According to the public record, 25A, Hainault Road, Romford is a early-century leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 25, Hainault Road, Romford, RM5.
Hainault Road, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
25A, Hainault Road, Romford has 4 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated November 2021.
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 25A Hainault Road Romford as £207,459 and the rental value as £1,037 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 25A Hainault Road Romford has decreased by £921 (0.4%) and its rental value has increased by £58 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 25A, Hainault Road, Romford is in very good condition we estimate a sale value of £217,832 and rental value of £1,089 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £192,937 and a rental value of £965 per month.
If you were able to purchase this property for the estimated value of £207,459, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,020 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, 25A, Hainault Road, Romford was last sold on 18 Feb 2022 for £217,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2022, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25A, Hainault Road, Romford within a radius of 540 metres over the last 2 years.
The most recent example is 1, Romside Place, Romford, RM7 7EE, a Leasehold flat which sold for £273,000 in Nov 2022.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hainault Road, Romford, RM5 has a total of 159 addresses. According to our analysis of all the public data, 25A, Hainault Road, Romford is the 150th largest and the 150th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in RM5.
25A, Hainault Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Nov 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 25A, Hainault Road, Romford is Romford station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 25A, Hainault Road, Romford, 49.1% of property is privately owned with a mortgage and 23.3% 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 25A, Hainault Road, Romford, 25.6% of residents are recorded as possessing school level qualifications and 36.3% 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 25A, Hainault Road, Romford, the average age was 38.3 and the most common age was 37.
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 25A, Hainault 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 25A, Hainault Road, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.