According to the public record, 57, Frazer Close, Romford is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Frazer Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
57, Frazer Close, Romford has 51 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated July 2022.
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 57 Frazer Close Romford as £248,339 and the rental value as £1,304 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 57 Frazer Close Romford has decreased by £508 (0.2%) and its rental value has increased by £73 per month (5.6%).
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 57, Frazer Close, Romford is in very good condition we estimate a sale value of £260,756 and rental value of £1,370 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,956 and a rental value of £1,213 per month.
If you were able to purchase this property for the estimated value of £248,339, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,221 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, 57, Frazer Close, Romford was last sold on 06 Jul 2022 for £256,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 57, Frazer Close, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 47, Frazer Close, Romford, RM1 2DG, a Leasehold flat which sold for £240,000 in Aug 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Frazer Close, Romford, RM1 has a total of 116 addresses. According to our analysis of all the public data, 57, Frazer Close, Romford is the 15th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in RM1.
57, Frazer Close, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jul 2022.
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 57, Frazer Close, 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 57, Frazer Close, Romford, 48.9% of property is privately rented and 24.4% is privately owned outright.
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 57, Frazer Close, Romford, 10.7% of residents are recorded as possessing school level qualifications and 23.7% 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 57, Frazer Close, Romford, the average age was 36.6 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 57, Frazer Close, 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 57, Frazer Close, Romford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.