1 reception room
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Prices in RM3 have increased 37.28% over the last 5 years (0% over the last 12 months) and are £320k which varies by property type (£202k for a 1-bed flat to £774k for a 5-bed detached property).
On average, there have been 52 properties sold per month in the area in the last 12 months.
Rents in RM3 are now at £1,240 per month (-1% over the last 12 month).
On average, there have been 23 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 4.9% which is 0.2% higher than the national average of 4.7%.
This property is currently achieving a gross yield of 4.5% which 9% lower than the area.
Source: REalyse - 26/03/2019
£10,200 p.a. / £850 pcm
TENANCY AGREEMENT STARTED
29 months ago
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
The borough is within the London Riverside Opportunity Area, which is a regeneration scheme that will transform previous brown belt sites along the Thames; Romford, Gidea Park and Harold Wood will be connected to the Elizabeth line in 2019; green spaces are great for families.
Connectivity & Transport
The area ticks all of the boxes for renters looking for a home on the outskirts of the capital: it has a thriving nightlife scene, a growing business sector, a famous market, good schools, as well as excellent transport facilities. It is also ideal for those wanting to be in London whilst being closer to the Essex countryside; a short drive along the A12 will take you to the rural town of Brentwood, whilst the A127 will take you directly to the popular Essex beach, Southend-on-Sea.
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
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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