According to the public record, 184, Grove Road, Romford is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Grove Road, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
184, Grove Road, Romford has 31 entries in the Land Registry database, most recently in February 2007 and a single entry in the EPC database dated September 2019.
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 184 Grove Road Romford as £226,011 and the rental value as £1,318 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 184 Grove Road Romford has increased by £974 (0.4%) and its rental value has increased by £68 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 184, Grove Road, Romford is in very good condition we estimate a sale value of £237,311 and rental value of £1,384 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,190 and a rental value of £1,226 per month.
If you were able to purchase this property for the estimated value of £226,011, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,111 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, 184, Grove Road, Romford was last sold on 08 Feb 2007 for £144,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2007, the market for similar properties has risen 52.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 184, Grove Road, Romford within a radius of 370 metres over the last 2 years.
The most recent example is 43, Blacksmiths Close, Romford, RM6 4XE, a Leasehold flat which sold for £260,000 in Aug 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grove Road, Romford, RM6 has a total of 207 addresses. According to our analysis of all the public data, 184, Grove Road, Romford is the 158th largest and the 167th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in RM6.
184, Grove Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Sep 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 184, Grove Road, Romford is Chadwell Heath station which is 900 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 184, Grove Road, Romford, 59.5% of property is privately owned with a mortgage and 26.1% is privately owned outright.
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 184, Grove Road, Romford, 26.2% of residents are recorded as possessing school level qualifications and 40.0% 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 184, Grove Road, Romford, the average age was 40.6 and the most common age was 42.
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 184, Grove Road, 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 184, Grove Road, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.