According to the public record, Flat 15, Pearl Court, Romford is a modern leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Pearl Court, Serpentine Close, Chadwell Heath, Romford, RM6.
Serpentine Close, Chadwell Heath, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
Flat 15, Pearl Court, Romford has a single entry in the Land Registry database from January 2022 and a single entry in the EPC database dated March 2013.
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 15 Pearl Court Romford as £215,917 and the rental value as £1,317 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 15 Pearl Court Romford has increased by £931 (0.4%) and its rental value has increased by £68 per month (5.2%).
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 15, Pearl Court, Romford is in very good condition we estimate a sale value of £226,712 and rental value of £1,382 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,802 and a rental value of £1,224 per month.
If you were able to purchase this property for the estimated value of £215,917, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,061 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 15, Pearl Court, Romford was last sold on 28 Jan 2022 for £220,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2022, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, Pearl Court, Romford within a radius of 440 metres over the last 2 years.
The most recent example is 74, Avenue Road, Romford, RM6 4JF, a Leasehold flat which sold for £265,000 in Feb 2023.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Serpentine Close, Chadwell Heath, Romford, RM6 has a total of 105 addresses. According to our analysis of all the public data, Flat 15, Pearl Court, Romford is the 101st largest and the 75th most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in RM6.
Flat 15, Pearl Court, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Mar 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 15, Pearl Court, Romford is Chadwell Heath 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 15, Pearl Court, Romford, 49.1% of property is privately owned with a mortgage and 38.2% is privately owned outright.
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 15, Pearl Court, Romford, 21.8% of residents are recorded as possessing school level qualifications and 53.1% 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 15, Pearl Court, Romford, the average age was 40.6 and the most common age was 42.
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 15, Pearl Court, Romford, 0.6% 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 15, Pearl Court, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.