We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · RM1 3QZ
Sold STCListed 112 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**ONE BEDROOM GROUND FLOOR RETIREMENT APARTMENT WITH PATIO** Churchill Sales & Lettings are pleased to be marketing this lovely one bedroom ground floor apartment.
The property is presented in good order and offers deceptively spacious accommodation throughout. The Living Room offers ample space for living and dining room furniture.
A French door opens to a private patio area with garden views, and windows provide lots of natural light.
The Kitchen offers a range of eye and base level units with working surfaces over and tiled splashbacks.
There is a built-in oven, 4 ring electric hob, a fridge/freezer and space for a washing machine. The Bedroom is a good-sized double room with fitted wardrobes and bedside tables.
There is plenty of space for additional bedroom furniture if desired and a window keeps this room bright and airy.
The Shower Room offers a large shower with a handrail and a seat, a WC, wash hand basin with vanity unit beneath and a heated towel rail.
Perfectly complementing this wonderful apartment is a useful storage cupboard located in the hallway. Call us today to book your viewing!
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 B 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
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 Watermans, Romford, Essex
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