Summary -
Flat 77,Nayland Court,Market Place,ROMFORD,RM1 3EF
RM1 3EF
2 bed 2 bath Flat
Well-presented two-bedroom flat with immediate rental income and auction sale terms.
Two double bedrooms, one with en-suite bathroom
Located on the first floor of a modern purpose-built block, this well-presented two-bedroom flat offers straightforward rental income and immediate possession for an investor buyer. The apartment includes two double bedrooms (one en-suite), a fitted kitchen, family bathroom, balcony and has been redecorated with new carpets throughout.
Currently tenanted on a rolling contract at £1,200 pcm (£14,400 pa), the property produces immediate income with a rental increase due December 2025. Offered at £165,000 and selling at online auction, this lot will complete under unconditional auction terms — buyers should review the legal pack for lease details and additional fees.
Practical considerations: the property is leasehold, sold at auction with a 10% deposit (minimum £5,000) and a buyers’ administration fee on exchange. The building and flat are described as well maintained, but the surrounding area records very high crime levels and an inner-city, busy town-centre environment, which may affect tenant profile and resale.
This is a clear fit for investors seeking immediate rental return from a modern, low-maintenance flat in a major conurbation. Owner-occupiers should note the auction sale process, leasehold tenure, and local area characteristics before bidding.
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