According to the public record, 146 Zetex Apartments, Mercury Gardens, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 722 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mercury Gardens, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
146 Zetex Apartments, Mercury Gardens, Romford has a single entry in the Land Registry database from December 2007 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 146 Zetex Apartments Mercury Gardens Romford as £295,465 and the rental value as £1,396 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 146 Zetex Apartments Mercury Gardens Romford has decreased by £1,783 (0.6%) and its rental value has increased by £77 per month (5.5%).
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 146 Zetex Apartments, Mercury Gardens, Romford is in very good condition we estimate a sale value of £310,238 and rental value of £1,466 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,782 and a rental value of £1,299 per month.
If you were able to purchase this property for the estimated value of £295,465, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,452 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, 146 Zetex Apartments, Mercury Gardens, Romford was last sold on 14 Dec 2007 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 39.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 146 Zetex Apartments, Mercury Gardens, Romford within a radius of 470 metres over the last 2 years.
The most recent example is Flat 9, Chartwell Place, Junction Road, Romford, RM1 3BF, a Leasehold flat which sold for £310,000 in Jun 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, 146 Zetex Apartments, Mercury Gardens, Romford is the 59th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in RM1.
The closest station to 146 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 146 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 146 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 146 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 146 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 146 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.