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2 bed flat for sale Mercury Gardens, Romford, RM1

Asking price

£225,000

Reduced today

Type: Flat
Bedrooms: 2
Bathrooms: 1
Size: £543 per sq ft
Tenure: Leasehold; 113 years left(from the agent's description)

Service charge £2,516 a yearGround rent £300 a year Council tax Band D

* From the agent's description. Check it with them before you rely on it.

Key features

CHAIN FREE SALE
PRIME ROMFORD LOCATION
0.2 MILES FROM ELIZABETH LINE STATION
BEAUTIFULLY MAINTAINED
BRIGHT AND SPACIOUS LIVING
CONCIERGE SERVICE
LIFT ACCESS
VIDEO ENTRY SYSTEM
CONTEMPORARY FINISHES
AMPLE STORAGE SPACE

About this property

A beautifully presented apartment set within a modern development in the heart of Romford, offered to the market chain free. Located on the second floor and benefiting from lift access and a concierge service, this impressive home features a bright and spacious open-plan kitchen/living area, two bedrooms, a contemporary bathroom, and excellent storage solutions throughout.

Floorplan

Council tax

Band D

Price guide

100 comparables · within 1.9 miles

Cheaper than 88% of the 2-bed flats for sale nearby right now.

This home, £225,000 Median £277,500 · £220,000 – £325,000

Per square foot

£543 30% over

2-bed flats nearby £418

Compared with 100 2-bed flats for sale within 1.9 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Mercury Gardens, Romford, RM1

Open map Street View

Mortgage and stamp duty

Property price £225,000

£112k £338k

Deposit10% £23,000

£0 £225k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £202,000 mortgage. Most lenders would want a household income of about £45,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.