According to the public record, Flat 1, Mayhill Lodge 67, Romford is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mayhill Lodge, Straight Road, Romford, RM3.
Straight Road, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
Flat 1, Mayhill Lodge 67, Romford has a single entry in the Land Registry database from January 2006 and a single entry in the EPC database dated May 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 reasonable condition, we estimate the current sale value for Flat 1 Mayhill Lodge 67 Romford as £210,398 and the rental value as £1,263 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 1 Mayhill Lodge 67 Romford has decreased by £985 (0.5%) and its rental value has increased by £71 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, Mayhill Lodge 67, Romford is in very good condition we estimate a sale value of £220,918 and rental value of £1,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,670 and a rental value of £1,175 per month.
If you were able to purchase this property for the estimated value of £210,398, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,034 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, Mayhill Lodge 67, Romford was last sold on 17 Jan 2006 for £121,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Mayhill Lodge 67, Romford within a radius of 480 metres over the last 2 years.
The most recent example is Flat 18, Natasha Court, Mimosa Close, Romford, RM3 8GU, a Leasehold flat which sold for £235,000 in Aug 2022.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Straight Road, Romford, RM3 has a total of 384 addresses. According to our analysis of all the public data, Flat 1, Mayhill Lodge 67, Romford is the 287th largest and the 289th most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in RM3.
Flat 1, Mayhill Lodge 67, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 May 2019.
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, Mayhill Lodge 67, Romford is Harold Wood station which is 1.5 kilometres 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, Mayhill Lodge 67, Romford, 35.6% of property is privately owned with a mortgage and 28.9% is privately owned outright.
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, Mayhill Lodge 67, Romford, 24.5% of residents are recorded as possessing school level qualifications and 37.2% 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, Mayhill Lodge 67, Romford, the average age was 37.6 and the most common age was 37.
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, Mayhill Lodge 67, Romford, 0.5% 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, Mayhill Lodge 67, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.