According to the public record, 183A, London Road, Romford is a period apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 183, London Road, Romford, RM7.
London Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
183A, London Road, Romford has no recent1 records in the Land Registry database and a single entry in the EPC database dated February 2017.
We combine this information with public data 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 183A London Road Romford as £396,971 and the rental value as £1,871 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 183A London Road Romford has increased by £2,126 (0.5%) and its rental value has increased by £114 per month (6.1%).
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 183A, London Road, Romford is in very good condition we estimate a sale value of £416,820 and rental value of £1,965 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £369,183 and a rental value of £1,740 per month.
If you were able to purchase this property for the estimated value of £396,971, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,951 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, 183A, London Road, Romford was last sold on 19 Dec 1997 for £36,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 480 metres radius of 183A, London Road, Romford over the last 2 years.
The most recent example is 4, Norfolk Road, Romford, RM7 9DL, a Freehold house which sold for £370,000 in Apr 2019.
Read more about house prices in RM7.
London Road, Romford, RM7 has a total of 479 addresses. According to our analysis of all the public data, 183A, London Road, Romford is the 309th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £21k more expensive than the average property in RM7.
183A, London Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Feb 2017.
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 183A, London Road, Romford is Romford station which is 1.0 kilometres 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 183A, London Road, Romford, 30.9% of property is privately owned with a mortgage and 30.0% 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 183A, London Road, Romford, 24.8% of residents are recorded as possessing school level qualifications and 35.2% 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 183A, London Road, Romford, the average age was 35.1 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 183A, London Road, Romford, 0.3% 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 183A, London Road, 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.