According to the public record, 332, Chadwell Heath Lane, Romford is a mid-century leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Chadwell Heath Lane, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
332, Chadwell Heath Lane, Romford has 21 entries in the Land Registry database, most recently in July 2007 and a single entry in the EPC database dated November 2014.
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 332 Chadwell Heath Lane Romford as £215,706 and the rental value as £1,313 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 332 Chadwell Heath Lane Romford has increased by £1,805 (0.8%) and its rental value has increased by £74 per month (5.7%).
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 332, Chadwell Heath Lane, Romford is in very good condition we estimate a sale value of £226,491 and rental value of £1,379 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,606 and a rental value of £1,221 per month.
If you were able to purchase this property for the estimated value of £215,706, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,060 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, 332, Chadwell Heath Lane, Romford was last sold on 27 Jul 2007 for £155,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2007, the market for similar properties has risen 47.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 332, Chadwell Heath Lane, Romford within a radius of 600 metres over the last 2 years.
The most recent example is 340, Chadwell Heath Lane, Romford, RM6 4YH, a Leasehold flat which sold for £165,000 in Jun 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chadwell Heath Lane, Romford, RM6 has a total of 308 addresses. According to our analysis of all the public data, 332, Chadwell Heath Lane, Romford is the 201st largest and the 227th most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in RM6.
332, Chadwell Heath Lane, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Nov 2014.
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 332, Chadwell Heath Lane, Romford is Chadwell Heath station which is 1.6 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 332, Chadwell Heath Lane, Romford, 47.2% of property is privately owned with a mortgage and 27.6% 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 332, Chadwell Heath Lane, Romford, 23.9% of residents are recorded as possessing school level qualifications and 36.1% 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 332, Chadwell Heath Lane, Romford, the average age was 40.6 and the most common age was 42.
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 332, Chadwell Heath Lane, 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 332, Chadwell Heath Lane, 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.