According to the public record, 246, Cross Road, Romford is a mid-century apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cross Road, Mawneys, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
246, Cross Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated January 2013.
We combine this information with public data 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 246 Cross Road Romford as £223,406 and the rental value as £1,262 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 246 Cross Road Romford has decreased by £1,722 (0.8%) and its rental value has increased by £76 per month (6.0%).
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 246, Cross Road, Romford is in very good condition we estimate a sale value of £234,576 and rental value of £1,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,767 and a rental value of £1,174 per month.
If you were able to purchase this property for the estimated value of £223,406, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,098 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 246, Cross Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 4, Cherrydown Walk, Romford, RM7 8HJ, a Leasehold flat which sold for £307,000 in Jan 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cross Road, Mawneys, Romford, RM7 has a total of 247 addresses. According to our analysis of all the public data, 246, Cross Road, Romford is the 227th largest and the 234th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in RM7.
246, Cross Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jan 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 246, Cross Road, Romford is Romford station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 246, Cross Road, Romford, 32.2% of property is socially rented and 28.9% 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 246, Cross Road, Romford, 25.0% of residents are recorded as possessing school level qualifications and 24.9% 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 246, Cross Road, Romford, the average age was 38.3 and the most common age was 37.
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 246, Cross Road, Romford, 0.7% 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 246, Cross 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.