According to the public record, 83B, Main Road, Romford is a mid-century leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 83, Main Road, Romford, RM2.
Main Road, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
83B, Main Road, Romford has a single entry in the Land Registry database from November 2015 and a single entry in the EPC database dated April 2015.
We combine this information with that of neighbouring properties to estimate the property 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 83B Main Road Romford as £244,495 and the rental value as £1,475 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 83B Main Road Romford has increased by £2,595 (1.1%) and its rental value has increased by £107 per month (7.3%).
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 83B, Main Road, Romford is in very good condition we estimate a sale value of £256,719 and rental value of £1,548 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,380 and a rental value of £1,371 per month.
If you were able to purchase this property for the estimated value of £244,495, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,202 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, 83B, Main Road, Romford was last sold on 06 Nov 2015 for £197,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 11.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83B, Main Road, Romford within a radius of 730 metres over the last 2 years.
The most recent example is 4, Brent Court, Compton Avenue, Romford, RM2 6EU, a Leasehold flat which sold for £225,000 in Mar 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Main Road, Romford, RM2 has a total of 368 addresses. According to our analysis of all the public data, 83B, Main Road, Romford is the 204th largest and the 338th most expensive property on the street.
When compared to the postcode district it is £271k less expensive than the average property in RM2.
83B, Main Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Apr 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 83B, Main Road, Romford is Gidea Park station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 83B, Main Road, Romford, 44.2% of property is privately owned outright and 36.4% 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 83B, Main Road, Romford, 18.6% of residents are recorded as possessing school level qualifications and 35.9% 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 83B, Main Road, 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 83B, Main Road, Romford, 3.5% 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 83B, Main Road, Romford, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.