According to the public record, 83, Shepherds Close, Romford is a mid-century leasehold apartment with 738 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Shepherds Close, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
83, Shepherds Close, Romford has 31 entries in the Land Registry database, most recently in May 2017 and a single entry in the EPC database dated October 2009.
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 83 Shepherds Close Romford as £261,793 and the rental value as £1,495 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 83 Shepherds Close Romford has increased by £566 (0.2%) and its rental value has increased by £75 per month (5.0%).
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 83, Shepherds Close, Romford is in very good condition we estimate a sale value of £274,882 and rental value of £1,570 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,467 and a rental value of £1,390 per month.
If you were able to purchase this property for the estimated value of £261,793, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,287 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, 83, Shepherds Close, Romford was last sold on 18 May 2017 for £260,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2017, the market for similar properties has risen 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83, Shepherds Close, Romford within a radius of 480 metres over the last 2 years.
The most recent example is 91, Shepherds Close, Romford, RM6 5AH, a Leasehold flat which sold for £270,000 in Aug 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shepherds Close, Romford, RM6 has a total of 151 addresses. According to our analysis of all the public data, 83, Shepherds Close, Romford is the 65th largest and the 81st most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in RM6.
83, Shepherds Close, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Oct 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 83, Shepherds Close, Romford is Chadwell Heath station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 83, Shepherds Close, Romford, 32.7% of property is privately owned with a mortgage and 31.9% 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 83, Shepherds Close, Romford, 28.9% of residents are recorded as possessing school level qualifications and 36.7% 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 83, Shepherds Close, 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 83, Shepherds Close, 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 83, Shepherds Close, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.