According to the public record, 39, Richards Avenue, Romford is a modern leasehold apartment with 847 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 39, Richards Avenue, Romford, RM7.
Richards Avenue, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
39, Richards Avenue, Romford has 2 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated November 2010.
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 39 Richards Avenue Romford as £316,365 and the rental value as £1,663 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 39 Richards Avenue Romford has increased by £451 (0.1%) and its rental value has increased by £95 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 39, Richards Avenue, Romford is in very good condition we estimate a sale value of £332,183 and rental value of £1,746 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,219 and a rental value of £1,547 per month.
If you were able to purchase this property for the estimated value of £316,365, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,555 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, 39, Richards Avenue, Romford was last sold on 09 Nov 2018 for £271,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2018, the market for similar properties has risen 8.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Richards Avenue, Romford within a radius of 450 metres over the last 2 years.
The most recent example is Flat 12, Autumn Court, Spring Gardens, Romford, RM7 9BN, a Leasehold flat which sold for £295,000 in Feb 2024.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richards Avenue, Romford, RM7 has a total of 40 addresses. According to our analysis of all the public data, 39, Richards Avenue, Romford is the 18th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in RM7.
39, Richards Avenue, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Nov 2010.
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 39, Richards Avenue, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 39, Richards Avenue, Romford, 30.9% of property is privately owned with a mortgage and 30.0% is privately 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 39, Richards Avenue, Romford, 24.8% 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 39, Richards Avenue, Romford, the average age was 35.1 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 39, Richards Avenue, Romford, 0.3% 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 39, Richards Avenue, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.