According to the public record, 140 Zetex Apartments, Mercury Gardens, Romford is a modern leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Mercury Gardens, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
140 Zetex Apartments, Mercury Gardens, Romford has a single entry in the Land Registry database from October 2007 and a single entry in the EPC database dated February 2019.
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 140 Zetex Apartments Mercury Gardens Romford as £331,281 and the rental value as £1,597 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 140 Zetex Apartments Mercury Gardens Romford has increased by £181 (0.1%) and its rental value has increased by £99 per month (6.2%).
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 140 Zetex Apartments, Mercury Gardens, Romford is in very good condition we estimate a sale value of £347,845 and rental value of £1,677 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £308,091 and a rental value of £1,485 per month.
If you were able to purchase this property for the estimated value of £331,281, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,628 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, 140 Zetex Apartments, Mercury Gardens, Romford was last sold on 19 Oct 2007 for £292,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2007, the market for similar properties has risen 39.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 140 Zetex Apartments, Mercury Gardens, Romford within a radius of 470 metres over the last 2 years.
The most recent example is Flat 15, Chartwell Place, Junction Road, Romford, RM1 3BF, a Leasehold flat which sold for £280,000 in May 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercury Gardens, Romford, RM1 has a total of 317 addresses. According to our analysis of all the public data, 140 Zetex Apartments, Mercury Gardens, Romford is the 10th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £63k less expensive than the average property in RM1.
140 Zetex Apartments, Mercury Gardens, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Feb 2019.
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 140 Zetex Apartments, Mercury Gardens, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 140 Zetex Apartments, Mercury Gardens, Romford, 43.7% of property is privately rented and 35.0% 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 140 Zetex Apartments, Mercury Gardens, Romford, 11.1% of residents are recorded as possessing school level qualifications and 35.4% 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 140 Zetex Apartments, Mercury Gardens, Romford, the average age was 37 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 140 Zetex Apartments, Mercury Gardens, 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 140 Zetex Apartments, Mercury Gardens, Romford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.