Compact, chain-free retirement flat near Romford station for buyers wanting refurbishment potential.
Chain-free two-bedroom retirement flat for over-60s only
Allocated residents parking and communal residents' lounge
0.6 miles to Romford train station, local shops nearby
Accommodation dated; requires cosmetic updating throughout
Electric storage heating; reliant on electricity (no gas central heating)
Leasehold — c.89 years remaining; consider lease length implications
High annual service charge (~£4,000) and ground rent £220 pa
Located in a deprived area with higher local crime statistics
This two-bedroom retirement flat sits on Frazer Close, Romford, offered chain-free and designed for over-60s living. The apartment is compact but practical, with allocated residents’ parking, a communal lounge and an exterior outlook over small maintained landscaping. Romford station is about 0.6 miles away, giving reasonable access to local shops and services.
Internally the accommodation is dated and would benefit from cosmetic modernisation: carpets, kitchen fittings and bathroom are serviceable but worn, and heating is by electric storage heaters. The flat presents a straightforward opportunity for a buyer wanting a comfortable, low-maintenance retirement home or an investor prepared to update for rental appeal.
Buyers should note this is a leasehold property with c.89 years remaining, a substantial service charge (around £4,000 per year) and ground rent of £220 per year. There is no private garden space and the property is located in an area with higher crime levels and local deprivation indicators, which may affect long-term demand and resale value.
Overall, the flat is well suited to a purchaser seeking a purpose-built retirement property close to local amenities who accepts the need for modernisation and the ongoing ownership costs associated with the lease and service charges.
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