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Nayland Court, Romford RM1 2 bed flat for sale
Nayland Court, Romford RM1
£180,000
Nayland Court, Romford RM1
£180,000
Our Summary
- Guide Price £180,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 25 June 2025Apartment2 Double BedroomsGround FloorTenanted - £1225pcm8% YieldRental Increase is ImminentPurpose Build DevelopmentSituated on the ground floor of this stunning purpose built development, this well presented two bedroom flat is available with no onward chain
- TenureLeasehold TermsLegal PackTo 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 apartment is being sold by online auction on June 25, 2025, with a guide price of £180,000 plus fees. The property is a two-bedroom flat situated on the ground floor of a purpose-built development, with a tenancy agreement in place generating £1,225 per month, resulting in an 8% yield. The lease has 114 years remaining and is due for a rental increase. The property is well-presented throughout and has a fitted kitchen, two double bedrooms, and a fitted bathroom. The sale is unconditional, and the buyer will be required to pay a 10% deposit and a buyer's administration fee of £1,200 plus VAT upon the fall of the hammer. The auction conditions require a full legal completion within 28 days of the auction, and additional fees, costs, and charges may apply.