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Studio for sale

£150,000 Guide price

London Road, Romford RM7

Studio for sale 1 1
Interested in this property? Call +44 1322 584475 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Lease in excess of 100 years
  • Brilliant investment or downsizing opportunity
  • Communal courtyard
  • Bathroom
  • Separate fitted kitchen
  • Great location offering walking access to romford town centre
  • Studio apartment
  • Chain free

Property description



**guide price** £150,000 - £160,000**

Do not miss out on this fantastic first time or investment opportunity! Located within walking distance to Romford Town Centre and Elizabeth line, commuters can find themselves from front door to the city in less than 45 minutes!

This studio was once the loving haven for the current owner who found the location superb! An exterior space to wonder away the evening whilst gazing at Romfords chimney pots is something of a rarity in the setting.

A little bit of tlc and this can be the perfect home for single persons and couples alike. A great yield on offer for investment buyers circa 6.2%

Exterior

Shared communal space, space to be able to hang washing, wooden garden shed, lovely panoramic views of Romford chimney pots, all hard standing.

Entrance Hallway 1.04m x 1.64m

Door to bathroom, door to reception/sleeping area plus door to storage cupboard, security entry phone system, carpeted flooring, coved ceiling, internal windows to both rooms, ceiling light, ceiling affixed smoke detector.

Kitchen 4.85m x 3.33m

Array of eye and base level units with display unit features as well and storage drawers, decorative work surfaces with an inset four ring electric hob and extractor unit over, double glazed UPVC window to the rear aspect, natural wall air vent, tiled splashbacks, wood effect flooring, ceiling light with crane spotlight features, bi-fold doors, space and plumbing for washing machine, sink with 1/2 drainer with mixer tap over.

Living / Bedroom 3.17m x 4.85m

Double glazed UPVC French doors to the rear aspect which leads into a communal garden area with hard standing, large UPVC window to that aspect as well, fitted door to fitted cupboard, internal glass pane door to the hallway space, two ceiling lights, door to kitchen.

Bathroom 1.96m x 2.56m

Three piece suite comprising of pedestal wash hand basin with hot and cold taps over, low level WC with flush handle functionality, bath with telephone style taps and a hand held telephone style attachment, fixed shower pole, fixed shower head holder, shower curtain rail, tiled floors, tiled to full bath enclosure, tiled splashbacks, wall affixed heat extractor unit, wall affixed vanity cabinet, coved ceiling and ceiling light.

EPC band: E

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Property info

Floorplan(s): Floor Plan

Floor Plan View original

Property value data/graphs for RM7

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £519,953 £318 3.2 £537,083
Semi-detached £478,749 £336 3.1 £446,315
Terraced £423,239 £316 3.0 £415,152
Flats £281,155 £365 1.7 £233,236

Current asking prices in RM7

Average: £369,601
Avg. current asking prices in RM7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £250,000
(1)
£375,417
(12)
£467,400
(25)
£550,500
(9)
£675,000
(3)
Flats £206,363
(22)
£282,500
(12)
£380,000
(2)
- -
All £208,261
(23)
£328,958
(24)
£460,926
(27)
£550,500
(9)
£675,000
(3)

Current asking rents in RM7

Average: £2,201 pcm
Avg. current asking prices in RM7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,250 pcm
(2)
£1,798 pcm
(1)
£2,179 pcm
(7)
£2,448 pcm
(7)
£3,501 pcm
(1)
Flats £1,215 pcm
(7)
£2,061 pcm
(7)
£2,251 pcm
(2)
- -
All £1,222 pcm
(9)
£2,028 pcm
(8)
£2,195 pcm
(9)
£2,448 pcm
(7)
£3,501 pcm
(1)

Fun facts for RM7

Highest value in RM7
Highest value streets Zed-Index
Burleigh Close £508,205
Laurel Crescent £452,797
Burlington Avenue £449,920
Fernden Way £449,604
Philip Avenue £448,895
Highest turnover in RM7
Highest turnover streets Turnover
Susan Close 40.0%
Cotleigh Road 35.3%
Stanford Close 33.3%
Lupin Close 29.0%
Blandford Close 28.6%
Arrange Viewing

For more information about this property, please contact
Yopa, LE10 on +44 1322 584475 * (local rate)

Monthly running costs Beta

£753 Monthly total

Mortgage

Purchase price
Deposit (10%) 15,000
Repayment term 25
Interest rate 2.0
Your payment £572 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy

Gas £16 Electricity £31 Estimated energy cost £47/mo

Similar properties could save up to £139

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Havering

Estimated tax band A Council tax cost £106 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £12 Sewerage £16 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Yopa, and do not constitute property particulars. Please contact Yopa for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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