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Nayland Court, Romford RM1 2 bed flat for sale
Flat 5 Nayland Court, Romford, Essex, RM1 3EF
£180,000
Flat 5 Nayland Court, Romford, Essex, RM1 3EF
£180,000
Our Summary
- Guide Price £180,000 Plus Fees For sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 25 June 2025 Apartment 2 Double Bedrooms Ground Floor Tenanted - £1225pcm 8% Yield Rental Increase is Imminent Purpose Build Development Situated on the ground floor of this stunning purpose built development, this well presented two bedroom flat is available with no onward chain
- Tenure Leasehold Terms Legal Pack To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
Description
This ground-floor apartment in a purpose-built development is being sold by unconditional online auction with a guide price of £180,000 plus fees. The property is tenanted and generates £1,225 per month, providing an 8% yield. The lease has 114 years remaining and is due for a rental increase. The apartment is well-presented throughout and features a fitted kitchen, two double bedrooms, and a fitted bathroom. The buyer will need to pay a 10% deposit and a buyers' administration fee of £1,200 plus VAT, and contracts will be exchanged immediately. The property is being sold with a full legal completion required 28 days following the auction. Registration is now open, and bidding will open on June 25, 2025, at 10:00 and close at 14:15.