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Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Asking price is 9% above the area median. Offers anchored to area median of £219,000. Note: listed as "Offers Over" — vendor expects full asking price or above.
🔨 Refurb Cost Estimate
AI condition score: 7/10 · London rates
| Room | Estimated Refurb Cost |
|---|---|
| Kitchen | £2,650 |
| Bathroom | £2,000 |
| Living Room | £1,150 |
| Master Bedroom | £1,300 |
| Bedroom 2 | £1,300 |
| Entrance Hall | £250 |
| Total Estimated Refurb | £7,250 |
⚠ Indicative estimates only. Based on photo condition score and regional benchmarks for a typical 2–3 bed property. Always obtain contractor quotes before committing to a refurb budget. Photo AI may over-flag minor cosmetic issues.
🔧 Local Trades
| Trade | Name | Phone | |
|---|---|---|---|
| builder | M Cole Builders: Builders | Building Services | Romford | 01708 755771 | — |
| decorator | Painters and Decorators Romford | Byron Quality Decorators | 01708 378 624 | — |
| photographer | Essex Wedding Photographer | Natural Wedding Photography | 07887 517 536 | — |
Property Details
- Asking Price
- £240,000
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Est. Floor Area
- 500–600 sqft (est.)
- Article 4 Area
- ⚠️ Yes — SA/HMO may need planning consent
📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £20,472 | £247,200 | £14,295 | £5,295 | £12,495 | 15.9% |
| Yr 3 | £21,508 | £262,254 | £15,041 | £16,999 | £39,254 | 50.1% |
| Yr 5 | £22,597 | £278,226 | £15,825 | £30,252 | £68,478 | 87.3% |
| Yr 10 | £25,567 | £322,540 | £17,963 | £70,686 | £153,226 | 195.4% |
| Yr 15 | £28,926 | £373,912 | £20,382 | £122,639 | £256,551 | 327.2% |
| Yr 20 | £32,728 | £433,467 | £23,119 | £187,624 | £381,091 | 486.1% |
| Yr 25 | £37,028 | £502,507 | £26,215 | £267,355 | £529,862 | 675.8% |
| Yr 30 | £41,894 | £582,543 | £29,719 | £363,769 | £706,312 | 900.9% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
Planning Applications Nearby (within 0.5 miles)
5 planning applications found within 0.5 miles — 🔒 sign in for references, descriptions and status
View all planning applications on your dashboard →
● Approved ● Pending ● Refused
🌎 Area Profile — Greater London ⓘ What are deciles?
📄 Lease Information
Estimated remaining lease: 92 years.
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £1,449 | 7.2% | 4.5% | £-70 | -5.2% |
| Conservative | £1,586 | 7.9% | 5.4% | £248 | 4.8% |
| Base | £1,705 | 8.5% | 6.0% | £441 | 9.2% |
| Optimistic | £1,841 | 9.2% | 6.6% | £651 | 14.2% |
| Bull | £2,012 | 10.1% | 7.5% | £892 | 20.6% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●8.53% |
| Net Yield | ●5.95% |
| Net Annual Income | £14,286 |
| Deductions: void 8% (−£1,638) · mgmt 10% (−£2,047) · maint 10% (−£2,047) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £748 |
| Monthly Cashflow (IO) | ●£442 |
| Cash-on-Cash Return | ●6.74% |
| 5-Year IRR | ●9.2% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £14,300 |
| SDLT Effective Rate | 5.96% |
| SDLT (Company) | £14,300 |
| Section 24 Extra Tax/yr (higher rate) | £1,800 |
| SPV Annual Saving | £3,425 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £278,226 |
| Less: Purchase Price | −£240,000 |
| Less: Buying Costs (SDLT + legal) | −£16,900 |
| Less: Selling Costs (est. 2.5%) | −£6,956 |
| = CGT Net Gain (5yr) | £14,370 |
| CGT at 24% | £2,729 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £1,449 | 7.2% | 4.5% | £-70 | -5.2% |
| Conservative | £1,586 | 7.9% | 5.4% | £248 | 4.8% |
| Base | £1,705 | 8.5% | 6.0% | £441 | 9.2% |
| Optimistic | £1,841 | 9.2% | 6.6% | £651 | 14.2% |
| Bull | £2,012 | 10.1% | 7.5% | £892 | 20.6% |
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