2 Bed Flat, Planning Permission, Romford, RM1 3HN, £300,000

Zetex Apartments, Mercury Gardens, Romford, RM1 3HN - 2 views - 2 months ago

Leasehold
Planning
ROI: 4%
~68 m²
+48 photos

ValuationFair Value

Sold Prices£102K - £870K
Sold Prices/m²£3.5K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£303,708

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,250

Rent Estimate

£1,556

Running Costs/mo

£1,269

Cashflow/mo

£287

Cashflow/yr

£3,448

ROI

4%

Gross Yield

6%

Local Sold Prices

49 sold prices from £102K to £870K, average is £270K. £3.5K/m² to £5.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£230K03/210.1 miFlat 10, Chartwell Place, Junction Road, Romford, Greater London RM1 3BF2
£285K09/210.1 miFlat 12, Chartwell Place, Junction Road, Romford, Greater London RM1 3BF2
£285K07/210.1 miFlat 4, Chartwell Place, Junction Road, Romford, Greater London RM1 3BF2
£268K11/220.13 miFlat 3, Upward Court, Junction Road, Romford, Greater London RM1 3QN2
£305K06/210.16 mi26a, Gilbert Road, Romford, Greater London RM1 3BX2
£210K09/210.18 miFlat 18, Longdon Court, Junction Road, Romford, Greater London RM1 3QY2
£320K08/230.21 miFlat 24, Hill Court, Main Road, Romford, Greater London RM1 3DA2
£268K10/230.21 miFlat 8, Hill Court, Main Road, Romford, Greater London RM1 3DA2
£280K05/230.23 miFlat 7, Raphael Court, Pettits Lane, Romford, Greater London RM1 4SE2
£276.5K02/230.23 miFlat 9, Raphael Court, Pettits Lane, Romford, Greater London RM1 4SE2
£310K01/210.29 mi40, Malt House Place, Romford, Greater London RM1 1AR2
£225K04/240.29 miWestern Court, Flat 8, Chandlers Way, Romford, Greater London RM1 3JR2
£232K11/220.29 miFlat 7, Western Court, Chandlers Way, Romford, Greater London RM1 3JR2
£266K05/210.3 mi3a, Carlton Road, Gidea Park, Romford, Greater London RM2 5AA2
£325K03/230.31 mi11, Lodge Avenue, Romford, Greater London RM2 5AB2
£280K02/230.34 mi55, Malt House Place, Romford, Greater London RM1 1AR2
£249K03/230.35 miFlat 7, Aishah Lodge, Aveley Road, Romford, Greater London RM1 4GF2
£272K02/210.42 mi58, Monkwood Close, Romford, Greater London RM1 2NQ2
£270K02/210.42 mi45, Monkwood Close, Romford, Greater London RM1 2NQ2
£258K04/210.42 mi43, Monkwood Close, Romford, Greater London RM1 2NQ2
£258K07/230.42 mi70, Monkwood Close, Romford, Greater London RM1 2NQ2
£240K12/230.42 mi37, Monkwood Close, Romford, Greater London RM1 2NQ2
£177K06/230.42 miFlat 12a, Victoria House, Victoria Road, Romford, Greater London RM1 2JS2
£102K12/200.42 miFlat 5, Allender Court, Riverside Close, Romford, Greater London RM1 1EF2
£170K06/230.43 mi26c, Albert Road, Romford, Greater London RM1 2PJ2
£870K09/210.43 mi5, Albert Mews, Romford, Greater London RM1 2PD2
£200K11/200.43 miFlat 19, Victoria Court, Victoria Road, Romford, Greater London RM1 2NU2
£105K09/230.45 miFlat 8, Brant Court, Riverside Close, Romford, Greater London RM1 1EG2
£270K12/210.45 miFlat 17, Brant Court, Riverside Close, Romford, Greater London RM1 1EG2
£273K11/220.45 mi1, Romside Place, Romford, Greater London RM7 7EE2
£277K12/210.45 mi6, Romside Place, Romford, Greater London RM7 7EE2
£300K05/230.47 miFlat 12, Calder Court, Riverside Close, Romford, Greater London RM1 1EN2
£275K11/200.47 miFlat 2, Calder Court, Riverside Close, Romford, Greater London RM1 1EN2
£279K03/210.48 mi22, Heath Park Court, Romford, Greater London RM2 5UA2
£270K01/210.48 mi14, Heath Park Court, Romford, Greater London RM2 5UA2
£275K10/220.48 mi10, Heath Park Court, Romford, Greater London RM2 5UA2
£265K09/210.49 miFlat 2, Graveney Court, Riverside Close, Romford, Greater London RM1 1EZ2
£270K06/210.49 miFlat 8, Graveney Court, Riverside Close, Romford, Greater London RM1 1EZ2
£320K06/210.49 mi24, Tudor Drive, Romford, Greater London RM2 5LH2
£355K03/230.5 mi48, Tudor Drive, Romford, Greater London RM2 5LH2
£155K07/230.5 miFlat 35, Gibson Court, Regarth Avenue, Romford, Greater London RM1 1AJ2
£315K10/210.53 mi9a, Tudor Drive, Romford, Greater London RM2 5LJ2
£325K08/210.53 mi7, Tudor Drive, Romford, Greater London RM2 5LJ2
£325K03/210.53 mi5, Tudor Drive, Romford, Greater London RM2 5LJ2
£290K02/210.53 mi7a, Tudor Drive, Romford, Greater London RM2 5LJ2
£285K05/230.57 miFlat 59, Tolbut Court, Lennox Close, Romford, Greater London RM1 2DY2
£225K12/200.59 mi67, Princes Road, Romford, Greater London RM1 2SP2
£270K01/210.59 mi236a, North Street, Romford, Greater London RM1 4QD2
£225K10/230.59 mi87, Princes Road, Romford, Greater London RM1 2SP2

Local Rents

50 rents from £1.4K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,80009/240 mi-2
£1,65010/240 mi-2
£1,75007/240 miLexicon Apartments, Mercury Gardens, Romford, RM12
£1,65007/240.02 miMercury Gardens, Romford2
£1,65007/240.02 miMercury Gardens, Romford2
£1,60007/240.03 miMercury Gardens, Romford, RM12
£1,60008/240.03 miEMAIL ONLY, do not call as you will be asked to email in any way.Mercury Gardens, Romford2
£1,65009/240.03 miIndex Apartments, Mercury Gardens, Romford2
£1,60007/240.03 miCentral Romford2
£1,69504/250.04 mi-2
£1,60007/240.11 miNayland Court, Market Place, Romford, Essex, RM12
£1,69507/240.11 miMarket Place, Romford, Essex, RM12
£1,70008/240.11 miNayland Court, Market Place, Romford, Essex, RM12
£1,70008/240.11 miMarket Place, Romford, RM12
£2,25008/240.11 miLofthaus, 47a Market Place, Romford, RM12
£1,70008/240.12 miNayland court, Romford, RM1 3EF2
£1,60008/240.12 miNayland Court, Romford, RM12
£1,85007/240.12 mi-2
£1,60008/240.12 mi-2
£1,40010/230.13 miSubhaan House - Junction Road - RM12
£1,70008/240.13 miWestern Road, Romford, RM12
£1,70007/240.17 miOaklands Avenue, ROMFORD2
£1,85004/250.17 mi-2
£1,60008/240.18 miHazeleigh House - Romford - RM12
£1,71508/240.18 miMercury Gardens, Romford, RM12
£1,71508/240.18 mi-2
£1,71509/240.18 mi-2
£2,00002/250.18 mi-2
£1,40007/240.18 miVerve Apartments Mercury Gardens Romford Essex2
£1,82501/240.19 mi-2
£2,00004/250.19 mi-2
£1,59507/240.19 miVerve Apartments, Romford, Essex, RM12
£1,40010/230.19 miVerve Apartments - Romford - RM12
£1,65008/240.19 miVerve Apartments, Romford, RM12
£1,69508/240.21 miMarket Link, Romford, RM12
£1,52508/240.22 miSouth Street, Romford, Essex, RM12
£1,55007/240.23 miSt. Edwards Way, Romford, RM12
£1,85008/240.23 miEldon Court, Romford, RM12
£1,85009/240.23 miEldon Court, Romford, RM12
£1,85009/240.23 mi-2
£1,60007/240.23 miRaphael Court, Romford, London, RM12
£1,55007/240.24 miRaphael Court, Pettits Lane, Romford, RM12
£1,90003/250.24 mi-2
£2,00004/250.24 mi-2
£1,95007/240.25 mi-2
£1,40002/250.25 mi-2
£1,82511/240.25 mi-2
£1,79502/250.25 mi-2
£2,00011/240.25 mi-2
£1,85008/240.25 mi-2

Local Area Statistics

Population in RM1

20,053

Population in Romford

124,481

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £300,000

March 7, 2025

Floor Plans

Description

  • A beautifully presented and fantastic size two bedroom second floor apartment located in the heart of Romford +
  • Lovingly maintained by the current owner who purchased the property brand new in 2007 when constructed by the reputable Barratt Homes +
  • Excellent size living space throughout +
  • Inviting entrance hallway with secure intercom entry system +
  • Lovely size lounge/diner with access to a balcony providing glorious views +
  • Modern kitchen +
  • Stunning family bathroom and en-suite shower room +
  • Two good size bedrooms with the master boasting an en-suite shower room and second bedroom also provides access to the balcony +
  • Long lease of approximately 138 years remaining, 24 hour concierge and a well equipped residents gym +
  • Allocated parking space with secure electric gated access +

GUIDE PRICE £300,000 - £325,000.

Welcome to Zetex Apartments, a beautifully presented second-floor flat located in the heart of Romford. This impressive two-bedroom apartment, constructed in 2007 by the esteemed Barratt Homes, has been lovingly maintained by its current owner who purchased the property brand new.

As you enter, you are greeted by a spacious and inviting hallway, complete with a secure intercom entry system for added peace of mind. The open-plan lounge and dining area is a highlight of the property, offering a generous living space that is perfect for both relaxation and entertaining. This area also boasts a delightful balcony, where you can enjoy glorious views and fresh air.

The modern kitchen is well-equipped and complements the living space beautifully. The master bedroom is a true retreat, featuring a stunning en-suite shower room that adds a touch of luxury. The second bedroom is also a good size and conveniently provides access to the balcony, making it a versatile space for guests or family.

With a long lease of approximately 138 years remaining, this apartment also includes an allocated parking space with secure electric gated access, ensuring convenience and security. Residents benefit from a 24-hour concierge service and a well-equipped gym, all accessible via fob entry.

Situated in an excellent location, this property offers easy access to a variety of amenities, making it an ideal choice for those seeking a vibrant lifestyle in Romford. This flat is not just a home; it is a lifestyle opportunity waiting to be embraced.

Enter the building via secure intercom entry. Welcoming communal entrance hall with stairs and lift access.
Entrance hall gives access to all rooms. Storage cupboard.
Bedroom one 19'4 max x10'2 wrap around double glazed window.
En-suite comprises larger than average shower, wash hand basin and WC. Heated towel rail. Part tiling to walls. Tiled flooring.
Bedroom two 12'0 max x 9'1 access is given to balcony.
Bathroom comprises white panel bath fitted with shower and glass splash screen door. Wash hand basin and WC. Part tiling to walls. Tiled flooring. Heated towel rail.
The heart of the home is the spacious lounge/diner/kitchen 22'7 max x 12'1 double glazed sliding door opens onto balcony with far reaching views. Wooden style flooring.
Kitchen offers a range of white high gloss wall and base mounted units with matching storage drawers. Work surfaces housing sink drainer. Electric hob, oven, extractor hood, dishwasher, washing machine and fridge/freezer to remain. Continuation of flooring.
Balcony is the perfect seating area to enjoy views.

Further Details:
Gated parking with fob access
Nest Home Heating
Communal Gym for residents with fob access
24/7 Concierge with lift access
Allocated numbered parking space
2nd floor apartment
Council Tax Band: D
Local Authority: Havering
Length of Lease: 138 years remaining
Ground Rent: £240.00
Annual Service Charge: £3,200

Disclaimer: Lease details, service charges, ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. All verification of property details should be made by your legal representative for the purchase of the property to ensure that all information including but not limited to; Tenure, lease information, parking facilities, planning permission and building regulations is accurate and correct.

The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as guide to prospective buyers only and are not precise.

Floorplans where included may not be to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.

Romford is a large town in East London and the administrative centre of the London Borough of Havering. It is located 14.1 miles northeast of Charing Cross and offers easy access to A13/M25 road links. Romford market is one of the oldest markets, ideal for shopping or grab a bite to eat in the fabulous indoor shopping centre. Queen's Hospital was built on the site of the former Oldchurch Park, a short distance south of the town centre.

Agent Details

Colubrid, Thurrock & Basildon

01375 803788

Next Steps?

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