1 reception room
Length of lease: 125 years starting in 1993
The listings particulars haven't yet been reviewed by the vendor and are therefore not final.
Prices in RM7 have increased 40.39% over the last 5 years (0% over the last 12 months) and are £336k which varies by property type (£205k for a 1-bed flat to £560k for a 5-bed detached property).
On average, there have been 36 properties sold per month in the area in the last 12 months.
Rents in RM7 are now at £1,235 per month (+1% over the last 12 month).
Given prices in the area, gross yield is currently 4.8% which is 0.1% higher than the national average of 4.7%.
This property is currently achieving a gross yield of 4.8% which in line with the area.
Source: REalyse - Accessed 23/03/2019
£10,740 p.a. / £895 pcm
TENANCY AGREEMENT STARTED
8 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.
VIEW FINANCIALS WITH
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)
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.
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.
Old Mill Place,
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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