Nayland Court, Market Place, Romford, RM1 3EF

Fantastic investment opportunity with tenant-in-situ, £1300 immedaite rental income. Lucrative potential rental yield of approximately 8%.

Being sold via traditional auction with tenants-in-situ is this two-bedroom second floor flat. The property benefits from an entrance hall with two storage cupboards, an 18ft living room, a 13ft fitted kitchen with some integrated appliances, two double bedrooms the principle bedroom benefitting from an en-suite shower room, a balcony & fitted wardrobes and finally a three-piece bathroom suite.

Service Charge - £2785.96 pa Ground Rent - £250 pa

Lease - 105 years remaining

Agents note: Residents of Nayland Court are applicable to receive a 25% discount at Q-Park multi-storey car park which equates to around £127.68 per month (unlimited, 7 days per week).

Situated 0.36 miles to Romford Station which benefits from Elizabeth Line services allowing access to London, Heathrow and as far as Reading. Romford station which also benefits from National Rail Services makes it possible to reach Stratford in just 8 minutes and London Liverpool Street in 17 minutes. Romford town centre hosts an array of bars, restaurants, shops, amusements and shopping centres such as The Brewery, The Liberty, Mercury and more. There are also green spaces in Romford and the surrounding areas including Cottons Park, Lodge Farm Park, Raphael Park.

Method of Sale

The property is to be sold by traditional auction.

Finance your purchase

Traditional auction requires immediate payment of a deposit and therefore we would recommend you have an Agreement in Principle (AIP) before bidding.  If you require advice on how to finance a purchase through traditional auction, please contact us in branch.

Fees

A non-refundable fee of 4.20% of the purchase price inc VAT (subject to a minimum of £6,600 inc VAT) is payable, in addition to the purchase price, by the successful bidder to secure the purchase of the property.  Although paying a fee may seem daunting it shows your commitment to the seller, and it also secures their commitment to you.

Bidding online

Register, make an offer and bid via the auctions section on the Andrews website.

Offers can be made on a property at any time before the end of the auction via the website. The seller can choose to accept an offer at any time before or during an auction cycle, should they so wish, ending the auction immediately. All auction terms and conditions still apply.

The registration process, to offer and bid, is extremely simple and free.  Please visit the Andrews website and click on the auction tab at the top to get started.

Communal Entrance Lift & stairs available to court yard with further entrance to block and stairs to accommodation

Entrance Hall Smooth ceiling, video entry phone system, X2 built in storage cupboards, doors to accommodation, laminate flooring

Kitchen 13'27>9'96 x 6'97 - Smooth ceiling, inset spotlights, double glazed window, wall mounted electric radiator, a range of eye and base level units with worktops over, stainless steel sink with mixer tap & drainer, integrated oven, electric hob with extractor hood over, integrated dishwasher, space for further appliances, tiled flooring

Living Room 18'26>9'45 x 17'22 - Smooth ceiling, double glazed window, wall mounted electric radiator, laminate flooring

Bedroom One 18'26>9'28 x 10'05>4'79 - Smooth ceiling, double glazed window and door leading to balcony, wall mounted electric radiator, fitted wardrobe, door leading to en-suite

En-Suite 7'24 x 4'89 - Smooth ceiling, extractor fan, heated towel rail, low level WC, wall mounted sink with mixer tap, shower cubicle with mixer tap, complimentary tiles, tiled flooring

Balcony Views overlooking Romford market

Bedroom Two 11'82 > 8'20 x 10'76 - Smooth ceiling, double glazed window, wall mounted electric radiator

Bathroom 7'17 x 5'80 - Smooth ceiling, inset spotlights, extractor fan, heated towel rail, low level WC, wall mounted sink with mixer tap, panel bath with mixer tap & wall mounted shower attachment, complimentary tiles, tiled flooring