According to the public record, 8 Victoria House, Romford is a mid-century leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Victoria House, Durham Avenue, Romford, RM2.
Durham Avenue, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
8 Victoria House, Romford has a single entry in the Land Registry database from September 2013 and a single entry in the EPC database dated October 2023.
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 8 Victoria House Romford as £178,180 and the rental value as £1,077 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 8 Victoria House Romford has increased by £193 (0.1%) and its rental value has increased by £67 per month (6.2%).
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 8 Victoria House, Romford is in very good condition we estimate a sale value of £187,089 and rental value of £1,130 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £165,707 and a rental value of £1,001 per month.
If you were able to purchase this property for the estimated value of £178,180, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £876 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, 8 Victoria House, Romford was last sold on 24 Sep 2013 for £115,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2013, the market for similar properties has risen 49.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8 Victoria House, Romford within a radius of 480 metres over the last 2 years.
The most recent example is 32 Mountbatten House, Elvet Avenue, Romford, RM2 6JT, a Leasehold flat which sold for £200,000 in Dec 2021.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Durham Avenue, Romford, RM2 has a total of 170 addresses. According to our analysis of all the public data, 8 Victoria House, Romford is the 100th largest and the 119th most expensive property on the street.
When compared to the postcode district it is £338k less expensive than the average property in RM2.
8 Victoria House, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Oct 2023.
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 8 Victoria House, Romford is Gidea Park station which is 400 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 8 Victoria House, Romford, 67.0% of property is socially rented and 18.6% 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 8 Victoria House, Romford, 25.0% of residents are recorded as possessing school level qualifications and 25.3% 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 8 Victoria House, Romford, the average age was 42.3 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 8 Victoria House, Romford, 0.8% 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 8 Victoria House, Romford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.