According to the public record, 171E, Romford Road, London is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 171, Romford Road, London, E15.
Romford Road, London, E15 is located in the borough of Newham within the E15 postal district.
171E, Romford Road, London has a single entry in the Land Registry database from July 2012 and a single entry in the EPC database dated August 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 171E Romford Road London as £387,623 and the rental value as £2,502 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 171E Romford Road London has increased by £11,178 (2.9%) and its rental value has increased by £110 per month (4.4%).
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 171E, Romford Road, London is in very good condition we estimate a sale value of £407,005 and rental value of £2,627 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £360,490 and a rental value of £2,326 per month.
If you were able to purchase this property for the estimated value of £387,623, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,905 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, 171E, Romford Road, London was last sold on 20 Jul 2012 for £174,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2012, the market for similar properties has risen 80.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 171E, Romford Road, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 9, 187A, Romford Road, London, E15 4JF, a Leasehold flat which sold for £350,000 in Dec 2023.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Romford Road, London, E15 has a total of 530 addresses. According to our analysis of all the public data, 171E, Romford Road, London is the 159th largest and the 96th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in E15.
171E, Romford Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 171E, Romford Road, London is Maryland 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 171E, Romford Road, London, 58.9% of property is socially rented and 31.3% 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 171E, Romford Road, London, 27.4% of residents are recorded as possessing school level qualifications and 31.9% 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 171E, Romford Road, London, the average age was 35 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 171E, Romford Road, London, 0.2% 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 171E, Romford Road, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.