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Full details for 5 Bedroom Flat For Sale in Romford

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Description

CALLING ALL INVESTORS...

HMO 5 bedroom flat for sale, situated in a popular residential development close to Gidea Park Main Line Railway Station and local amenities.

To be sold with existing tenants.

Current annual income £36,900.

We understand from the current vendor that the Lease was 150 years from 1st January 2001 with approximately with 129 years unexpired. The Service Charge is approximately £1,200.00 per annum which is reviewed yearly and the Ground Rent is approximately £125.00 per annum and is reviewed every 25 years. All details of which must be verified by any interested party‘s legal representative. Ref No. 5229-22. EPC C. Council Tax band E.

Council Tax Band: E (Havering London Borough Council)
Tenure: Leasehold (129 years)
Ground Rent: £125 per year (reviewed every 25 years)
Service Charge: £1,200 per year (reviewed every 1 years)
Next review for the Ground Rent is 31st March 2027 and could increase up to £175.00. We know this doesn‘t add up, but Emily from Birketts gave the information.
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