According to the public record, 162A, Victoria Road, Romford is a period leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 162, Victoria Road, Romford, RM1.
Victoria Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
162A, Victoria Road, Romford has 3 entries in the Land Registry database, most recently in June 2017 and a single entry in the EPC database dated November 2013.
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 162A Victoria Road Romford as £208,120 and the rental value as £1,029 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 162A Victoria Road Romford has decreased by £867 (0.4%) and its rental value has increased by £57 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 162A, Victoria Road, Romford is in very good condition we estimate a sale value of £218,526 and rental value of £1,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,551 and a rental value of £957 per month.
If you were able to purchase this property for the estimated value of £208,120, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,023 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, 162A, Victoria Road, Romford was last sold on 08 Jun 2017 for £225,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2017, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 162A, Victoria Road, Romford within a radius of 400 metres over the last 2 years.
The most recent example is Flat 3, Old Print House 198, Victoria Road, Romford, RM1 2NX, a Leasehold flat which sold for £204,000 in Apr 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Road, Romford, RM1 has a total of 351 addresses. According to our analysis of all the public data, 162A, Victoria Road, Romford is the 321st largest and the 299th most expensive property on the street.
When compared to the postcode district it is £186k less expensive than the average property in RM1.
162A, Victoria Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Nov 2013.
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 162A, Victoria Road, Romford is Romford station which is 600 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 162A, Victoria Road, Romford, 35.0% of property is privately owned with a mortgage and 30.1% is privately 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 162A, Victoria Road, Romford, 20.4% of residents are recorded as possessing school level qualifications and 38.4% 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 162A, Victoria Road, 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 162A, Victoria Road, 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 162A, Victoria Road, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.