Summary -
Flat 77,Nayland Court,Market Place,ROMFORD,RM1 3EF
RM1 3EF
2 bed 2 bath Flat
Auction lot with immediate rental income and near-term rent increase potential.
Two double bedrooms, one with en-suite
Situated on the first floor of a purpose-built development, this well-presented two-bedroom flat is arranged with two double bedrooms (one en-suite), a fitted kitchen, bathroom and private balcony. The current tenant pays £1,200 pcm on a rolling contract; a rent increase is due in December 2025, giving near-term income upside.
Offered for sale by online auction on 29 October 2025, the lot is leasehold and sold subject to the legal pack. The sale is unconditional: successful bidders must pay a 10% deposit (minimum £5,000) and a buyers administration fee (£1,200 + VAT), with legal completion typically required within 28 days. Prospective purchasers should review the legal pack for lease details, service charges and any additional fees.
At the listed price of £150,000 the property produces a gross rental yield of about 9.6% at the current rent, making it a straightforward opportunity for investors seeking immediate income. The flat has been redecorated and fitted with new carpets, reducing short-term refurbishment needs.
Be mindful of location-specific factors: the local area is described as inner-city cosmopolitan with very high crime levels, and the property is in a busy town centre with average broadband but excellent mobile signal. These considerations affect tenant demand and management approach; the property suits buyers comfortable with urban investment locations and auction purchase processes.
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