According to the public record, Apartment 9, Archers Apartments 27, Romford is a modern leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Archers Apartments, Haysoms Close, Romford, RM1.
Haysoms Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Apartment 9, Archers Apartments 27, Romford has a single entry in the Land Registry database from April 2007 and a single entry in the EPC database dated June 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 Apartment 9 Archers Apartments 27 Romford as £167,889 and the rental value as £846 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Apartment 9 Archers Apartments 27 Romford has decreased by £1,361 (0.8%) and its rental value has increased by £44 per month (5.2%).
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 Apartment 9, Archers Apartments 27, Romford is in very good condition we estimate a sale value of £176,283 and rental value of £888 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,136 and a rental value of £787 per month.
If you were able to purchase this property for the estimated value of £167,889, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £825 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, Apartment 9, Archers Apartments 27, Romford was last sold on 10 Apr 2007 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2007, the market for similar properties has risen 49.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Apartment 9, Archers Apartments 27, Romford within a radius of 440 metres over the last 2 years.
The most recent example is 60, Malt House Place, Romford, RM1 1AR, a Leasehold flat which sold for £220,000 in Aug 2017.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Haysoms Close, Romford, RM1 has a total of 39 addresses. According to our analysis of all the public data, Apartment 9, Archers Apartments 27, Romford is the 39th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £226k less expensive than the average property in RM1.
Apartment 9, Archers Apartments 27, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jun 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Apartment 9, Archers Apartments 27, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Apartment 9, Archers Apartments 27, Romford, 49.3% of property is socially rented and 31.0% is privately rented.
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 Apartment 9, Archers Apartments 27, Romford, 6.7% of residents are recorded as possessing school level qualifications and 29.7% 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 Apartment 9, Archers Apartments 27, 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 Apartment 9, Archers Apartments 27, 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 Apartment 9, Archers Apartments 27, Romford, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.