According to the public record, 14, Marwell Close, Romford is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Marwell Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
14, Marwell Close, Romford has 61 entries in the Land Registry database, most recently in January 2023 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property 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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 14 Marwell Close Romford as £201,786 and the rental value as £1,061 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 14 Marwell Close Romford has decreased by £416 (0.2%) and its rental value has increased by £62 per month (5.8%).
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 14, Marwell Close, Romford is in very good condition we estimate a sale value of £211,876 and rental value of £1,114 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £187,661 and a rental value of £986 per month.
If you were able to purchase this property for the estimated value of £201,786, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £992 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, 14, Marwell Close, Romford was last sold on 20 Jan 2023 for £200,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Jan 2023, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Marwell Close, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 5, Marwell Close, Romford, RM1 2TE, a Leasehold flat which sold for £190,000 in Mar 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marwell Close, Romford, RM1 has a total of 44 addresses. According to our analysis of all the public data, 14, Marwell Close, Romford is the 31st largest and the 31st most expensive property on the street.
When compared to the postcode district it is £192k less expensive than the average property in RM1.
14, Marwell Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jul 2022.
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 14, Marwell Close, Romford is Gidea Park station which is 900 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 14, Marwell Close, Romford, 31.3% of property is socially rented and 26.7% 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 14, Marwell Close, Romford, 24.9% of residents are recorded as possessing school level qualifications and 35.1% 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 14, Marwell Close, Romford, the average age was 36.6 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 14, Marwell Close, Romford, 0.6% 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 14, Marwell Close, 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.