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2-bedroom first floor flat residential investment

Romford, RM7 - Get Access

2 bed 1 bath

Description

An opportunity to acquire a first floor two-bedroom flat as a residential investment. The flat is currently let at £15,000 per annum. The location provides convenient access to local amenities and transport links. Ground Floor: Entrance to the side of the building with stairs to the first floor. First Floor: Living room, kitchen, two bedrooms and shower room with W.C. Tenancy: Let under the terms of an Assured Periodic Tenancy at a current rental of £1,250 per calendar month. Tenure: Remainder of a 168-year lease from 2nd June 2024. EPC Rating D. Council Tax Band B. Viewing: No internal inspections are available. Interested parties are requested not to contact the tenants direct.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 732 sq ft (EPC)

Valuing this first-floor two-bedroom flat involves assessing its 732 sq ft internal floor area in the context of the Romford market. The property occupies a mixed-use building on Dagenham Road with fair overall condition and dated external elements. Account is taken of the active tenancy generating £15,000 per annum and the long remaining lease term.

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