According to the public record, 70, Rose Lane, Romford is a mid-century leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Rose Lane, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
70, Rose Lane, Romford has 31 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated October 2014.
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 70 Rose Lane Romford as £296,054 and the rental value as £1,542 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 70 Rose Lane Romford has increased by £115 (0.0%) and its rental value has increased by £84 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 70, Rose Lane, Romford is in very good condition we estimate a sale value of £310,857 and rental value of £1,619 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,331 and a rental value of £1,434 per month.
If you were able to purchase this property for the estimated value of £296,054, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,455 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, 70, Rose Lane, Romford was last sold on 31 May 2018 for £258,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2018, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 70, Rose Lane, Romford within a radius of 540 metres over the last 2 years.
The most recent example is 68, Rose Lane, Romford, RM6 5JU, a Leasehold flat which sold for £307,000 in Jan 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rose Lane, Romford, RM6 has a total of 210 addresses. According to our analysis of all the public data, 70, Rose Lane, Romford is the 124th largest and the 92nd most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in RM6.
70, Rose Lane, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Oct 2014.
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 70, Rose Lane, Romford is Chadwell Heath station which is 1.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 70, Rose Lane, Romford, 37.8% of property is privately owned with a mortgage and 35.4% 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 70, Rose Lane, Romford, 33.9% of residents are recorded as possessing school level qualifications and 31.5% 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 70, Rose Lane, 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 70, Rose Lane, Romford, 0.5% 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 70, Rose Lane, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.