2 Bed Flat, Planning Permission, Romford, RM1 3FD, £325,000

Mercury Gardens, Romford, RM1 3FD - 2 views - 2 months ago

Sold STC
Leasehold
Planning
ROI: 1%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£102K - £870K
Sold Prices/m²£3.5K/m² - £7.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£298,505

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,400 - £2,000

Rent Estimate

£1,400

Running Costs/mo

£1,316

Cashflow/mo

£84

Cashflow/yr

£1,013

ROI

1%

Gross Yield

5%

Local Sold Prices

49 sold prices from £102K to £870K, average is £275K. £3.5K/m² to £7.4K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£225K04/240.16 miWestern Court, Flat 8, Chandlers Way, Romford, Greater London RM1 3JR2
£232K11/220.16 miFlat 7, Western Court, Chandlers Way, Romford, Greater London RM1 3JR2
£210K09/210.17 miFlat 18, Longdon Court, Junction Road, Romford, Greater London RM1 3QY2
£266K05/210.21 mi3a, Carlton Road, Gidea Park, Romford, Greater London RM2 5AA2
£230K03/210.22 miFlat 10, Chartwell Place, Junction Road, Romford, Greater London RM1 3BF2
£285K09/210.22 miFlat 12, Chartwell Place, Junction Road, Romford, Greater London RM1 3BF2
£285K07/210.22 miFlat 4, Chartwell Place, Junction Road, Romford, Greater London RM1 3BF2
£305K06/210.24 mi26a, Gilbert Road, Romford, Greater London RM1 3BX2
£268K11/220.26 miFlat 3, Upward Court, Junction Road, Romford, Greater London RM1 3QN2
£177K06/230.26 miFlat 12a, Victoria House, Victoria Road, Romford, Greater London RM1 2JS2
£170K06/230.26 mi26c, Albert Road, Romford, Greater London RM1 2PJ2
£870K09/210.27 mi5, Albert Mews, Romford, Greater London RM1 2PD2
£310K01/210.27 mi40, Malt House Place, Romford, Greater London RM1 1AR2
£325K03/230.28 mi11, Lodge Avenue, Romford, Greater London RM2 5AB2
£280K02/230.3 mi55, Malt House Place, Romford, Greater London RM1 1AR2
£320K08/230.31 miFlat 24, Hill Court, Main Road, Romford, Greater London RM1 3DA2
£268K10/230.31 miFlat 8, Hill Court, Main Road, Romford, Greater London RM1 3DA2
£272K02/210.32 mi58, Monkwood Close, Romford, Greater London RM1 2NQ2
£270K02/210.32 mi45, Monkwood Close, Romford, Greater London RM1 2NQ2
£258K04/210.32 mi43, Monkwood Close, Romford, Greater London RM1 2NQ2
£258K07/230.32 mi70, Monkwood Close, Romford, Greater London RM1 2NQ2
£240K12/230.32 mi37, Monkwood Close, Romford, Greater London RM1 2NQ2
£200K11/200.32 miFlat 19, Victoria Court, Victoria Road, Romford, Greater London RM1 2NU2
£280K05/230.35 miFlat 7, Raphael Court, Pettits Lane, Romford, Greater London RM1 4SE2
£276.5K02/230.35 miFlat 9, Raphael Court, Pettits Lane, Romford, Greater London RM1 4SE2
£155K07/230.36 miFlat 35, Gibson Court, Regarth Avenue, Romford, Greater London RM1 1AJ2
£279K03/210.41 mi22, Heath Park Court, Romford, Greater London RM2 5UA2
£270K01/210.41 mi14, Heath Park Court, Romford, Greater London RM2 5UA2
£275K10/220.41 mi10, Heath Park Court, Romford, Greater London RM2 5UA2
£285K05/230.41 miFlat 59, Tolbut Court, Lennox Close, Romford, Greater London RM1 2DY2
£225K12/200.45 mi67, Princes Road, Romford, Greater London RM1 2SP2
£225K10/230.46 mi87, Princes Road, Romford, Greater London RM1 2SP2
£249K03/230.47 miFlat 7, Aishah Lodge, Aveley Road, Romford, Greater London RM1 4GF2
£276K07/230.48 mi264a, South Street, Romford, Greater London RM1 2AD2
£294K02/210.48 mi150, Brentwood Road, Romford, Greater London RM1 2RX2
£245K08/210.5 mi61, Rushdon Close, Romford, Greater London RM1 2RE2
£296K09/230.51 mi67, Claremont Road, Hornchurch, Greater London RM11 1BY2
£285K02/210.51 mi45, Claremont Road, Hornchurch, Greater London RM11 1BY2
£295K10/220.52 mi40, Claremont Road, Hornchurch, Greater London RM11 1BZ2
£480K02/210.52 mi64, Claremont Road, Hornchurch, Greater London RM11 1BZ2
£315K12/220.53 miFlat 6, Narboro Court, Manor Road, Romford, Greater London RM1 2TA2
£295K01/230.53 miFlat 3, Narboro Court, Manor Road, Romford, Greater London RM1 2TA2
£280K06/210.53 miFlat 43, Image Court, Maxwell Road, Romford, Greater London RM7 0FJ2
£355K03/230.54 mi48, Tudor Drive, Romford, Greater London RM2 5LH2
£290K09/210.54 miFlat 62, Wave Court, Maxwell Road, Romford, Greater London RM7 0FA2
£285K12/210.54 miFlat 123, Pulse Court, Maxwell Road, Romford, Greater London RM7 0FG2
£102K12/200.54 miFlat 5, Allender Court, Riverside Close, Romford, Greater London RM1 1EF2
£272K04/240.54 miNarboro Court, Flat 9, Manor Road, Romford, Greater London RM1 2TA2
£272.5K03/210.55 miFlat 17, Lux Building, Maxwell Road, Romford, Greater London RM7 0FN2

Local Rents

50 rents from £1.4K/mo to £2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,71508/240.02 mi-2
£1,71509/240.02 mi-2
£2,00002/250.02 mi-2
£1,71508/240.02 miMercury Gardens, Romford, RM12
£1,40007/240.02 miVerve Apartments Mercury Gardens Romford Essex2
£1,82501/240.02 mi-2
£2,00004/250.02 mi-2
£1,59507/240.02 miVerve Apartments, Romford, Essex, RM12
£1,40010/230.02 miVerve Apartments - Romford - RM12
£1,65008/240.02 miVerve Apartments, Romford, RM12
£1,85004/250.09 mi-2
£1,40002/250.09 mi-2
£1,85008/240.1 miEldon Court, Romford, RM12
£1,85009/240.1 miEldon Court, Romford, RM12
£1,85009/240.1 mi-2
£1,95007/240.1 mi-2
£2,00008/240.1 miScimitar House, 23 Eastern Road, Romford, Essex, RM12
£1,90007/240.1 miScimitar House - Eastern Road - RM12
£1,95007/240.1 miScimitar House - Eastern Road - RM12
£1,90007/240.1 miScimitar House - Eastern Road - RM12
£1,90008/240.1 miScimitar House - Eastern Road - RM12
£1,99307/240.1 mi23 Eastern Road , Romford , Essex, RM12
£1,80010/230.1 miScimitar House - Eastern Road - RM12
£1,95008/240.1 miScimitar House - Eastern Road - RM12
£1,70008/240.11 miWestern Road, Romford, RM12
£1,80008/240.12 miEastern Road, Romford, Essex, RM12
£1,70008/240.14 miEastern Road, Romford2
£1,60007/240.14 miMercury Gardens, Romford, RM12
£1,60008/240.15 miEMAIL ONLY, do not call as you will be asked to email in any way.Mercury Gardens, Romford2
£1,60007/240.15 miCentral Romford2
£1,65009/240.15 miIndex Apartments, Mercury Gardens, Romford2
£1,90003/250.15 mi-2
£2,00004/250.15 mi-2
£1,55007/240.16 mi-2
£1,55007/240.16 mi-2
£1,65011/240.16 mi-2
£1,95002/250.16 mi-2
£1,73303/250.16 mi-2
£1,85008/240.16 mi-2
£1,80010/240.16 mi-2
£1,90011/240.16 mi-2
£1,90009/240.16 mi-2
£2,00010/240.16 mi-2
£1,90004/250.16 mi-2
£1,90004/250.16 mi-2
£1,90004/250.16 mi-2
£2,00011/240.16 mi-2
£1,80009/240.17 mi-2
£1,65010/240.17 mi-2
£1,75007/240.17 miLexicon Apartments, Mercury Gardens, Romford, RM12

Local Area Statistics

Population in RM1

20,053

Population in Romford

124,481

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £325,000

March 5, 2025

Floor Plans

Description

  • Modern Development +
  • Allocated Parking +
  • Good Transport Links +
  • Large Private Balcony +
  • Two Double Bedrooms +
  • Open Plan Kitchen And Living Room +
  • Modern Bathroom +

Modern Development - Allocated Parking - Good Transport Links - Large Private Balcony - Two Double Bedrooms - Open Plan Kitchen And Living Room - Modern Bathroom

Situated within a desirable modern development, this two bedroom apartment could be ideal for first time buyers or investors alike.

This stylish apartment offers a fantastic open plan living, kitchen and dining area, creating a bright and spacious atmosphere perfect for relaxing or entertaining. The contemporary kitchen is fitted with sleek units and integrated appliances, ensuring both style and practicality. Large doors open onto a generous private balcony, providing an excellent outdoor space and panoramic views.

The property boasts two well proportioned double bedrooms, with one featuring built in wardrobes, which offer a comfortable retreat and a personal haven for unwinding. Optimising this well maintained apartment is a contemporary family bathroom.

This apartment also benefits from allocated parking.

Ideally located for excellent transportation links, such as Romford Overground and Underground Station, which offers the Elizabeth Line services for access to central London, as well as excellent road connectivity in the way of A12 and A127. The area also boasts excellent local amenities, including boutique shops, cafes, and restaurants, as well as green spaces such as Raphael Park for enjoying the great outdoors.

Contact Durden & Hunt for a viewing!

Council Band D Havering

Leasehold, Years Remaining: 119
Annual Service Charge: £2,096.48 (Invoice For Period 25/03/24 - 24/03/25)
Annual Ground Rent: We are advised there is no ground rent, buyers are advised to obtain their own verification.

Consumer Protection from Unfair Trading Regulations 2008. Misrepresentations Act 1967. Property Misdescriptions Act 1991.

Please be advised photography was taken prior to tenants being in place. These details are prepared as a general guide only and should not be relied upon as a basis to enter a legal contract or to commit expenditure. The sales particulars may change in the course of time and any interested party is advised to make a final inspection of the property prior to exchange of contracts or signing of a tenancy agreement. Durden & Hunt have not tested any apparatus, equipment, fixtures and fittings or services. Items shown in photographs are not necessarily included. On occasion photographs may be owner supplied. On most occasions features and facilities of a property are owner advised and potential buyers/tenants are advised to confirm these. Please note that service charge, ground rent and lease lengths are subject to change, and the information we have supplied was true at time of instruction. References to the tenure, lease length, ground rent and service charges for any property are based on information supplied by the seller, buyers are advised to obtain verification of these stated figures from their solicitor before purchasing. Any mention of planning potential or planning permission is based on the current owners opinion, a potential buyer should assume that this is a speculative opinion only and is not based on planning permission being granted or professional advice, unless otherwise stated. Any reference to distance to stations, amenities or schools are taken from portal estimated distances, buyers are advised to do their own research on distances. Buyers/Tenants must check the availability of any property and make an appointment to view before embarking on any journey to see a property. Durden & Hunt are a proud member of The Property Ombudsmen.

Agent Details

Durden & Hunt, Hornchurch

01708 206998

Next Steps?

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