According to the public record, Flat 2, Fernleigh Court 95, Romford is a modern leasehold apartment with 414 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Fernleigh Court, Mawney Road, Romford, RM7.
Mawney Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 2, Fernleigh Court 95, Romford has a single entry in the Land Registry database from July 2011 and a single entry in the EPC database dated October 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 Fernleigh Court 95 Romford as £132,520 and the rental value as £796 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 2 Fernleigh Court 95 Romford has decreased by £235 (0.2%) and its rental value has increased by £45 per month (5.6%).
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 2, Fernleigh Court 95, Romford is in very good condition we estimate a sale value of £139,146 and rental value of £836 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £123,244 and a rental value of £740 per month.
If you were able to purchase this property for the estimated value of £132,520, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £651 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, Fernleigh Court 95, Romford was last sold on 15 Jul 2011 for £114,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2011, the market for similar properties has risen 74.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Fernleigh Court 95, Romford within a radius of 460 metres over the last 2 years.
The most recent example is Flat 19, Fernleigh Court 95, Mawney Road, Romford, RM7 7JE, a Leasehold flat which sold for £100,000 in Apr 2024.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mawney Road, Romford, RM7 has a total of 549 addresses. According to our analysis of all the public data, Flat 2, Fernleigh Court 95, Romford is the 507th largest and the 529th most expensive property on the street.
When compared to the postcode district it is £243k less expensive than the average property in RM7.
Flat 2, Fernleigh Court 95, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Oct 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, Fernleigh Court 95, Romford is Romford station which is 1.1 kilometres 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 2, Fernleigh Court 95, Romford, 42.5% of property is privately owned with a mortgage and 30.6% 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 2, Fernleigh Court 95, Romford, 17.3% of residents are recorded as possessing school level qualifications and 34.2% 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, Fernleigh Court 95, 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 2, Fernleigh Court 95, 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 2, Fernleigh Court 95, 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.