According to the public record, 221A, London Road, Romford is a early-century leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 221, London Road, Romford, RM7.
London Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
221A, London Road, Romford has a single entry in the Land Registry database from October 2016 and a single entry in the EPC database dated March 2016.
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 221A London Road Romford as £232,239 and the rental value as £1,431 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 221A London Road Romford has increased by £628 (0.3%) and its rental value has increased by £83 per month (5.8%).
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 221A, London Road, Romford is in very good condition we estimate a sale value of £243,851 and rental value of £1,503 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,982 and a rental value of £1,331 per month.
If you were able to purchase this property for the estimated value of £232,239, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,141 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, 221A, London Road, Romford was last sold on 14 Oct 2016 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2016, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 221A, London Road, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 2, Esher Avenue, Romford, RM7 9EA, a Leasehold flat which sold for £197,000 in Jan 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Romford, RM7 has a total of 479 addresses. According to our analysis of all the public data, 221A, London Road, Romford is the 88th largest and the 351st most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in RM7.
221A, London Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Mar 2016.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 221A, London Road, Romford is Romford station which is 1.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 221A, London Road, Romford, 36.8% of property is privately owned with a mortgage and 32.8% 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 221A, London Road, Romford, 27.5% of residents are recorded as possessing school level qualifications and 34.4% 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 221A, 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 221A, 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 221A, London Road, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.