According to the public record, 51, Gregory Road, Romford is a mid-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Gregory Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
51, Gregory Road, Romford has 2 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated October 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 51 Gregory Road Romford as £199,340 and the rental value as £1,291 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 51 Gregory Road Romford has increased by £1,328 (0.7%) and its rental value has increased by £73 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 51, Gregory Road, Romford is in very good condition we estimate a sale value of £209,307 and rental value of £1,355 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,386 and a rental value of £1,201 per month.
If you were able to purchase this property for the estimated value of £199,340, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £980 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, 51, Gregory Road, Romford was last sold on 27 Oct 2023 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2023, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Gregory Road, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 5, Gregory Road, Romford, RM6 5JJ, a Leasehold flat which sold for £200,000 in Sep 2019.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gregory Road, Romford, RM6 has a total of 97 addresses. According to our analysis of all the public data, 51, Gregory Road, Romford is the 74th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £175k less expensive than the average property in RM6.
51, Gregory Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Oct 2015.
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 51, Gregory Road, Romford is Chadwell Heath station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 51, Gregory Road, Romford, 48.9% of property is socially rented and 21.7% 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 51, Gregory Road, Romford, 20.0% of residents are recorded as possessing school level qualifications and 33.8% 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 51, Gregory Road, Romford, the average age was 34.1 and the most common age was 12.
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 51, Gregory Road, 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 51, Gregory Road, Romford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.