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1 bedroom flat for sale

Old Mill Place, London Road, ROMFORD, RM7 9QF

Sold by Us £198,000

Property Description

Key features

  • Generating 4.8% Yield
  • One bedroom apartment
  • Allocated parking
  • First Floor Apartment

Full description

INVESTOR INFORMATION

Currently generating Gross rental yield of 4.8% based on £800 pcm and a purchase price of £198,000. With potential to generate a gross rental yield of 5.4% based on rental price of £900pcm and a purchase price of £198,000.

The current tenancy expires on 29th November 2016 after then the tenancy will roll onto a periodic tenancy with a two month break clause. Which means the current tenant and terms of the tenancy should be considered along with any letting agency terms applicable for the remaining terms of the tenancy.

The lease is understood to be 103 years. Annual service charge is in the region of £1246 and Ground rent of £750 per annum. All lease information and charges should be verified by the purchasers solicitors.

PROPERTY INFORMATION

Located just 0.6 miles of Romford town centre and main line station this property offers a great investment.

Communal entrance is via a security entry phone system with stairs leading to the first floor.

The reception hall is L-shaped with storage cupboard, radiator, entry phone system and access to all rooms.

Dual aspect lounge with double doors from the reception hall a double glazed window to front and side aspect radiator and carpeted flooring.

Bedroom One has a double glazed window to side, radiator, mirror fronted wardrobe to one wall.

This kitchen has a double glazed window to front aspect a range of base and eye level units incorporating inset sink freestanding cooker, fridge freezer and washing machine. Cupboard housing boiler and tiled splash back.

Bathroom has a window to side aspect, with a suite comprising of a panelled bath with mixer taps and shower attachment. Wash hand basin and low level wc.

Externally there is allocated parking for one vehicle, in addition to communal gardens.

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
06 September 2016

Floorplans

Map & Street View

Disclaimer - Property reference 302397. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Andrews Estate Agents, Romford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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