According to the public record, Flat 1, 1, Albert Road, Romford is a modern apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Albert Road, Romford, RM1.
Albert Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 1, 1, Albert Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated January 2023.
We combine this information with public data 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 good condition, we estimate the current sale value for Flat 1 1 Albert Road Romford as £215,541 and the rental value as £1,289 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 1 1 Albert Road Romford has decreased by £806 (0.4%) and its rental value has increased by £72 per month (5.6%).
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 Flat 1, 1, Albert Road, Romford is in very good condition we estimate a sale value of £226,318 and rental value of £1,353 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,453 and a rental value of £1,199 per month.
If you were able to purchase this property for the estimated value of £215,541, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,059 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 1, Albert Road, Romford within a radius of 400 metres over the last 2 years.
The most recent example is Flat 2, Buckingham Court, Carlisle Road, Romford, RM1 2QZ, a Leasehold flat which sold for £275,500 in Jun 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albert Road, Romford, RM1 has a total of 122 addresses. According to our analysis of all the public data, Flat 1, 1, Albert Road, Romford is the 94th largest and the 104th most expensive property on the street.
When compared to the postcode district it is £179k less expensive than the average property in RM1.
Flat 1, 1, Albert Road, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Jan 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, 1, Albert Road, Romford is Romford station which is 400 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 Flat 1, 1, Albert Road, Romford, 36.0% of property is privately rented and 30.2% 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 Flat 1, 1, Albert Road, Romford, 19.0% of residents are recorded as possessing school level qualifications and 42.2% 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 Flat 1, 1, Albert Road, Romford, the average age was 36.6 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 Flat 1, 1, Albert 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 Flat 1, 1, Albert Road, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.