According to the public record, Flat 1, Magnolia Court 31, Romford is a mid-century leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Magnolia Court, Mawney Road, Romford, RM7.
Mawney Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 1, Magnolia Court 31, Romford has 2 entries in the Land Registry database, most recently in January 2008 and a single entry in the EPC database dated January 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 Flat 1 Magnolia Court 31 Romford as £292,126 and the rental value as £1,352 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 1 Magnolia Court 31 Romford has decreased by £462 (0.2%) and its rental value has increased by £77 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, Magnolia Court 31, Romford is in very good condition we estimate a sale value of £306,732 and rental value of £1,419 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,677 and a rental value of £1,257 per month.
If you were able to purchase this property for the estimated value of £292,126, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,436 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, Magnolia Court 31, Romford was last sold on 31 Jan 2008 for £220,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2008, the market for similar properties has risen 45.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Magnolia Court 31, Romford within a radius of 430 metres over the last 2 years.
The most recent example is Flat 9, Magnolia Court 31, Mawney Road, Romford, RM7 7HL, a Leasehold flat which sold for £225,000 in Jan 2008.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mawney Road, Romford, RM7 has a total of 549 addresses. According to our analysis of all the public data, Flat 1, Magnolia Court 31, Romford is the 454th largest and the 407th most expensive property on the street.
When compared to the postcode district it is £84k less expensive than the average property in RM7.
Flat 1, Magnolia Court 31, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jan 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, Magnolia Court 31, Romford is Romford station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, Magnolia Court 31, Romford, 37.4% of property is privately rented and 31.3% 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, Magnolia Court 31, Romford, 17.3% of residents are recorded as possessing school level qualifications and 39.0% 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, Magnolia Court 31, 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, Magnolia Court 31, 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, Magnolia Court 31, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.