2-bedroom flat · RM6 5NS
For saleListed todayAuction 11 Nov · in 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Vacant Third Floor Two Bedroom Flat
The property comprises a third floor two bedroom flat situated within a purpose built block arranged over ground and fourteen upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 2nd December 2019 (thus approximately 118 years unexpired ).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of St Chad's Park are within easy reach.
Transport links are provided by Chadwell Heath underground station (Elizabeth line) and Romford rail station.
Accommodation
Third Floor
Reception Room Kitchen Two Bedrooms Bathroom
Exterior
The property benefits from communal gardens and communal parking.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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
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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 15 Highview House, Hatch Grove, Romford, Essex, RM6 5NS
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