According to the public record, Flat 1, 26, Richmond Road, Romford is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 26, Richmond Road, Romford, RM1.
Richmond Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 1, 26, Richmond Road, Romford has 31 entries in the Land Registry database, most recently in January 2013 and a single entry in the EPC database dated January 2022.
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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 1 26 Richmond Road Romford as £221,870 and the rental value as £1,185 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 1 26 Richmond Road Romford has decreased by £830 (0.4%) and its rental value has increased by £66 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, 26, Richmond Road, Romford is in very good condition we estimate a sale value of £232,963 and rental value of £1,244 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £206,339 and a rental value of £1,102 per month.
If you were able to purchase this property for the estimated value of £221,870, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,090 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, Flat 1, 26, Richmond Road, Romford was last sold on 31 Jan 2013 for £132,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2013, the market for similar properties has risen 60.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 26, Richmond Road, Romford within a radius of 410 metres over the last 2 years.
The most recent example is 9 St. Georges Court, George Street, Romford, RM1 2EB, a Leasehold flat which sold for £231,000 in Feb 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Romford, RM1 has a total of 47 addresses. According to our analysis of all the public data, Flat 1, 26, Richmond Road, Romford is the 24th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in RM1.
Flat 1, 26, Richmond Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jan 2022.
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 Flat 1, 26, Richmond Road, Romford is Romford station which is 0 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, 26, Richmond Road, Romford, 39.7% of property is privately rented and 33.8% 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, 26, Richmond Road, Romford, 17.7% of residents are recorded as possessing school level qualifications and 36.4% 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, 26, Richmond 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, 26, Richmond Road, Romford, 1.2% 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 Flat 1, 26, Richmond Road, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.