According to the public record, Flat 1, Laleham Court 2, Romford is a modern leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Laleham Court, Brooklands Road, Romford, RM7.
Brooklands Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 1, Laleham Court 2, Romford has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated October 2019.
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 good condition, we estimate the current sale value for Flat 1 Laleham Court 2 Romford as £328,809 and the rental value as £1,534 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 1 Laleham Court 2 Romford has decreased by £629 (0.2%) and its rental value has increased by £87 per month (5.7%).
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, Laleham Court 2, Romford is in very good condition we estimate a sale value of £345,249 and rental value of £1,611 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,792 and a rental value of £1,427 per month.
If you were able to purchase this property for the estimated value of £328,809, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,616 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, Laleham Court 2, Romford was last sold on 17 Dec 2019 for £325,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Laleham Court 2, Romford within a radius of 400 metres over the last 2 years.
The most recent example is Flat 5, Laleham Court 2, Brooklands Road, Romford, RM7 7DX, a Leasehold flat which sold for £350,000 in Jun 2021.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brooklands Road, Romford, RM7 has a total of 84 addresses. According to our analysis of all the public data, Flat 1, Laleham Court 2, Romford is the 79th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in RM7.
Flat 1, Laleham Court 2, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Oct 2019.
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, Laleham Court 2, Romford is Romford station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, Laleham Court 2, Romford, 42.4% of property is privately rented and 26.7% 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, Laleham Court 2, Romford, 17.9% of residents are recorded as possessing school level qualifications and 45.4% 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, Laleham Court 2, Romford, the average age was 37 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, Laleham Court 2, Romford, 0.7% 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, Laleham Court 2, 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.