According to the public record, 165, North Street, Romford is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 165, North Street, Romford, RM1.
North Street, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
165, North Street, Romford has 31 entries in the Land Registry database, most recently in June 2007 and a single entry in the EPC database dated April 2022.
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 165 North Street Romford as £245,429 and the rental value as £1,350 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 165 North Street Romford has decreased by £1,948 (0.8%) and its rental value has increased by £70 per month (5.2%).
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 165, North Street, Romford is in very good condition we estimate a sale value of £257,701 and rental value of £1,418 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,249 and a rental value of £1,256 per month.
If you were able to purchase this property for the estimated value of £245,429, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,206 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, 165, North Street, Romford was last sold on 15 Jun 2007 for £144,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2007, the market for similar properties has risen 45.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 165, North Street, Romford within a radius of 460 metres over the last 2 years.
The most recent example is 226, North Street, Romford, RM1 4QD, a Leasehold flat which sold for £235,000 in Apr 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
North Street, Romford, RM1 has a total of 208 addresses. According to our analysis of all the public data, 165, North Street, Romford is the 140th largest and the 91st most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in RM1.
165, North Street, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Apr 2022.
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 165, North Street, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 165, North Street, Romford, 42.4% of property is privately rented and 26.7% 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 165, North Street, Romford, 17.9% of residents are recorded as possessing school level qualifications and 45.4% 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 165, North Street, 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 165, North Street, Romford, 0.7% 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 165, North Street, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.