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See how verdicts work1-bedroom flat · RM5 2HR
Sold STCListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A second floor purpose built one bedroom flat, the accommodation includes, entrance hall, reception room, kitchen, double bedroom with built in wardrobe, bathroom.
Entrance Hall - Entrance door, carpet, intercom system, cupboard. Reception Room - 5.33m x 2.95m (17'6 x 9'8) - Double glazed window to rear, coved ceiling, carpet, radiator.
Kitchen - 2.97m x 2.62m (9'9 x 8'7) - Double glazed window to front, Boiler, laminate flooring, wall and base units, stainless steel single drainer sink, part tiled walls, plumbing for washing machine, cupboard.
Bedroom - 4.29m x 2.64m (14'1 x 8'8) - Double glazed window to rear, carpet, radiator, built in wardrobe, loft access.
Bathroom - Frosted window to front, Panelled bath, pedestal wash hand basin, low level WC, part tiled walls, radiator. Parking - Residents parking area.
Material Information - We have been advised by the sellers the following information. Lease Remaining: 87 years (from March 2026) Annual Ground Rent: £10.00 Annual Service Charge: £1,492.43
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 Defoe Way, Romford
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