1-bedroom flat · RM13 7PP
Sold STCListed 315 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is for Sale Via Modern Auction. Should you view, offer or bid on the property, your information will be shared with the auctioneer, I am sold.
No onward chain with this independent living apartment on the first floor, for the over 60's benefiting from responsive management and repairs, with communal residents parking (subject to availability) and a communal garden with Gazebo.
The development is situated within close proximity to mungo park local shops and amenities with bus services to Elm Park, Hornchurch, and Romford.
Potential purchasers must be over 60+ years of age and able to live independently.
Room sizes: Ground floor Communal Entrance First floor Hallway Lounge/Diner 15'7" x 8'8" (4.75m x 2.64m) Kitchen 7'1" x 6'6" (2.16m x 1.98m) Bedroom 12'8" x 7' (3.86m x 2.14m) Bathroom Outside Communal Parking Communal Grounds The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
If buying to rent, please check if Local Authority licensing schemes apply before proceeding. Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details.
Appliances & services are untested, dimensions are approximate and floor plans are not to scale. We are pleased to offer our customers a range of additional services to help them with moving home.
None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Douglas Allen, details of all referral fees can be found at the link below.
If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. Years remaining on lease: 79
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.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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
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FAQ
About Cloisters Court, Mungo Park Road, Rainham
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