According to the public record, 40, Malt House Place, Romford is a modern leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Malt House Place, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
40, Malt House Place, Romford has 61 entries in the Land Registry database, most recently in January 2021 and a single entry in the EPC database dated July 2020.
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 40 Malt House Place Romford as £349,681 and the rental value as £1,707 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 40 Malt House Place Romford has decreased by £42 (0.0%) and its rental value has increased by £101 per month (5.9%).
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 40, Malt House Place, Romford is in very good condition we estimate a sale value of £367,165 and rental value of £1,792 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,203 and a rental value of £1,588 per month.
If you were able to purchase this property for the estimated value of £349,681, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,719 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, 40, Malt House Place, Romford was last sold on 07 Jan 2021 for £310,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Jan 2021, the market for similar properties has risen 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Malt House Place, Romford within a radius of 450 metres over the last 2 years.
The most recent example is Apartment 23, Rubicon Court 21-23, North Street, Romford, RM1 1BJ, a Leasehold flat which sold for £315,000 in Dec 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Malt House Place, Romford, RM1 has a total of 63 addresses. According to our analysis of all the public data, 40, Malt House Place, Romford is the largest and the most expensive property on the street.
When compared to the postcode district it is £44k less expensive than the average property in RM1.
40, Malt House Place, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jul 2020.
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 40, Malt House Place, Romford is Romford 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 40, Malt House Place, Romford, 50.0% of property is privately rented and 29.1% is socially 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 40, Malt House Place, Romford, 19.4% of residents are recorded as possessing school level qualifications and 38.5% 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 40, Malt House 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 40, Malt House Place, Romford, 0.7% 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 40, Malt House Place, Romford, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.