Property Pick of the Week 28/10/2020

Property pick of the week 

An opportunity to acquire a brand new completed property in the heart of the Romford Town Centre. A highly popular location due to the recently completed Crossrail train link along with increased government regeneration in the local and surrounding area.

This high specification development has been furnished to a high quality and provides a sitting tenanted for the next 18 months. Within walking distance to the train station this location is easily commutable into central London including London Liverpool Street in 20 minutes.

A total of 45 luxury apartments spanning of 5 floors this development boasts some fantastic views whilst being so centrally located.  

Queens Moat House – Highlights 

 

  • 45 Residential Apartments located across 5 Floors
  • Apartments from £192,770
  • Completed and tenanted development
  • Walking distance to Romford Train Station (Crossrail)
  • Finished to High Standard with Open-Plan Kitchen and Living Room
  • 250 year leasehold
  • 1 & 2 Bedroom Apartments
  • Up to 5.9% net yield (based on a 75% mortgage at 3.8%)

 

Payment Plan 

 

  • £5000 Reservation fee
  • Balance on exchange/ Completion 

Location  Queens Moat House, 22 St Edwards Way, Romford, RM1 4DD

Romford is located on the new government built Crossrail train line, east of Central London. Easily connected to Liverpool Street, Farringdon and Bond Street all under 30 minutes, Romford has become a popular location for both investors and tenants looking to relocate further outside of London for a more affordable cost of living.

 

With major employers including Tesco, Waitrose, GlaxoSmithKline, Dunelm and Ford Motor Company there is an abundance of employment in the area. Good quality housing remains an issue within Romford with the local council being urged to encourage more development in the area as a surge of new tenants are looking to relocate away from more costly locations across the capital.

 

  • The Crossrail (Elizabeth Line) runs from Reading and Heathrow Airport in the west through 42km of new tunnels to Shenfield and Abbey Wood in the east. An £18.25 billion government regeneration
  • House prices in Romford have increased by more than 5% in the past 12 months
  • 22% house price growth increase over the past 5 years
  • Romford remains 40% cheaper than the London average price of £620,697
  • Rents are also on average 10% cheaper than the London average
  • Find out more about Crossrail: Click here to watch
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Andrew Hipshon
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