According to the public record, Flat 12, Old Print House 198, Romford is a period leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Old Print House, Victoria Road, Romford, RM1.
Victoria Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 12, Old Print House 198, Romford has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated September 2022.
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 Old Print House 198 Romford as £292,371 and the rental value as £1,372 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 12 Old Print House 198 Romford has decreased by £1,093 (0.4%) and its rental value has increased by £77 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 12, Old Print House 198, Romford is in very good condition we estimate a sale value of £306,989 and rental value of £1,441 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,905 and a rental value of £1,276 per month.
If you were able to purchase this property for the estimated value of £292,371, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,437 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, Old Print House 198, Romford was last sold on 17 Mar 2023 for £300,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Old Print House 198, Romford within a radius of 430 metres over the last 2 years.
The most recent example is 37, Monkwood Close, Romford, RM1 2NQ, a Leasehold flat which sold for £240,000 in Dec 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Victoria Road, Romford, RM1 has a total of 351 addresses. According to our analysis of all the public data, Flat 12, Old Print House 198, Romford is the 227th largest and the 85th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in RM1.
Flat 12, Old Print House 198, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Sep 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 12, Old Print House 198, Romford is Romford station which is 600 metres 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, Old Print House 198, Romford, 35.0% of property is privately owned with a mortgage and 30.1% 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, Old Print House 198, Romford, 20.4% of residents are recorded as possessing school level qualifications and 38.4% 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 12, Old Print House 198, Romford, the average age was 36.6 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, Old Print House 198, Romford, 0.0% 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, Old Print House 198, 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.