According to the public record, 78, Avenue Road, Romford is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Avenue Road, Chadwell Heath, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
78, Avenue Road, Romford has 41 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated December 2020.
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 78 Avenue Road Romford as £232,262 and the rental value as £1,339 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 78 Avenue Road Romford has increased by £1,001 (0.4%) and its rental value has increased by £69 per month (5.2%).
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 78, Avenue Road, Romford is in very good condition we estimate a sale value of £243,875 and rental value of £1,406 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,004 and a rental value of £1,245 per month.
If you were able to purchase this property for the estimated value of £232,262, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,141 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, 78, Avenue Road, Romford was last sold on 27 Sep 2021 for £254,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2021, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Avenue Road, Romford within a radius of 450 metres over the last 2 years.
The most recent example is 74, Avenue Road, Romford, RM6 4JF, a Leasehold flat which sold for £265,000 in Feb 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Avenue Road, Chadwell Heath, Romford, RM6 has a total of 93 addresses. According to our analysis of all the public data, 78, Avenue Road, Romford is the 57th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in RM6.
78, Avenue Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Dec 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to 78, Avenue Road, Romford is Goodmayes 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 78, Avenue Road, Romford, 35.6% of property is socially rented and 30.8% 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 78, Avenue Road, Romford, 29.8% of residents are recorded as possessing school level qualifications and 37.3% 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 78, Avenue Road, Romford, the average age was 40.6 and the most common age was 42.
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 78, Avenue Road, Romford, 0.3% 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 78, Avenue Road, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.