GROSS RENT / YIELD
£10,200 / 4.5%
NET RENT / YIELD
£7,508 / 3.3%
1 reception room
Length of lease: 125 years from 1998
The listings particulars haven't yet been reviewed by the vendor and are therefore not final.
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
19 months ago
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
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.
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