According to the public record, 1, Holland Close, Romford is a modern leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Holland Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
1, Holland Close, Romford has 51 entries in the Land Registry database, most recently in September 2019 and a single entry in the EPC database dated July 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Holland Close Romford as £224,652 and the rental value as £1,112 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 1 Holland Close Romford has increased by £99 (0.0%) and its rental value has increased by £63 per month (5.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Holland Close, Romford is in very good condition we estimate a sale value of £235,884 and rental value of £1,167 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,926 and a rental value of £1,034 per month.
If you were able to purchase this property for the estimated value of £224,652, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,104 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Holland Close, Romford was last sold on 26 Sep 2019 for £212,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Sep 2019, the market for similar properties has risen 9.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Holland Close, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 8, Holland Close, Romford, RM7 7RN, a Leasehold flat which sold for £225,000 in Sep 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Holland Close, Romford, RM7 has a total of 40 addresses. According to our analysis of all the public data, 1, Holland Close, Romford is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in RM7.
1, Holland Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jul 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 1, Holland Close, Romford is Romford station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Holland Close, Romford, 36.8% of property is privately owned with a mortgage and 33.3% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Holland Close, Romford, 22.9% of residents are recorded as possessing school level qualifications and 33.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Holland Close, Romford, the average age was 38.3 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Holland Close, Romford, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Holland Close, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.