According to the public record, 3A, Fairview Parade, Romford is a early-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 3, Fairview Parade, Romford, RM7.
Fairview Parade, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
3A, Fairview Parade, Romford has 21 entries in the Land Registry database, most recently in May 2015 and a single entry in the EPC database dated February 2020.
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 3A Fairview Parade Romford as £192,890 and the rental value as £1,175 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 3A Fairview Parade Romford has decreased by £369 (0.2%) and its rental value has increased by £67 per month (5.7%).
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, Fairview Parade, Romford is in very good condition we estimate a sale value of £202,534 and rental value of £1,234 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,387 and a rental value of £1,093 per month.
If you were able to purchase this property for the estimated value of £192,890, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £948 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, Fairview Parade, Romford was last sold on 07 May 2015 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2015, the market for similar properties has risen 28.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3A, Fairview Parade, Romford within a radius of 430 metres over the last 2 years.
The most recent example is Flat 13, The Gatehouse, High Street, Romford, RM1 1AN, a Leasehold flat which sold for £207,000 in Feb 2021.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fairview Parade, Romford, RM7 has a total of 6 addresses. According to our analysis of all the public data, 3A, Fairview Parade, Romford is the 5th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £183k less expensive than the average property in RM7.
3A, Fairview Parade, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Feb 2020.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 3A, Fairview Parade, Romford is Romford station which is 600 metres 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 3A, Fairview Parade, Romford, 37.4% of property is privately rented and 31.3% is privately owned with a mortgage.
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, Fairview Parade, Romford, 17.3% of residents are recorded as possessing school level qualifications and 39.0% 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, Fairview Parade, Romford, the average age was 37 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, Fairview Parade, Romford, 1.2% 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, Fairview Parade, 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.