According to the public record, Flat 2, Graveney Court, Romford is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Graveney Court, Riverside Close, Romford, RM1.
Riverside Close, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 2, Graveney Court, Romford has 3 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated April 2018.
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 Graveney Court Romford as £265,806 and the rental value as £1,383 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 2 Graveney Court Romford has decreased by £6,286 (2.4%) and its rental value has increased by £49 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 2, Graveney Court, Romford is in very good condition we estimate a sale value of £279,097 and rental value of £1,452 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £247,200 and a rental value of £1,286 per month.
If you were able to purchase this property for the estimated value of £265,806, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,306 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, Graveney Court, Romford was last sold on 16 Sep 2021 for £265,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Graveney Court, Romford within a radius of 460 metres over the last 2 years.
The most recent example is Flat 17, Calder Court, Riverside Close, Romford, RM1 1EN, a Leasehold flat which sold for £292,100 in Oct 2022.
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, Graveney Court, Romford is the 58th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in RM1.
Flat 2, Graveney Court, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Apr 2018.
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, Graveney Court, Romford is Romford station which is 1.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Graveney 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, Graveney 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, Graveney 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, Graveney 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, Graveney 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.