According to the public record, Flat 13, Fern Court, Romford is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Fern Court, Cottons Approach, Romford, RM7.
Cottons Approach, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 13, Fern Court, Romford has 3 entries in the Land Registry database, most recently in July 2018 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 13 Fern Court Romford as £233,568 and the rental value as £1,194 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 13 Fern Court Romford has increased by £539 (0.2%) and its rental value has increased by £70 per month (5.8%).
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 13, Fern Court, Romford is in very good condition we estimate a sale value of £245,247 and rental value of £1,254 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,218 and a rental value of £1,111 per month.
If you were able to purchase this property for the estimated value of £233,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,148 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 13, Fern Court, Romford was last sold on 20 Jul 2018 for £200,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2018, the market for similar properties has risen 6.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 13, Fern Court, Romford within a radius of 440 metres over the last 2 years.
The most recent example is Flat 14, Fern Court, Cottons Approach, Romford, RM7 7LP, a Leasehold flat which sold for £244,000 in Apr 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cottons Approach, Romford, RM7 has a total of 101 addresses. According to our analysis of all the public data, Flat 13, Fern Court, Romford is the 82nd largest and the 75th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in RM7.
Flat 13, Fern Court, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 May 2019.
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 13, Fern Court, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 13, Fern Court, Romford, 27.0% of property is privately owned with a mortgage and 23.9% 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 13, Fern Court, Romford, 16.0% of residents are recorded as possessing school level qualifications and 40.1% 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 13, Fern Court, 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 13, Fern Court, 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 13, Fern Court, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.