According to the public record, 51, Vignoles Road, Romford is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Vignoles Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
51, Vignoles Road, Romford has 51 entries in the Land Registry database, most recently in September 2016 and a single entry in the EPC database dated January 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 Vignoles Road Romford as £231,937 and the rental value as £1,315 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 51 Vignoles Road Romford has increased by £363 (0.2%) and its rental value has increased by £75 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, Vignoles Road, Romford is in very good condition we estimate a sale value of £243,534 and rental value of £1,381 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,701 and a rental value of £1,223 per month.
If you were able to purchase this property for the estimated value of £231,937, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,140 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, Vignoles Road, Romford was last sold on 15 Sep 2016 for £230,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Sep 2016, the market for similar properties has risen 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Vignoles Road, Romford within a radius of 650 metres over the last 2 years.
The most recent example is 30, Vignoles Road, Romford, RM7 0DU, a Leasehold flat which sold for £210,000 in Nov 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vignoles Road, Romford, RM7 has a total of 81 addresses. According to our analysis of all the public data, 51, Vignoles Road, Romford is the 14th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in RM7.
51, Vignoles Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jan 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, Vignoles Road, Romford is Chadwell Heath station which is 1.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 51, Vignoles Road, Romford, 29.8% of property is privately rented and 27.6% 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 51, Vignoles Road, Romford, 27.4% of residents are recorded as possessing school level qualifications and 32.6% 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 51, Vignoles Road, Romford, the average age was 35.1 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 51, Vignoles 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, Vignoles Road, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.