According to the public record, 15, Crownmead Way, Romford is a mid-century apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Crownmead Way, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
15, Crownmead Way, Romford has no records in the Land Registry database and a single entry in the EPC database dated September 2023.
We combine this information with public data 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 15 Crownmead Way Romford as £233,742 and the rental value as £1,380 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 15 Crownmead Way Romford has decreased by £344 (0.1%) and its rental value has increased by £79 per month (5.7%).
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 15, Crownmead Way, Romford is in very good condition we estimate a sale value of £245,429 and rental value of £1,449 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,380 and a rental value of £1,284 per month.
If you were able to purchase this property for the estimated value of £233,742, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,149 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Crownmead Way, Romford within a radius of 660 metres over the last 2 years.
The most recent example is 16, Winston Close, Romford, RM7 8LL, a Leasehold flat which sold for £210,000 in Oct 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Crownmead Way, Romford, RM7 has a total of 28 addresses. According to our analysis of all the public data, 15, Crownmead Way, Romford is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in RM7.
15, Crownmead Way, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Sep 2023.
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 15, Crownmead Way, Romford is Romford station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Crownmead Way, Romford, 39.4% of property is privately rented and 36.5% 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 15, Crownmead Way, Romford, 22.7% of residents are recorded as possessing school level qualifications and 31.8% 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 15, Crownmead Way, Romford, the average age was 38.3 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 15, Crownmead Way, 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 15, Crownmead Way, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.