According to the public record, 17, Eric Road, Romford is a early-century apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 17, Eric Road, Romford, RM6.
Eric Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
17, Eric Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated April 2019.
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 17 Eric Road Romford as £246,267 and the rental value as £1,451 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 17 Eric Road Romford has increased by £1,879 (0.8%) and its rental value has increased by £81 per month (5.6%).
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 17, Eric Road, Romford is in very good condition we estimate a sale value of £258,580 and rental value of £1,523 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,028 and a rental value of £1,349 per month.
If you were able to purchase this property for the estimated value of £246,267, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,210 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 17, Eric Road, Romford within a radius of 450 metres over the last 2 years.
The most recent example is 13 Bedwell Court, Broomfield Road, Romford, RM6 6DR, a Leasehold flat which sold for £240,000 in Apr 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eric Road, Romford, RM6 has a total of 111 addresses. According to our analysis of all the public data, 17, Eric Road, Romford is the 89th largest and the 81st most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in RM6.
17, Eric Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Apr 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 17, Eric Road, Romford is Chadwell Heath station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 17, Eric Road, Romford, 43.2% of property is privately rented and 30.3% 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 17, Eric Road, Romford, 24.9% of residents are recorded as possessing school level qualifications and 38.8% 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 17, Eric Road, Romford, the average age was 35.3 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 17, Eric Road, Romford, 1.5% 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 17, Eric Road, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.