According to the public record, 7 Academy Square 1, Romford is a modern leasehold apartment with 1,377 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Academy Square, Academy Fields Road, Romford, RM2.
Academy Fields Road, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
7 Academy Square 1, Romford has 2 entries in the Land Registry database, most recently in February 2014 and a single entry in the EPC database dated August 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Academy Square 1 Romford as £518,245 and the rental value as £2,437 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 7 Academy Square 1 Romford has increased by £9,911 (1.9%) and its rental value has increased by £197 per month (8.1%).
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 7 Academy Square 1, Romford is in very good condition we estimate a sale value of £544,157 and rental value of £2,558 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,968 and a rental value of £2,266 per month.
If you were able to purchase this property for the estimated value of £518,245, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,547 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, 7 Academy Square 1, Romford was last sold on 07 Feb 2014 for £390,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2014, the market for similar properties has risen 38.2%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 490 metres radius of 7 Academy Square 1, Romford over the last 2 years.
The most recent example is 6 Academy Square 1, Academy Fields Road, Romford, RM2 5UE, a Leasehold flat which sold for £390,000 in Jul 2023.
Read more about house prices in RM2.
Academy Fields Road, Romford, RM2 has a total of 58 addresses. According to our analysis of all the public data, 7 Academy Square 1, Romford is the 15th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £2k more expensive than the average property in RM2.
7 Academy Square 1, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Aug 2009.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 7 Academy Square 1, Romford is Gidea Park station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7 Academy Square 1, Romford, 41.2% of property is privately owned with a mortgage and 32.2% is privately 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 7 Academy Square 1, Romford, 17.4% of residents are recorded as possessing school level qualifications and 43.3% 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 7 Academy Square 1, Romford, the average age was 42.1 and the most common age was 52.
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 7 Academy Square 1, Romford, 0.4% 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 7 Academy Square 1, 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.