According to the public record, 9, Chadwell Heath Lane, Romford is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 9, Chadwell Heath Lane, Romford, RM6.
Chadwell Heath Lane, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
9, Chadwell Heath Lane, Romford has 21 entries in the Land Registry database, most recently in December 2007 and a single entry in the EPC database dated March 2023.
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 9 Chadwell Heath Lane Romford as £215,692 and the rental value as £1,325 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 9 Chadwell Heath Lane Romford has increased by £642 (0.3%) and its rental value has increased by £67 per month (5.1%).
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 9, Chadwell Heath Lane, Romford is in very good condition we estimate a sale value of £226,476 and rental value of £1,391 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,593 and a rental value of £1,232 per month.
If you were able to purchase this property for the estimated value of £215,692, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,060 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, 9, Chadwell Heath Lane, Romford was last sold on 19 Dec 2007 for £182,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has risen 47.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Chadwell Heath Lane, Romford within a radius of 450 metres over the last 2 years.
The most recent example is 13 Bedwell Court, Broomfield Road, Romford, RM6 6DR, a Leasehold flat which sold for £240,000 in Apr 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chadwell Heath Lane, Romford, RM6 has a total of 308 addresses. According to our analysis of all the public data, 9, Chadwell Heath Lane, Romford is the 216th largest and the 229th most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in RM6.
9, Chadwell Heath Lane, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Mar 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 9, Chadwell Heath Lane, Romford is Chadwell Heath 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 9, Chadwell Heath Lane, Romford, 56.2% of property is privately rented and 23.1% is privately owned with a mortgage.
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 9, Chadwell Heath Lane, Romford, 28.1% of residents are recorded as possessing school level qualifications and 36.3% 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 9, Chadwell Heath Lane, 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 9, Chadwell Heath Lane, 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 9, Chadwell Heath Lane, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.