According to the public record, Flat 14, Fern Court, Romford is a modern leasehold apartment with 527 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 14, Fern Court, Romford has 4 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated September 2021.
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 14 Fern Court Romford as £244,561 and the rental value as £1,246 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 14 Fern Court Romford has increased by £565 (0.2%) and its rental value has increased by £73 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 14, Fern Court, Romford is in very good condition we estimate a sale value of £256,789 and rental value of £1,308 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,441 and a rental value of £1,158 per month.
If you were able to purchase this property for the estimated value of £244,561, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,202 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 14, Fern Court, Romford was last sold on 29 Apr 2022 for £244,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, Fern Court, Romford within a radius of 440 metres over the last 2 years.
The most recent example is Flat 1, Victorian Court 30, Mawney Road, Romford, RM7 7HB, a Leasehold flat which sold for £250,000 in Feb 2023.
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 14, Fern Court, Romford is the 68th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £131k less expensive than the average property in RM7.
Flat 14, Fern Court, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Sep 2021.
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 14, Fern Court, Romford is Romford station which is 700 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 14, 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 14, 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 14, 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 14, 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 14, 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.