According to the public record, 16 Mercury Court, Romford is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Mercury Court, Victoria Road, Romford, RM1.
Victoria Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
16 Mercury Court, Romford has 31 entries in the Land Registry database, most recently in October 2018 and a single entry in the EPC database dated May 2018.
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 16 Mercury Court Romford as £265,560 and the rental value as £1,477 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 16 Mercury Court Romford has decreased by £6,116 (2.3%) and its rental value has increased by £53 per month (3.6%).
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 16 Mercury Court, Romford is in very good condition we estimate a sale value of £278,838 and rental value of £1,550 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £246,971 and a rental value of £1,373 per month.
If you were able to purchase this property for the estimated value of £265,560, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,305 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, 16 Mercury Court, Romford was last sold on 17 Oct 2018 for £272,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2018, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16 Mercury Court, Romford within a radius of 400 metres over the last 2 years.
The most recent example is 7, Tudor Mews, Romford, RM1 3QF, a Leasehold flat which sold for £268,000 in Sep 2021.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Road, Romford, RM1 has a total of 351 addresses. According to our analysis of all the public data, 16 Mercury Court, Romford is the 125th largest and the 123rd most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in RM1.
16 Mercury Court, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 May 2018.
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 16 Mercury Court, Romford is Romford station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16 Mercury Court, Romford, 50.5% of property is privately rented and 19.9% 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 16 Mercury Court, Romford, 20.7% of residents are recorded as possessing school level qualifications and 36.9% 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 16 Mercury Court, 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 16 Mercury Court, Romford, 1.1% 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 16 Mercury Court, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.