According to the public record, Flat 12, Victoria House, Romford is a early-century leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Victoria House, Victoria Road, Romford, RM1.
Victoria Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 12, Victoria House, Romford has 31 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated December 2020.
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 Victoria House Romford as £166,187 and the rental value as £1,020 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 12 Victoria House Romford has decreased by £622 (0.4%) and its rental value has increased by £57 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, Victoria House, Romford is in very good condition we estimate a sale value of £174,496 and rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £154,554 and a rental value of £949 per month.
If you were able to purchase this property for the estimated value of £166,187, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £817 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, Victoria House, Romford was last sold on 23 May 2018 for £160,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2018, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Victoria House, Romford within a radius of 410 metres over the last 2 years.
The most recent example is 26C, Albert Road, Romford, RM1 2PJ, a Leasehold flat which sold for £170,000 in Jun 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, Victoria House, Romford is the 289th largest and the 341st most expensive property on the street.
When compared to the postcode district it is £228k less expensive than the average property in RM1.
Flat 12, Victoria House, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Dec 2020.
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, Victoria House, Romford is Romford station which is 100 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 12, Victoria House, Romford, 50.5% of property is privately rented and 19.9% 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 12, Victoria House, Romford, 20.7% of residents are recorded as possessing school level qualifications and 36.9% 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, Victoria House, 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, Victoria House, Romford, 1.1% 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, Victoria House, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.