Monkwood Close, Romford, RM1
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
581 sq ft
54 sq m
Key features
- 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
Description
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.
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
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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