According to the public record, Flat 2, Derwent Court, Romford is a modern leasehold apartment with 326 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Derwent Court, Riverside Close, Romford, RM1.
Riverside Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 2, Derwent Court, Romford has a single entry in the Land Registry database from May 2007 and a single entry in the EPC database dated March 2010.
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 2 Derwent Court Romford as £191,138 and the rental value as £905 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 2 Derwent Court Romford has decreased by £1,246 (0.7%) and its rental value has increased by £49 per month (5.4%).
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 2, Derwent Court, Romford is in very good condition we estimate a sale value of £200,694 and rental value of £951 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £177,758 and a rental value of £842 per month.
If you were able to purchase this property for the estimated value of £191,138, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £939 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 2, Derwent Court, Romford was last sold on 18 May 2007 for £197,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 43.8%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, Derwent Court, Romford within a radius of 460 metres over the last 2 years.
The most recent example is 232, North Street, Romford, RM1 4QD, a Leasehold flat which sold for £135,000 in Feb 2013.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riverside Close, Romford, RM1 has a total of 111 addresses. According to our analysis of all the public data, Flat 2, Derwent Court, Romford is the 111th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £203k less expensive than the average property in RM1.
Flat 2, Derwent Court, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Mar 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 2, Derwent Court, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Derwent Court, Romford, 29.3% of property is socially rented and 27.8% 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 2, Derwent Court, Romford, 25.5% of residents are recorded as possessing school level qualifications and 36.0% 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 2, Derwent Court, Romford, the average age was 37 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 2, Derwent Court, Romford, 1.2% 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 2, Derwent Court, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.