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2 Bed Flat, Single Let, Romford, RM2 5UQ £275,000

College Court, Scholars Way, Gidea Park, RM2 5UQ - 3 views - 5 months ago
  1. Deal Search
  2. Romford
  3. RM2
  4. RM2 5UQ
Sold STC
Leasehold
BTL
ROI: 4%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

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Property History

Listed for £275,000

June 28, 2025

Floor Plans

Description

* NO ONWARD CHAIN* Set within the extremely popular Academy Fields development is this second floor apartment within walking distance to Gidea Park Elizabeth Line Station. Currently tenanted but will be sold vacant possession, current tenant to vacate Early August.

The reception hall provides access to living accommodation incorporating two double bedrooms respectively and a family bathroom/WC. The open plan living space incorporates an open plan modern fitted kitchen and lounge/diner.

The property is decorated throughout to neutral colours, gas central heating via radiators and double glazed throughout with a Juliette balcony opening up in the living room.

Externally, the grounds surrounding the apartment are well kept and the property offers an allocated parking space.

We understand from the vendor and their legal representative that a covenant is in place on the lease which stipulates that the property to be sold at 10% under market value. The current price reflects this reduction and has already been factored into the current asking price. Details of such should be verified by any interested parties legal representative.

We have been told from the vendors that the lease term is approximately 978 years unexpired. The ground rent is approximately £250.00 per annum and the service charge is approximately £1,500 per annum. Details of which need to be checked and verified by any interested legal representatives.

EPC B. Council Tax Band D.

Council Tax Band: D
Tenure: Leasehold (978 years)
Ground Rent: £250 per year
Service Charge: £1,500 per year

Agent Details

Charles Stratton, Gidea Park

01708 961010

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

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