Summary - 28A THE BROADWAY HORNCHURCH RM12 4RW
1 bed 1 bath Flat
Large one-bedroom flat with garden and parking — auction sale for cash buyers..
Large 788 sq ft one-bedroom flat with front garden and off-street parking
Sold at auction — 56-day reservation period and non-refundable reservation fee
Lease c.62 years remaining — likely to restrict mortgage lending
Described in good condition; suitable for immediate occupation or light refurbishment
Mixed-use building over retail units — potential investment income stream
Area affluent with fast broadband and excellent mobile signal
Above-average local crime rate — consider security/rental impact
Cash buyers or specialist finance likely required due to lease and auction sale
This one-bedroom flat on The Broadway, Hornchurch, offers a large 788 sq ft layout with a front garden and off-street parking — a rare combination for a central, mixed-use high-street location. The property is described as being in good condition, with a spacious bathroom and convenient access to Elm Park/Hornchurch transport links and local shops.
Important practical points are straightforward: the sale is by auction with a 56-day reservation period and a non-refundable reservation fee (4.5% of the sale price, minimum £6,600). The lease has approximately 62 years remaining, which may prevent mortgage lenders from lending; this is primarily a cash-buyer or specialist-finance purchase. Buyers should review the Buyer Information Pack and legal documents before bidding.
For investors or buyers seeking a refurbishment opportunity, the flat sits above retail units in a mid-20th-century building and benefits from good broadband and excellent mobile signal. The area is affluent with many local amenities and good-performing primary and secondary schools nearby, but the immediate neighbourhood records above-average crime — a factor to consider for rental use or resale.
This property suits a cash buyer or investor prepared to manage leasehold considerations and auction procedures. It presents steady rental potential or short-term refurbishment upside given the size and location, but the lease length and auction fees are material negatives that affect mortgageability and total purchase cost.
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