According to the public record, 7 Maxim Tower, Mercury Gardens, Romford is a modern leasehold apartment with 537 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mercury Gardens, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
7 Maxim Tower, Mercury Gardens, Romford has 3 entries in the Land Registry database, most recently in March 2015 and a single entry in the EPC database dated April 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 Maxim Tower Mercury Gardens Romford as £240,932 and the rental value as £1,208 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 7 Maxim Tower Mercury Gardens Romford has decreased by £1,454 (0.6%) and its rental value has increased by £66 per month (5.5%).
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 Maxim Tower, Mercury Gardens, Romford is in very good condition we estimate a sale value of £252,979 and rental value of £1,269 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £224,067 and a rental value of £1,124 per month.
If you were able to purchase this property for the estimated value of £240,932, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,184 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 Maxim Tower, Mercury Gardens, Romford was last sold on 19 Mar 2015 for £167,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2015, the market for similar properties has risen 24.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Maxim Tower, Mercury Gardens, Romford within a radius of 440 metres over the last 2 years.
The most recent example is 173 Index Apartments, Mercury Gardens, Romford, RM1 3HS, a Leasehold flat which sold for £230,000 in Feb 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercury Gardens, Romford, RM1 has a total of 317 addresses. According to our analysis of all the public data, 7 Maxim Tower, Mercury Gardens, Romford is the 174th largest and the 227th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in RM1.
7 Maxim Tower, Mercury Gardens, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Apr 2009.
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 7 Maxim Tower, Mercury Gardens, Romford is Romford station which is 600 metres 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 7 Maxim Tower, Mercury Gardens, Romford, 43.7% of property is privately rented and 35.0% 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 7 Maxim Tower, Mercury Gardens, Romford, 11.1% of residents are recorded as possessing school level qualifications and 35.4% 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 Maxim Tower, Mercury Gardens, Romford, the average age was 37 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 7 Maxim Tower, Mercury Gardens, 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 7 Maxim Tower, Mercury Gardens, 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.