Summary - 490 WINGLETYE LANE HORNCHURCH RM11 3DA
1 bed 1 bath Flat
Compact buy-to-let with garage and gardens — lease under 80 years, lending may be limited.
Top-floor studio flat, approx. 319 sq ft
A compact top-floor studio in Belmont House offering clear buy-to-let potential. The flat is offered with a private garage, gated communal parking, use of communal gardens and loft storage — conveniences that appeal to rental tenants and support a reported rental yield of around 7%. The apartment is straightforward in layout: one main living/bedroom, a small fitted kitchen and a three-piece bathroom.
There are material drawbacks that affect mortgageability and running costs. The lease has 74 years remaining; many mainstream lenders restrict lending under 80 years, so buyers should expect limited mortgage options or the need to extend the lease. Heating is by electric room heaters and the building has cavity walls with no installed insulation (assumed), so energy bills and improvement costs should be factored in.
Service charge and ground rent are modest (£1,080pa service charge; £20pa ground rent), and council tax is very low. Broadband speeds and mobile signal are strong and the local area scores as relatively affluent with low crime — positives for tenant demand. The flat will suit investors seeking an income-producing asset with scope for cosmetic updating rather than those looking for a long-term owner-occupier with easy mortgage availability.
Buyers should budget for modernization (cosmetic works, possible insulation and heating upgrades) and obtain specialist advice on lease extension costs and mortgageability before committing.
1 bedroom flat for sale in Hainault Road, Romford, RM5 3AA, RM5 — £185,000 • 1 bed • 1 bath • 301 ft²
Studio apartment for sale in Wingletye Lane, Hornchurch, RM11 — £190,000 • 1 bed • 1 bath • 470 ft²
Studio flat for sale in Church Road, Harold Wood, Romford, RM3 — £150,000 • 1 bed • 1 bath
Studio flat for sale in Conway Gardens, Grays, RM17 — £100,000 • 1 bed • 1 bath
1 bedroom flat for sale in Dalestone Mews, Romford, RM3 — £160,000 • 1 bed • 1 bath • 734 ft²
Studio flat for sale in Studio FOR SALE South Ockendon RM15 — £110,000 • 1 bed • 1 bath
