According to the public record, Flat 17, Portman House 16-20, Romford is a mid-century leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Portman House, Victoria Road, Romford, RM1.
Victoria Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 17, Portman House 16-20, Romford has a single entry in the Land Registry database from June 2016 and a single entry in the EPC database dated September 2023.
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 17 Portman House 16-20 Romford as £236,175 and the rental value as £1,207 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 17 Portman House 16-20 Romford has decreased by £5,439 (2.3%) and its rental value has increased by £43 per month (3.6%).
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 17, Portman House 16-20, Romford is in very good condition we estimate a sale value of £247,984 and rental value of £1,267 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,643 and a rental value of £1,122 per month.
If you were able to purchase this property for the estimated value of £236,175, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,161 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 17, Portman House 16-20, Romford was last sold on 02 Jun 2016 for £215,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 17, Portman House 16-20, Romford within a radius of 410 metres over the last 2 years.
The most recent example is Flat 22, Portman House 16-20, Victoria Road, Romford, RM1 2EQ, a Leasehold flat which sold for £205,000 in Jan 2024.
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 17, Portman House 16-20, Romford is the 295th largest and the 205th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in RM1.
Flat 17, Portman House 16-20, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Sep 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 17, Portman House 16-20, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 17, Portman House 16-20, 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 17, Portman House 16-20, 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 17, Portman House 16-20, 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 17, Portman House 16-20, 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 17, Portman House 16-20, 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.