Rush Green Gardens

Property Highlights

• Type: Leasehold flat (top floor, 3-storey building)
• Bedrooms: 2
• Bathrooms: 1
• Condition: Good — inventories and inspection reports available
• Gardens: Communal
• Parking: On‑street

Tenure & Charges

• Leasehold: Lease extended during the pandemic, running until 8 October 2215 (over 190 years remaining)
• Ground Rent: £0 per annum
• Service Charges (to 31 March 2026):
  • Service Charge: £1,268.80 pa
  • Insurance: £573.05 pa
  • Ground Rent: £0
  • Historically modest increases — typical of ex-local authority blocks
• Net Yield: 6.4%

Tenancy Details

• Tenants: Family household
• Rent (from June 2025): £1,470 pcm (£17,640 per annum)
• Tenancy Start: 1 March 2020
• Arrears: None
• Complaints/Issues: None reported
• Gross Yield: 7.2%

Romford & Investment Rationale

Rental Market Growth

• Average monthly rent in Romford has climbed from £1,282 in 2020 to £1,768 in 2025, a 38% increase.
• In early 2024, average rent stood at £1,757 pcm, up nearly 15% year‑on‑year.

Rental Yields & Capital Appreciation

• Romford average rental yield: approx 4.2–3.9%, while top-performing areas of Romford can reach 5.3–5.5% Despite higher yields in surrounding boroughs, this property delivers significantly above-average returns through rental and capital growth.
• Capital gains in Romford once reached 16.6% per annum, and annual growth has remained strong over recent years.

Market Affordability & Demand

• Romford is one of the most affordable outer London boroughs — average prices for flats £233k, overall average £419–418k.
• Compared to central London, Romford offers accessible price points with excellent rental demand and strong transport links.

Local Amenities & Transport

• Romford Town Centre & The Liberty Shopping Centre offer around 100 retail units and serve 23 million annual visitors.
• Transport: Elizabeth Line access to Paddington, Overground (Liberty line), Greater Anglia services, and multiple bus routes – high connectivity and Zone 6 status.
• Lifestyle: A vibrant commercial hub with night‑time economy, cinema, theatre, restaurants, and community services.

Investment Summary

Why Investors Should Consider This Flat

• Above-average yield compared to local market norms.
• Long-term lease with no ground rent.
• Demonstrated rent escalation in Romford: +38% over 5 years.
• Prime transport and amenity access, providing sustained tenant demand.
• Resilient capital growth, with historic rates exceeding 10–15% in key periods.

Ready to Invest?

47 Rush Green Gardens offers a rare combination:

• A long lease, no ground rent liability, and modest service charges.
• Reliable income from a fully occupied tenancy.
• Strong rental and capital performance in a well-connected London suburb.