walls, pedestal sink basin, low level WC, panelled bath with mixer tap and shower attachment, heated towel rail and obscured double glazed window.
Parking Residents parking.
Agents Note Lease: 104 years remaining on the lease Ground rent: £300 Maintenance: £1450 The above information is an approximate figure, please verify with your legal representative.
Currently Tenanted 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
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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
FAQ
About 7 Junction Road, Romford
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