According to the public record, 9, Watermans, Romford is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Watermans, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
9, Watermans, Romford has 2 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated May 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 9 Watermans Romford as £159,930 and the rental value as £985 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 9 Watermans Romford has decreased by £965 (0.6%) and its rental value has increased by £54 per month (5.5%).
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, Watermans, Romford is in very good condition we estimate a sale value of £167,926 and rental value of £1,034 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,735 and a rental value of £916 per month.
If you were able to purchase this property for the estimated value of £159,930, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £786 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, Watermans, Romford was last sold on 18 Mar 2024 for £128,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2024, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Watermans, Romford within a radius of 440 metres over the last 2 years.
The most recent example is 16, Watermans, Romford, RM1 3QZ, a Leasehold flat which sold for £145,000 in May 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Watermans, Romford, RM1 has a total of 39 addresses. According to our analysis of all the public data, 9, Watermans, Romford is the 20th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £234k less expensive than the average property in RM1.
9, Watermans, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 May 2023.
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, Watermans, Romford is Romford station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 9, Watermans, Romford, 30.5% of property is socially rented and 29.8% 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, Watermans, Romford, 14.0% of residents are recorded as possessing school level qualifications and 22.4% 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, Watermans, Romford, the average age was 37 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, Watermans, Romford, 0.9% 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, Watermans, 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.