2-bedroom house · RM1 3QZ
Sold STCReduced £20k (−10%) on 13 JunListed 448 days
Opportunity summary
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About
**TWO BEDROOM FIRST FLOOR RETIREMENT APARTMENT WITH JULIET BALCONY** Situated in the fantastic development of Watermans is this delightful two bedroom apartment.
The property provides deceptively spacious accommodation and is presented in good order throughout. The Living Room provides ample space for living and dining room furniture.
A French door opens to a Juliet balcony with lovely views of the communal gardens and windows provide lots of natural light.
The Kitchen is accessed via the Living Room and offers a range of eye and base level units with working surfaces over and tiled splashbacks.
There is a built-in waist-height oven, 4 ring electric hob, and space for a full sized fridge/freezer. Bedroom One is a good-sized double room with built-in wardrobes.
A large window provides lots of natural light. Bedroom Two is another good-sized double. This room could also be used as a separate Living Room, Study or Hobby Room.
The Bathroom offers a full sized bath tub with overhead shower and a handrail, a WC, wash hand basin with vanity unit beneath.
Perfectly complimenting this wonderful apartment are two useful storage cupboards located in the hallway. Call us today to book your viewing at Watermans!
Watermans is a two-building development and consists of 39 one and two bedroom retirement apartments. Watermans residents enjoy living in an ideally situated location in Romford, Essex.
The development itself is surrounded by mature and attractive gardens where residents can sit and enjoy the warmer weather.
It also backs onto a small and quiet local park and is within close walking distance to transport links and an abundance of local amenities. The site is accessible by wheelchair.
Access to site is easy. Distances: bus stop 400 yards; shops 200 yards; post office 400 yards; town centre 200 yards; GP 200 yards.
The Court Manager is on hand throughout the day to support the Owners and keep the development in perfect shape.
They are also responsible for the day to day running of the court including looking after the Health & Safety, property management and resident engagement Regular Social activities organised by residents include coffee mornings, tea afternoons, fish and chips nights, and summer garden parties.
Watermans has been designed with safety and security at the forefront.
The apartment has an emergency Careline system installed, monitored by the onsite Development Manager during the day and 24 hours, 365 days a year by the Careline team.
Secure door entry system to flats and sophisticated fire and smoke detection systems throughout both the apartment and communal areas provide unrivalled peace of mind.
Watermans is managed by the award-winning Churchill Estates Management, working closely with Churchill Living and Churchill Sales & Lettings to maintain the highest standards of maintenance and service for every lodge and owner.
Watermans accepts residents over the age of 60. Service Charge (Year Ending 31st March 2027): £3,201.65 per annum. Ground Rent: £25 per quarter to be paid to Estates & Management.
Council Tax: Band C 99 year Lease commencing 1988 Please check regarding Pets with Churchill Estates Management.
Any consents given in relation to pets are subject to the terms of the lease and any further rules and regulations made by Churchill Estates Management.
Service charges include: Careline system, buildings insurance, water rates, communal lighting, heating and cleaning, communal utilities and maintenance, garden maintenance, Local Housing Manager.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Watermans, Romford, Greater London
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