According to the public record, Flat 12, Birch House 2, Romford is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Birch House, Le Noke Avenue, Romford, RM3.
Le Noke Avenue, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
Flat 12, Birch House 2, Romford has a single entry in the Land Registry database from June 2013 and a single entry in the EPC database dated June 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 12 Birch House 2 Romford as £228,445 and the rental value as £1,283 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 12 Birch House 2 Romford has decreased by £5,833 (2.6%) and its rental value has increased by £43 per month (3.3%).
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 12, Birch House 2, Romford is in very good condition we estimate a sale value of £239,867 and rental value of £1,347 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £212,454 and a rental value of £1,193 per month.
If you were able to purchase this property for the estimated value of £228,445, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,123 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 12, Birch House 2, Romford was last sold on 28 Jun 2013 for £162,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2013, the market for similar properties has risen 67.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Birch House 2, Romford within a radius of 600 metres over the last 2 years.
The most recent example is Flat 8, Buttercup House 1, Brick Kiln Road, Romford, RM3 7GH, a Leasehold flat which sold for £268,500 in Oct 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Le Noke Avenue, Romford, RM3 has a total of 33 addresses. According to our analysis of all the public data, Flat 12, Birch House 2, Romford is the 33rd largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £132k less expensive than the average property in RM3.
Flat 12, Birch House 2, Romford has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 03 Jun 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 12, Birch House 2, Romford is Harold Wood station which is 2.5 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 12, Birch House 2, Romford, 45.3% of property is privately owned outright and 30.2% is privately rented.
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 12, Birch House 2, Romford, 13.6% of residents are recorded as possessing school level qualifications and 26.8% 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 12, Birch House 2, Romford, the average age was 38.4 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 12, Birch House 2, 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 12, Birch House 2, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.