2 bed flat for sale

Princes Road, Romford RM1

•Vacant with No Chain
•Two Double Bedrooms
•Ground Floor Flat
•16 Min Walk to Romford Station (source: Google maps)
•Communal Garden
•900+ Year Lease
•Gas Central Heating
•Double Glazing

Entrance Hall

Entrance door. Smooth ceiling, security entry phone system, part panelling to walls, dado rail, cupboard, radiator, carpet.

Lounge/Diner (4.90m x 3.61m max sizes (16'1 x 11'10 max sizes))

Double glazed window. Smooth ceiling, coving, dado rail, radiator, carpet.

Kitchen (3.45m x 2.29m max sizes (11'4 x 7'6 max sizes))

Double glazed window. Range of base and eye level wall cabinets with worktops, 1.5 bowl stainless steel sink, integrated oven, stainless steel four burner gas hob with overhead extractor hood, smooth ceiling, spotlights, extractor, wall mounted boiler, part tiled walls, vinyl flooring.

Bedroom One (4.19m x 3.45m max sizes (13'9 x 11'4 max sizes))

Double glazed window. Smooth ceiling, coving, radiator, laminate flooring.

Bedroom Two (3.23m x 2.41m (10'7 x 7'11))

Double glazed window. Smooth ceiling, coving, radiator, carpet.

Bathroom (2.54m x 1.50m (8'4 x 4'11))

Suite comprising of panelled bath with shower attachment to tap, glass screen, pedestal wash basin, low level wc, smooth ceiling, extractor, tiled walls, radiator, vinyl floor.

Outside

Communal garden and rotary washing lines.

Material Information

• Lease: 999 years from 29/09/1972.
• Current annual ground rent: £193.00 (£96.50 paid every 6 months).
• Ground rent review period: Not a fixed periodic review. The lease provides for the rent to be recalculated on each sale or remortgage of the property, based on the sale/mortgage price. This is overridden by a 1977 Deed of Variation, which caps the rent by reference to the property's rateable value.
• Review increase: Under the original lease, the rent would increase on each qualifying sale, calculated by reference to the amount by which the sale price exceeds the highest price previously paid. This increase is capped by a 1977 Deed of Variation, which states the rent can increase to 1% of the price but this is subject to the overall break on the rateable value.
• Current annual service charge: £850.00 (£425.00 paid every 6 months).