According to the public record, 22A, Havering Road, Romford is a early-century leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 22, Havering Road, Romford, RM1.
Havering Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
22A, Havering Road, Romford has 21 entries in the Land Registry database, most recently in September 2019 and a single entry in the EPC database dated April 2019.
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 22A Havering Road Romford as £206,071 and the rental value as £1,096 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 22A Havering Road Romford has decreased by £1,524 (0.7%) and its rental value has increased by £60 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 22A, Havering Road, Romford is in very good condition we estimate a sale value of £216,374 and rental value of £1,151 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £191,646 and a rental value of £1,019 per month.
If you were able to purchase this property for the estimated value of £206,071, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,013 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, 22A, Havering Road, Romford was last sold on 20 Sep 2019 for £210,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2019, the market for similar properties has risen 6.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22A, Havering Road, Romford within a radius of 540 metres over the last 2 years.
The most recent example is 45, Eastern Avenue East, Romford, RM1 4SD, a Leasehold flat which sold for £147,500 in Jun 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Havering Road, Romford, RM1 has a total of 433 addresses. According to our analysis of all the public data, 22A, Havering Road, Romford is the 425th largest and the 415th most expensive property on the street.
When compared to the postcode district it is £188k less expensive than the average property in RM1.
22A, Havering Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Apr 2019.
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 22A, Havering Road, Romford is Romford station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 22A, Havering Road, Romford, 42.2% of property is privately owned with a mortgage and 25.6% 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 22A, Havering Road, Romford, 19.9% of residents are recorded as possessing school level qualifications and 25.5% 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 22A, Havering Road, Romford, the average age was 40.2 and the most common age was 42.
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 22A, Havering 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 22A, Havering 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.