According to the public record, 138, Chelmsford Avenue, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 722 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Chelmsford Avenue, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
138, Chelmsford Avenue, Romford has 21 entries in the Land Registry database, most recently in May 2011 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 138 Chelmsford Avenue Romford as £268,264 and the rental value as £1,487 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 138 Chelmsford Avenue Romford has decreased by £2,843 (1.1%) and its rental value has increased by £89 per month (6.0%).
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 138, Chelmsford Avenue, Romford is in very good condition we estimate a sale value of £281,677 and rental value of £1,562 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,486 and a rental value of £1,383 per month.
If you were able to purchase this property for the estimated value of £268,264, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,318 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, 138, Chelmsford Avenue, Romford was last sold on 21 May 2011 for £152,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2011, the market for similar properties has risen 76.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 138, Chelmsford Avenue, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 131, Chelmsford Avenue, Romford, RM5 3XB, a Leasehold flat which sold for £300,000 in Feb 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chelmsford Avenue, Romford, RM5 has a total of 165 addresses. According to our analysis of all the public data, 138, Chelmsford Avenue, Romford is the 129th largest and the 150th most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in RM5.
The closest station to 138, Chelmsford Avenue, Romford is Gidea Park station which is 2.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 138, Chelmsford Avenue, Romford, 33.3% of property is socially rented and 27.4% is privately owned outright.
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 138, Chelmsford Avenue, Romford, 19.5% of residents are recorded as possessing school level qualifications and 17.9% 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 138, Chelmsford Avenue, Romford, the average age was 38.8 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 138, Chelmsford Avenue, Romford, 0.7% 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 138, Chelmsford Avenue, 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.