According to the public record, 3A, Balgores Square, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 606 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Balgores Square, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
3A, Balgores Square, Romford has 2 entries in the Land Registry database, most recently in December 2019 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3A Balgores Square Romford as £248,632 and the rental value as £1,502 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 3A Balgores Square Romford has increased by £2,281 (0.9%) and its rental value has increased by £106 per month (7.0%).
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 3A, Balgores Square, Romford is in very good condition we estimate a sale value of £261,063 and rental value of £1,577 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,227 and a rental value of £1,397 per month.
If you were able to purchase this property for the estimated value of £248,632, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,222 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, 3A, Balgores Square, Romford was last sold on 03 Dec 2019 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2019, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3A, Balgores Square, Romford within a radius of 540 metres over the last 2 years.
The most recent example is 7A, Squirrels Heath Lane, Romford, RM2 6DP, a Leasehold flat which sold for £275,000 in Sep 2022.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balgores Square, Romford, RM2 has a total of 21 addresses. According to our analysis of all the public data, 3A, Balgores Square, Romford is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £267k less expensive than the average property in RM2.
The closest station to 3A, Balgores Square, Romford is Gidea Park station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3A, Balgores Square, Romford, 47.4% of property is privately owned with a mortgage and 34.1% 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 3A, Balgores Square, Romford, 15.0% of residents are recorded as possessing school level qualifications and 39.2% 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 3A, Balgores Square, Romford, the average age was 42.3 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 3A, Balgores Square, Romford, 0.6% 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 3A, Balgores Square, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.