According to the public record, 41, Station Parade, Romford is a early-century apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Station Parade, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
41, Station Parade, Romford has no recent1 records in the Land Registry database and a single entry in the EPC database dated October 2021.
We combine this information with public data 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 41 Station Parade Romford as £183,663 and the rental value as £1,114 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 41 Station Parade Romford has decreased by £1,444 (0.8%) and its rental value has increased by £57 per month (5.1%).
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 41, Station Parade, Romford is in very good condition we estimate a sale value of £192,846 and rental value of £1,170 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,807 and a rental value of £1,036 per month.
If you were able to purchase this property for the estimated value of £183,663, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £903 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, 41, Station Parade, Romford was last sold on 08 Jul 2004 for £85,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Station Parade, Romford within a radius of 440 metres over the last 2 years.
The most recent example is Flat 35, Gibson Court, Regarth Avenue, Romford, RM1 1AJ, a Leasehold flat which sold for £155,000 in Jul 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Station Parade, Romford, RM1 has a total of 34 addresses. According to our analysis of all the public data, 41, Station Parade, Romford is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £210k less expensive than the average property in RM1.
41, Station Parade, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Oct 2021.
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 41, Station Parade, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 41, Station Parade, Romford, 50.5% of property is privately rented and 19.9% 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 41, Station Parade, Romford, 20.7% of residents are recorded as possessing school level qualifications and 36.9% 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 41, Station Parade, 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 41, Station Parade, Romford, 1.1% 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 41, Station Parade, 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.