According to the public record, Flat 10, Parkview Lodge 18, Romford is a modern apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Parkview Lodge, Marks Road, Romford, RM7.
Marks Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 10, Parkview Lodge 18, Romford has no records in the Land Registry database and a single entry in the EPC database dated December 2023.
We combine this information with public data 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 10 Parkview Lodge 18 Romford as £289,667 and the rental value as £1,638 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 10 Parkview Lodge 18 Romford has increased by £2,702 (0.9%) and its rental value has increased by £108 per month (6.6%).
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 10, Parkview Lodge 18, Romford is in very good condition we estimate a sale value of £304,151 and rental value of £1,720 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,391 and a rental value of £1,523 per month.
If you were able to purchase this property for the estimated value of £289,667, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,424 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 10, Parkview Lodge 18, Romford within a radius of 430 metres over the last 2 years.
The most recent example is Flat 34, Fern Court, Cottons Approach, Romford, RM7 7LP, a Leasehold flat which sold for £300,000 in Nov 2021.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marks Road, Romford, RM7 has a total of 225 addresses. According to our analysis of all the public data, Flat 10, Parkview Lodge 18, Romford is the 56th largest and the 135th most expensive property on the street.
When compared to the postcode district it is £86k less expensive than the average property in RM7.
Flat 10, Parkview Lodge 18, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Dec 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 10, Parkview Lodge 18, 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 10, Parkview Lodge 18, Romford, 35.8% of property is privately owned with a mortgage and 26.3% 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 10, Parkview Lodge 18, Romford, 22.0% of residents are recorded as possessing school level qualifications and 34.1% 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 10, Parkview Lodge 18, Romford, the average age was 38.3 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 10, Parkview Lodge 18, Romford, 1.3% 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 10, Parkview Lodge 18, 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.