Fixed price
£235,000
(£404/sq. ft)
2 bed flat for saleMonkwood Close, Romford RM1
2 beds
1 bath
1 reception
581 sq. ft
EPC Rating: C
Added on
100 Key Properties
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About this property
Chain Free
Gated Development
Two Double Bedrooms
Communal Parking
Ample Storage Space
Separate Kitchen
1st Floor
Moments from Romford station
Gas central heating
Viewings highly recommended
A two-bedroom first-floor flat in a quiet gated development off Victoria Road, within walking distance of Romford station and town centre. Vacant now and offered chain-free, it works equally well as a first home or a buy-to-let, with a tenant able to move in straight after completion.
Living Area
A large lounge with double-glazed windows to a dual aspect, wall lighting and twin radiators, with a door through to the kitchen.
Kitchen
A separate kitchen fitted with a range of wall and base units and splashback tiling, an integrated gas hob and electric oven, space for further appliances, and a window to the rear.
Bedrooms & Bathroom
Two bedrooms off the hallway. Bedroom one has built-in double and single wardrobes and two windows to the front; bedroom two has a window to the side. The bathroom has a three-piece white suite, part-tiled walls and a tiled floor.
Additional Features
First-floor flat set within a gated development, with parking and secure door-entry to the blocks. Wood-effect flooring to the main rooms and double glazing throughout.
Investment Potential
Being sold with vacant possession and no onward chain, this is a straightforward purchase for an investor - a tenant could be placed immediately on completion. Estimated rental potential of around £1,700 pcm, reflecting a gross yield of approximately 8.7% at the £235,000 asking price (gross figure, before service charge, ground rent and other costs). Rental figure is an estimate only.
Location
Monkwood Close sits off Victoria Road, around half a mile from Romford station and town centre.
Trains: Romford station runs the Elizabeth line and London Overground, with direct services into London Liverpool Street in around 18 minutes and Tottenham Court Road in around 35 minutes - straight into the City and West End with no change. Strong tenant demand along this line.
Shopping & leisure: Romford town centre has The Liberty and The Mercury Mall, The Brewery retail and leisure park with its cinema, and the historic Romford Market
Green space: Lodge Farm Park is nearby for open space and walks.
Roads: The A12 (Eastern Avenue) gives road links towards London and out to the M25.
Vacant - no onward chain
Buy-to-let potential: Est. ~£1,700 pcm (approx. 8.7% gross yield)
Two bedrooms - bedroom one with built-in wardrobes
Separate kitchen with integrated gas hob & electric oven
Large dual-aspect lounge
Gated development with secure door-entry & parking
Around 0.5 miles to Romford Station (Elizabeth line & Overground)
Leasehold - 97 years remaining
Hallway - 9'2" x 5'11"
Lounge - 16'5" x 10'10"
Kitchen - 10'0" x 6'11"
Bedroom One - 11'8" x 10'0"
Bedroom Two - 9'11" x 9'2"
Bathroom - 7'0" x 6'1"
Cupboard - 2'10" x 2'0"
Storage - 4'0" x 2'5"
Tenure: Leasehold
Lease term: 97 years
Ground rent: £150 per annum (paid £75 every 6 months)
Service charge: £1,740 per annum (paid £145 pcm)
Building insurance: £850.96
EPC Rating: C
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More information
Tenure
Leasehold (97 years)
Service charge
£145 per month
Council tax band
C
Ground rent
£150
Ground rent date of next review