According to the public record, 254, Billet Road, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 687 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Billet Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
254, Billet Road, Romford has a single entry in the Land Registry database from February 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 254 Billet Road Romford as £239,085 and the rental value as £1,416 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 254 Billet Road Romford has increased by £145 (0.1%) and its rental value has increased by £78 per month (5.5%).
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 254, Billet Road, Romford is in very good condition we estimate a sale value of £251,039 and rental value of £1,487 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,349 and a rental value of £1,317 per month.
If you were able to purchase this property for the estimated value of £239,085, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,175 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, 254, Billet Road, Romford was last sold on 05 Feb 2008 for £164,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2008, the market for similar properties has risen 51.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 254, Billet Road, Romford within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 15, Beansland Grove, Romford, RM6 5QH, a Leasehold flat which sold for £235,000 in Jun 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Billet Road, Romford, RM6 has a total of 133 addresses. According to our analysis of all the public data, 254, Billet Road, Romford is the 109th largest and the 113th most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in RM6.
The closest station to 254, Billet Road, Romford is Chadwell Heath station which is 2.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 254, Billet Road, Romford, 34.5% of property is privately owned with a mortgage and 29.4% 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 254, Billet Road, Romford, 34.3% of residents are recorded as possessing school level qualifications and 35.6% 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 254, Billet Road, Romford, the average age was 34.1 and the most common age was 12.
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 254, Billet 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 254, Billet Road, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.