According to the public record, 4, Old Mill Place, Romford is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Old Mill Place, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
4, Old Mill Place, Romford has 3 entries in the Land Registry database, most recently in July 2023 and a single entry in the EPC database dated January 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Old Mill Place Romford as £223,591 and the rental value as £1,235 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 4 Old Mill Place Romford has increased by £1,235 (0.6%) and its rental value has increased by £76 per month (6.1%).
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 4, Old Mill Place, Romford is in very good condition we estimate a sale value of £234,771 and rental value of £1,297 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,940 and a rental value of £1,149 per month.
If you were able to purchase this property for the estimated value of £223,591, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,099 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, 4, Old Mill Place, Romford was last sold on 28 Jul 2023 for £220,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2023, the market for similar properties has risen 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Old Mill Place, Romford within a radius of 430 metres over the last 2 years.
The most recent example is 8, Old Mill Place, Romford, RM7 9QF, a Leasehold flat which sold for £230,000 in Jul 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Mill Place, Romford, RM7 has a total of 16 addresses. According to our analysis of all the public data, 4, Old Mill Place, Romford is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in RM7.
4, Old Mill Place, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Jan 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 4, Old Mill Place, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Old Mill Place, Romford, 43.1% of property is privately owned with a mortgage and 40.7% 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 4, Old Mill Place, Romford, 9.2% of residents are recorded as possessing school level qualifications and 50.0% 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 4, Old Mill Place, Romford, the average age was 37 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 4, Old Mill Place, Romford, 1.0% 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 4, Old Mill Place, 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.