According to the public record, 5, Cunningham Close, Romford is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Cunningham Close, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
5, Cunningham Close, Romford has a single entry in the Land Registry database from March 2016 and a single entry in the EPC database dated July 2015.
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 5 Cunningham Close Romford as £116,149 and the rental value as £745 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 5 Cunningham Close Romford has increased by £972 (0.8%) and its rental value has increased by £42 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 5, Cunningham Close, Romford is in very good condition we estimate a sale value of £121,956 and rental value of £782 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,018 and a rental value of £693 per month.
If you were able to purchase this property for the estimated value of £116,149, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £571 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, 5, Cunningham Close, Romford was last sold on 21 Mar 2016 for £115,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 10.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Cunningham Close, Romford within a radius of 410 metres over the last 2 years.
The most recent example is 8, Cunningham Close, Romford, RM6 4YB, a Leasehold flat which sold for £110,000 in Oct 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cunningham Close, Romford, RM6 has a total of 52 addresses. According to our analysis of all the public data, 5, Cunningham Close, Romford is the 48th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £258k less expensive than the average property in RM6.
5, Cunningham Close, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jul 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 5, Cunningham Close, Romford is Chadwell Heath station which is 1.2 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 5, Cunningham Close, Romford, 45.2% of property is privately owned outright and 36.3% 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 5, Cunningham Close, Romford, 27.1% of residents are recorded as possessing school level qualifications and 35.6% 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 5, Cunningham Close, Romford, the average age was 40.6 and the most common age was 42.
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 5, Cunningham Close, Romford, 1.2% 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 5, Cunningham Close, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.