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Lot 42 - FREEHOLD GROUND RENT INVESTMENT - 19 FLATS - PRODUCING £4,750 P.A.

Brick House, 1A Faringdon Avenue, Harold Hill, Romford, Essex, RM3 8SH

Sold for £49,500
Thu Oct 23 2025
11:00am

Property Description

A detached, modern purpose-built block comprising 19 self-contained flats with car park. Located at the junction of Faringdon Avenue and fronting Straight Road, a short distance north of Gallows Corner and the junction with the A12. Harold Wood station (Elizabeth line) is just over a mile away. Harold Hill lies about 3 miles north of Hornchurch.

19 Flats: Each 125 years from 2020 at a current ground rent of £250 p.a. doubling every 25 years.

PRODUCING £4,750 P.A.

1. The Landlord manages and insures.

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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Michael Mercer

07792 992 028 / Email