According to the public record, 9 Merritt House, Romford is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Merritt House, Frazer Close, Romford, RM1.
Frazer Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
9 Merritt House, Romford has 31 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated August 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 9 Merritt House Romford as £131,414 and the rental value as £802 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 9 Merritt House Romford has decreased by £269 (0.2%) and its rental value has increased by £45 per month (5.6%).
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 Merritt House, Romford is in very good condition we estimate a sale value of £137,985 and rental value of £842 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,215 and a rental value of £745 per month.
If you were able to purchase this property for the estimated value of £131,414, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £646 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 Merritt House, Romford was last sold on 01 Dec 2023 for £105,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2023, the market for similar properties has risen 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9 Merritt House, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 16 Merritt House, Frazer Close, Romford, RM1 2DE, a Leasehold flat which sold for £115,000 in Mar 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Frazer Close, Romford, RM1 has a total of 116 addresses. According to our analysis of all the public data, 9 Merritt House, Romford is the 5th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £263k less expensive than the average property in RM1.
9 Merritt House, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 9 Merritt House, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 9 Merritt House, Romford, 48.9% of property is privately rented and 24.4% 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 9 Merritt House, Romford, 10.7% of residents are recorded as possessing school level qualifications and 23.7% 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 9 Merritt House, Romford, the average age was 36.6 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 9 Merritt House, 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 Merritt House, Romford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.