According to the public record, 983, Romford Road, London is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Romford Road, London, E12 is located in the borough of Newham within the E12 postal district.
983, Romford Road, London has a single entry in the Land Registry database from January 2018 and a single entry in the EPC database dated June 2015.
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 983 Romford Road London as £268,419 and the rental value as £1,626 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 983 Romford Road London has increased by £2,263 (0.8%) and its rental value has increased by £60 per month (3.7%).
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 983, Romford Road, London is in very good condition we estimate a sale value of £281,840 and rental value of £1,708 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,630 and a rental value of £1,512 per month.
If you were able to purchase this property for the estimated value of £268,419, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,319 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, 983, Romford Road, London was last sold on 29 Jan 2018 for £255,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2018, the market for similar properties has risen 6.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 983, Romford Road, London within a radius of 400 metres over the last 2 years.
The most recent example is Flat 15, Churcher House 88, Jack Cornwell Street, London, E12 5FB, a Leasehold flat which sold for £280,000 in Jun 2022.
Read more about house prices in E12.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Romford Road, London, E12 has a total of 521 addresses. According to our analysis of all the public data, 983, Romford Road, London is the 177th largest and the 190th most expensive property on the street.
When compared to the postcode district it is £156k less expensive than the average property in E12.
983, Romford Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jun 2015.
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 983, Romford Road, London is Ilford station which is 800 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 983, Romford Road, London, 63.2% of property is privately rented and 22.1% is socially 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 983, Romford Road, London, 30.3% of residents are recorded as possessing school level qualifications and 26.8% 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 983, Romford Road, London, the average age was 32.4 and the most common age was 12.
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 983, Romford Road, London, 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 983, Romford Road, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.