According to the public record, 38, Burns Avenue, Romford is a modern apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Burns Avenue, Chadwell Heath, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
38, Burns Avenue, Romford has no recent1 records in the Land Registry database and a single entry in the EPC database dated January 2020.
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 38 Burns Avenue Romford as £173,099 and the rental value as £995 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 38 Burns Avenue Romford has increased by £1,272 (0.7%) and its rental value has increased by £55 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 38, Burns Avenue, Romford is in very good condition we estimate a sale value of £181,754 and rental value of £1,045 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £160,982 and a rental value of £926 per month.
If you were able to purchase this property for the estimated value of £173,099, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £851 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, 38, Burns Avenue, Romford was last sold on 18 May 2000 for £40,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Burns Avenue, Romford within a radius of 420 metres over the last 2 years.
The most recent example is 18, Burns Avenue, Romford, RM6 4DN, a Leasehold flat which sold for £180,000 in Oct 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burns Avenue, Chadwell Heath, Romford, RM6 has a total of 140 addresses. According to our analysis of all the public data, 38, Burns Avenue, Romford is the 119th largest and the 120th most expensive property on the street.
When compared to the postcode district it is £201k less expensive than the average property in RM6.
38, Burns Avenue, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 38, Burns Avenue, Romford is Chadwell Heath station which is 400 metres 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 38, Burns Avenue, Romford, 66.9% of property is privately rented and 16.9% 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 38, Burns Avenue, Romford, 20.4% of residents are recorded as possessing school level qualifications and 35.2% 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 38, Burns Avenue, 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 38, Burns Avenue, Romford, 1.1% 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 38, Burns Avenue, Romford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.