Studio flat · RM7 7LP
Listing removedListed 399 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £180,000 - £190,000 If you have a busy life and you're looking for an easy to maintain 'city living' style apartment, then this studio will be the ideal home for you.
It has secure underground parking and security entry. The location is excellent for commuters - as this is within easy walking distance to Romford Station, town centre and all transport links.
Communal Entrance Giving access through to communal hallways, stairs & lift rising to all floors, own front door leading to hallway Hallway Access to rooms, video entry phone system, storage cupboard, wall mounted boiler Lounge/Kitchen 15'6 x 15'8 Kitchen Area Range of units comprising of work surfaces with drawers & cupboards beneath, matching eye level units over, inset sink with drainage unit, four ring gas hob & oven with extractor hood above, space for white goods, laminate wood flooring, two radiators, storage cupboard Lounge Area Double glazed window to the rear, double glazed double doors to balcony, laminate wood flooring, radiator Balcony 6'11 x 4' Retained by railings & glass, decked flooring Bedroom Area 10'6 x 6'7 Radiator, laminate wood flooring Bathroom/WC White suite comprising of low level wc, pedestal wash hand basin, tiled shower cubicle, radiator, extractor fan, part tiled walls External Communal grounds, allocated parking Agents Note Council Tax Band C Lease 108 Years Remaining Ground Rent - £132.5 per 6 months Service Change - £872.60 per 6 months These pictures were taken prior to the tenant moving in.
We recommend all buyers to check out the ‘mobile phone coverage’ and refer you to the Ofcom checker website.
The above info is an approximate figure please speak to your solicitor in regards to your legal obligation Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Fern Court, Romford, RM7 7LP
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