According to the public record, 69C, Morley Road, Romford is a mid-century leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 69, Morley Road, Romford, RM6.
Morley Road, Romford, RM6 is located in the borough of Barking and Dagenham within the RM6 postal district.
69C, Morley Road, Romford has 2 entries in the Land Registry database, most recently in May 2013 and a single entry in the EPC database dated February 2023.
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 69C Morley Road Romford as £195,663 and the rental value as £1,241 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 69C Morley Road Romford has increased by £434 (0.2%) and its rental value has increased by £64 per month (5.1%).
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 69C, Morley Road, Romford is in very good condition we estimate a sale value of £205,446 and rental value of £1,303 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £181,966 and a rental value of £1,154 per month.
If you were able to purchase this property for the estimated value of £195,663, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £962 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, 69C, Morley Road, Romford was last sold on 03 May 2013 for £123,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2013, the market for similar properties has risen 62.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 69C, Morley Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 8, Eagle Avenue, Romford, RM6 6NJ, a Leasehold flat which sold for £287,500 in Jan 2022.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morley Road, Romford, RM6 has a total of 74 addresses. According to our analysis of all the public data, 69C, Morley Road, Romford is the 74th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £179k less expensive than the average property in RM6.
69C, Morley Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Feb 2023.
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 69C, Morley Road, Romford is Chadwell Heath station which is 1.2 kilometres 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 69C, Morley Road, Romford, 45.1% of property is privately owned with a mortgage and 29.7% 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 69C, Morley Road, Romford, 25.8% of residents are recorded as possessing school level qualifications and 38.6% 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 69C, Morley Road, Romford, the average age was 35.3 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 69C, Morley Road, 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 69C, Morley Road, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.