According to the public record, 11 Academy Square 1, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 686 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Academy Square, Academy Fields Road, Romford, RM2.
Academy Fields Road, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
11 Academy Square 1, Romford has 4 entries in the Land Registry database, most recently in August 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 11 Academy Square 1 Romford as £336,305 and the rental value as £1,569 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 11 Academy Square 1 Romford has increased by £1,682 (0.5%) and its rental value has increased by £104 per month (6.6%).
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 11 Academy Square 1, Romford is in very good condition we estimate a sale value of £353,120 and rental value of £1,648 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £312,764 and a rental value of £1,460 per month.
If you were able to purchase this property for the estimated value of £336,305, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,653 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, 11 Academy Square 1, Romford was last sold on 10 Aug 2022 for £370,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11 Academy Square 1, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 5, Scholars Court 2, Academy Fields Road, Romford, RM2 5UF, a Leasehold flat which sold for £315,000 in Dec 2022.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Academy Fields Road, Romford, RM2 has a total of 58 addresses. According to our analysis of all the public data, 11 Academy Square 1, Romford is the 46th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £180k less expensive than the average property in RM2.
The closest station to 11 Academy Square 1, Romford is Gidea Park station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 11 Academy Square 1, Romford, 41.2% of property is privately owned with a mortgage and 32.2% 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 11 Academy Square 1, Romford, 17.4% of residents are recorded as possessing school level qualifications and 43.3% 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 11 Academy Square 1, Romford, the average age was 42.1 and the most common age was 52.
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 11 Academy Square 1, Romford, 0.4% 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 11 Academy Square 1, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.