1 bedroom retirement property for sale

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1 bedroom retirement property for sale

9 Admiral Lodge, Western Road, Romford, Essex, RM1 3LN
£80,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 26TH FEBRUARY 2025 AT 12

Description

This one-bedroom retirement apartment is a prime buy-to-let investment opportunity located in central Romford, just a short walk from the town center and train station. The property is situated in a block of 18 self-contained apartments with communal parking and gardens, and features a Juliet balcony overlooking the garden. The apartment has a lounge/dining room, kitchen, bedroom, and bathroom, and is subject to a 99-year lease with 63 years remaining. The lease specifies that the occupier must be 60 years of age or over, making it an ideal investment for those looking to target this demographic. The service charge is £2871 per annum and the ground rent is £100 per annum, and there is a strict no pets policy. The property is being sold by public auction on February 26th, 2025, with bidding available by telephone, proxy, and online.
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