According to the public record, 281, South Street, Romford is a mid-century leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
South Street, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
281, South Street, Romford has 21 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated October 2015.
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 281 South Street Romford as £203,492 and the rental value as £1,196 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 281 South Street Romford has decreased by £417 (0.2%) and its rental value has increased by £67 per month (5.6%).
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 281, South Street, Romford is in very good condition we estimate a sale value of £213,667 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,248 and a rental value of £1,112 per month.
If you were able to purchase this property for the estimated value of £203,492, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,000 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, 281, South Street, Romford was last sold on 29 Mar 2016 for £180,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 281, South Street, Romford within a radius of 450 metres over the last 2 years.
The most recent example is Flat 78, Tolbut Court, Lennox Close, Romford, RM1 2DZ, a Leasehold flat which sold for £197,000 in Dec 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Street, Romford, RM1 has a total of 647 addresses. According to our analysis of all the public data, 281, South Street, Romford is the 411th largest and the 415th most expensive property on the street.
When compared to the postcode district it is £191k less expensive than the average property in RM1.
281, South Street, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Oct 2015.
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 281, South Street, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 281, South Street, Romford, 58.2% of property is privately rented and 15.6% is privately owned with a mortgage.
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 281, South Street, Romford, 18.7% of residents are recorded as possessing school level qualifications and 26.3% 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 281, South Street, Romford, the average age was 36.6 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 281, South Street, 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 281, South Street, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.