According to the public record, 4 Wantage House, Romford is a mid-century leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Wantage House, Kings Lynn Drive, Romford, RM3.
Kings Lynn Drive, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
4 Wantage House, Romford has 2 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated March 2019.
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 4 Wantage House Romford as £204,422 and the rental value as £1,170 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 4 Wantage House Romford has decreased by £1,443 (0.7%) and its rental value has increased by £61 per month (5.2%).
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 Wantage House, Romford is in very good condition we estimate a sale value of £214,643 and rental value of £1,229 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £190,113 and a rental value of £1,088 per month.
If you were able to purchase this property for the estimated value of £204,422, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,005 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 Wantage House, Romford was last sold on 20 Sep 2023 for £205,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2023, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Wantage House, Romford within a radius of 430 metres over the last 2 years.
The most recent example is 7 Ringwood House, Kings Lynn Drive, Romford, RM3 8XP, a Leasehold flat which sold for £185,000 in Dec 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kings Lynn Drive, Romford, RM3 has a total of 72 addresses. According to our analysis of all the public data, 4 Wantage House, Romford is the 19th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £156k less expensive than the average property in RM3.
4 Wantage House, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Mar 2019.
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 Wantage House, Romford is Harold Wood 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 4 Wantage House, Romford, 75.8% of property is socially rented and 8.3% 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 4 Wantage House, Romford, 38.7% of residents are recorded as possessing school level qualifications and 21.9% 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 Wantage House, Romford, the average age was 33.9 and the most common age was 7.
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 Wantage House, 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 4 Wantage House, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.