According to the public record, 2, Scholars Court 2, Romford is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Scholars Court, Academy Fields Road, Romford, RM2.
Academy Fields Road, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
2, Scholars Court 2, Romford has 2 entries in the Land Registry database, most recently in May 2014 and a single entry in the EPC database dated June 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Scholars Court 2 Romford as £300,128 and the rental value as £1,564 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 2 Scholars Court 2 Romford has decreased by £3,520 (1.2%) and its rental value has increased by £76 per month (4.8%).
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 2, Scholars Court 2, Romford is in very good condition we estimate a sale value of £315,134 and rental value of £1,643 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,119 and a rental value of £1,455 per month.
If you were able to purchase this property for the estimated value of £300,128, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,475 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, 2, Scholars Court 2, Romford was last sold on 01 May 2014 for £247,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2014, the market for similar properties has risen 34.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Scholars Court 2, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 5, Scholars Court 2, Academy Fields Road, Romford, RM2 5UF, a Leasehold flat which sold for £315,000 in Dec 2022.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Academy Fields Road, Romford, RM2 has a total of 58 addresses. According to our analysis of all the public data, 2, Scholars Court 2, Romford is the 48th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £216k less expensive than the average property in RM2.
2, Scholars Court 2, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jun 2023.
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 2, Scholars Court 2, Romford is Gidea Park station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Scholars Court 2, Romford, 41.2% of property is privately owned with a mortgage and 32.2% 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 2, Scholars Court 2, Romford, 17.4% of residents are recorded as possessing school level qualifications and 43.3% 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 2, Scholars Court 2, Romford, the average age was 42.1 and the most common age was 52.
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 2, Scholars Court 2, Romford, 0.4% 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 2, Scholars Court 2, 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.