According to the public record, 38, Stratton Road, Romford is a mid-century leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Stratton Road, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
38, Stratton Road, Romford has 31 entries in the Land Registry database, most recently in May 2024 and a single entry in the EPC database dated September 2023.
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 38 Stratton Road Romford as £244,897 and the rental value as £1,376 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 38 Stratton Road Romford has decreased by £1,581 (0.6%) and its rental value has increased by £73 per month (5.3%).
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, Stratton Road, Romford is in very good condition we estimate a sale value of £257,142 and rental value of £1,444 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,754 and a rental value of £1,279 per month.
If you were able to purchase this property for the estimated value of £244,897, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,204 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, Stratton Road, Romford was last sold on 24 May 2024 for £270,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2024, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Stratton Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 26, Stratton Road, Romford, RM3 9UD, a Leasehold flat which sold for £231,000 in Jun 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stratton Road, Romford, RM3 has a total of 60 addresses. According to our analysis of all the public data, 38, Stratton Road, Romford is the 52nd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in RM3.
38, Stratton Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Sep 2023.
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 38, Stratton Road, Romford is Harold Wood station which is 1.5 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 38, Stratton Road, Romford, 54.1% of property is socially rented and 18.5% 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, Stratton Road, Romford, 18.2% of residents are recorded as possessing school level qualifications and 20.4% 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, Stratton Road, Romford, the average age was 35.9 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 38, Stratton Road, Romford, 1.5% 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, Stratton Road, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.