GROSS RENT / YIELD
£9,420 / 4.7%
NET RENT / YIELD
£5,485 / 2.7%
Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.
1 reception room
Prices in RM19 have increased 34% over the last 5 years (0% over the last 12 months) and are £203k which varies by property type (£149,000 for a 1-bed flat to £322,000 for a 5-bed detached property). On average, there have been 10 properties sold per month in the area in the last 12 months.
In comparison, prices in the wider Romford RM area are £324,000 (+1% over the last 12 months) and range between £182,000 for a 1-bed flat to £845,000 for a 5-bed detached property.
Rents in RM19 are now at £909 per month (+11% over the last 12 month). On average, there have been 10 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 5.2% which is higher than the national average of 4.7% and higher than the wider Romford RM area of 4.8%.
This property is currently achieving a gross yield of 4.6% which 13% lower than the area.
Source: REalyse - 26/04/2019 Note: prices and rent are median and averaged over the last 12 months, unless stated. Data from property listings is taken from c. 20 different sites and agents.
£9,420 p.a. / £785 pcm
TENANCY AGREEMENT STARTED
over 5 years ago
TENANCY AGREEMENT ENDS
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GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
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Profit & Growth
ANNUAL (PRE-TAX) PROFIT
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HPI GROWTH (PREV 5 YRS)
All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.
Purfleet is a modern village in the Thurrock unitary of Essex just outside the Greater London boundary. It is located between the A13 to the north, the river Thames to the south and within easterly bounds of the M25 motorway.
Purfleet railway station serves frequent trains to London Fenchurch Street taking around 30 minutes. Other travel destinations include Rainham, Barking, Grays, Tilbury and Southend. The station is on the c2c and London, Tilbury and Southend Line.
Benefitting from the riverside of the Thames Purfleet offers great opportunities for riverside walks, plenty of green areas and children playgrounds as well as a good choice of sports and leisure centres and the nearby Lakeside shopping centre.
Some of the big local employers include a Unilever site, producing Stork, Flora, Bertolli and ICBINB! Margarine; an Esso lubricants plant; the head office of Carpetright; High House Production Park, home of the Royal Opera House scene-making facility, Acme Studios & The Backstage Centre.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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