According to the public record, 187, Collier Row Lane, Romford is a mid-century leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Collier Row Lane, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
187, Collier Row Lane, Romford has a single entry in the Land Registry database from February 2023 and a single entry in the EPC database dated September 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 187 Collier Row Lane Romford as £142,608 and the rental value as £868 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 187 Collier Row Lane Romford has decreased by £1,546 (1.1%) and its rental value has increased by £51 per month (5.9%).
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 187, Collier Row Lane, Romford is in very good condition we estimate a sale value of £149,738 and rental value of £912 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,625 and a rental value of £807 per month.
If you were able to purchase this property for the estimated value of £142,608, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £701 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, 187, Collier Row Lane, Romford was last sold on 15 Feb 2023 for £148,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2023, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 187, Collier Row Lane, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 31, Prospect Place, Romford, RM5 3DS, a Leasehold flat which sold for £85,000 in Nov 2012.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Collier Row Lane, Romford, RM5 has a total of 275 addresses. According to our analysis of all the public data, 187, Collier Row Lane, Romford is the 235th largest and the 275th most expensive property on the street.
When compared to the postcode district it is £250k less expensive than the average property in RM5.
187, Collier Row Lane, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Sep 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 187, Collier Row Lane, Romford is Romford station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 187, Collier Row Lane, Romford, 51.3% of property is privately owned with a mortgage and 34.5% 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 187, Collier Row Lane, Romford, 19.2% of residents are recorded as possessing school level qualifications and 30.6% 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 187, Collier Row Lane, Romford, the average age was 40.2 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 187, Collier Row Lane, 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 187, Collier Row Lane, 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.