1-bedroom flat · RM1 3HG
Sold STCListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Abc Gone are pleased to present this spacious and well-maintained one-bedroom flat located in the popular Lexicon Apartments on Mercury Gardens, right in the heart of Romford.
This modern apartment offers a bright and practical layout, making it an ideal choice for first-time buyers, professionals, couples, or buy-to-let investors looking for a well-located property with strong access to local amenities and transport links.
The property benefits from a spacious entrance hallway, a large double bedroom, a modern three-piece bathroom with bathtub, and a bright open-plan living and dining area.
The living space enjoys pleasant views, giving the apartment a light and airy feel throughout.
The fully fitted kitchen includes integrated appliances, including a washing machine, dishwasher, oven and fridge.
It is neatly positioned within the open-plan layout, creating a clean, modern and practical space for everyday living.
Lexicon Apartments is set in a highly convenient Romford town centre location, with shops, supermarkets, cafés, restaurants, gyms and everyday amenities all close by.
The Mercury Shopping Centre, The Liberty Shopping Centre and Romford's main high street are within easy reach, offering a wide choice of retail and leisure options.
For commuters, Romford Station is nearby, providing excellent links into London and surrounding areas via the Elizabeth line and National Rail services.
There are also regular bus routes from Mercury Gardens, making travel around Romford, Dagenham, Rainham, Queen's Hospital and nearby areas simple and convenient.
The property also benefits from residents' parking, adding further convenience for buyers who require parking within the development.
This property is offered with a long lease remaining and would make a fantastic home or investment opportunity in one of Romford's most convenient apartment developments.
Lease Information Lease remaining: Approximately 134 years and 6 months Original lease: 155 years from 5 January 2006 Service charge: Approximately £3,000 to £3,500 per year, not fixed Ground rent: £180 per year Guide Price: £210,000 to £220,000 Early viewing is highly recommended to appreciate the size, location and convenience this apartment has to offer.
Council Tax Band: C (London Borough of Havering | Housing Services) Tenure: Leasehold (134 years) Ground Rent: £180 per year Service Charge: £3,000 per year
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
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 advisors 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 107, Lexicon Apartments, Essex
Explore nearby
.png){kind=logo}
