According to the public record, 24, Taunton Road, Romford is a mid-century leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Taunton Road, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
24, Taunton Road, Romford has 41 entries in the Land Registry database, most recently in July 2018 and a single entry in the EPC database dated April 2013.
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 24 Taunton Road Romford as £253,213 and the rental value as £1,448 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 24 Taunton Road Romford has decreased by £2,035 (0.8%) and its rental value has increased by £75 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 24, Taunton Road, Romford is in very good condition we estimate a sale value of £265,874 and rental value of £1,520 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,488 and a rental value of £1,347 per month.
If you were able to purchase this property for the estimated value of £253,213, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,244 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, 24, Taunton Road, Romford was last sold on 20 Jul 2018 for £245,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2018, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Taunton Road, Romford within a radius of 440 metres over the last 2 years.
The most recent example is 76, Taunton Road, Romford, RM3 7SU, a Leasehold flat which sold for £314,000 in Jun 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Taunton Road, Romford, RM3 has a total of 118 addresses. According to our analysis of all the public data, 24, Taunton Road, Romford is the 72nd largest and the 89th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in RM3.
24, Taunton Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Apr 2013.
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 24, Taunton Road, Romford is Harold Wood station which is 2.3 kilometres 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 24, Taunton Road, Romford, 43.3% of property is privately owned with a mortgage and 35.3% is socially 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 24, Taunton Road, Romford, 22.3% of residents are recorded as possessing school level qualifications and 23.7% 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 24, Taunton Road, Romford, the average age was 38.4 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 24, Taunton 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 24, Taunton Road, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.