According to the public record, 12, Matthews Close, Romford is a modern leasehold apartment with 290 ft2 of internal area.
Apartments of this size in this area are normally studios.
Matthews Close, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
12, Matthews Close, Romford has 21 entries in the Land Registry database, most recently in November 2013 and a single entry in the EPC database dated May 2021.
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 12 Matthews Close Romford as £160,918 and the rental value as £868 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 12 Matthews Close Romford has decreased by £911 (0.6%) and its rental value has increased by £47 per month (5.4%).
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 12, Matthews Close, Romford is in very good condition we estimate a sale value of £168,964 and rental value of £912 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,654 and a rental value of £807 per month.
If you were able to purchase this property for the estimated value of £160,918, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £791 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, 12, Matthews Close, Romford was last sold on 12 Nov 2013 for £75,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2013, the market for similar properties has risen 66.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Matthews Close, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 20, Matthews Close, Romford, RM3 0DN, a Leasehold flat which sold for £172,000 in Sep 2022.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Matthews Close, Romford, RM3 has a total of 18 addresses. According to our analysis of all the public data, 12, Matthews Close, Romford is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in RM3.
12, Matthews Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 May 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 12, Matthews Close, Romford is Harold Wood station which is 100 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Matthews Close, Romford, 37.4% of property is privately owned outright and 35.7% is privately owned with a mortgage.
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 12, Matthews Close, Romford, 13.1% of residents are recorded as possessing school level qualifications and 31.0% 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 12, Matthews Close, Romford, the average age was 40.7 and the most common age was 32.
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 12, Matthews 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 12, Matthews 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.