According to the public record, 18, St. Edwards Way, Romford is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 18, St. Edwards Way, Romford, RM1.
St. Edwards Way, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
18, St. Edwards Way, Romford has 51 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated March 2016.
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 18 St. Edwards Way Romford as £225,200 and the rental value as £1,288 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 18 St. Edwards Way Romford has decreased by £1,836 (0.8%) and its rental value has increased by £67 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 18, St. Edwards Way, Romford is in very good condition we estimate a sale value of £236,460 and rental value of £1,353 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £209,436 and a rental value of £1,198 per month.
If you were able to purchase this property for the estimated value of £225,200, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,107 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, 18, St. Edwards Way, Romford was last sold on 27 May 2022 for £255,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2022, the market for similar properties has dropped 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, St. Edwards Way, Romford within a radius of 440 metres over the last 2 years.
The most recent example is Flat 86, Nayland Court, Market Place, Romford, RM1 3EF, a Leasehold flat which sold for £290,000 in Sep 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Edwards Way, Romford, RM1 has a total of 65 addresses. According to our analysis of all the public data, 18, St. Edwards Way, Romford is the 7th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in RM1.
18, St. Edwards Way, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Mar 2016.
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 18, St. Edwards Way, 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 18, St. Edwards Way, Romford, 49.3% of property is socially rented and 31.0% is privately rented.
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 18, St. Edwards Way, Romford, 6.7% of residents are recorded as possessing school level qualifications and 29.7% 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 18, St. Edwards Way, 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 18, St. Edwards Way, 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 18, St. Edwards Way, Romford, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.