According to the public record, 12 Southall House, Romford is a mid-century leasehold apartment with 455 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Southall House, Kingsbridge Circus, Romford, RM3.
Kingsbridge Circus, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
12 Southall House, Romford has 2 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated September 2010.
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 Southall House Romford as £174,377 and the rental value as £1,045 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 12 Southall House Romford has decreased by £1,252 (0.7%) and its rental value has increased by £54 per month (5.2%).
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 Southall House, Romford is in very good condition we estimate a sale value of £183,096 and rental value of £1,097 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,171 and a rental value of £972 per month.
If you were able to purchase this property for the estimated value of £174,377, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £857 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 Southall House, Romford was last sold on 28 Aug 2020 for £162,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 7.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12 Southall House, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 1 Helmsley House, Leyburn Crescent, Romford, RM3 8RL, a Leasehold flat which sold for £180,000 in Jun 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kingsbridge Circus, Romford, RM3 has a total of 108 addresses. According to our analysis of all the public data, 12 Southall House, Romford is the 60th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £186k less expensive than the average property in RM3.
12 Southall House, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Sep 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 12 Southall House, Romford is Harold Wood station which is 1.2 kilometres 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 Southall House, Romford, 51.6% of property is socially rented and 22.6% 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 Southall House, Romford, 22.0% of residents are recorded as possessing school level qualifications and 20.6% 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 Southall House, Romford, the average age was 33.9 and the most common age was 7.
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 Southall House, 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 12 Southall House, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.