According to the public record, Flat 2, Peacock Court 4, Romford is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Peacock Court, Firwood Lane, Romford, RM3.
Firwood Lane, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
Flat 2, Peacock Court 4, Romford has a single entry in the Land Registry database from March 2019 and a single entry in the EPC database dated November 2014.
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 Peacock Court 4 Romford as £148,847 and the rental value as £900 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 2 Peacock Court 4 Romford has decreased by £1,168 (0.8%) and its rental value has increased by £46 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 2, Peacock Court 4, Romford is in very good condition we estimate a sale value of £156,289 and rental value of £945 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £138,427 and a rental value of £837 per month.
If you were able to purchase this property for the estimated value of £148,847, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £732 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, Peacock Court 4, Romford was last sold on 04 Mar 2019 for £97,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2019, the market for similar properties has risen 6.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Peacock Court 4, Romford within a radius of 450 metres over the last 2 years.
The most recent example is Flat 23, Wild Rose House 3, Firwood Lane, Romford, RM3 0FQ, a Leasehold flat which sold for £310,000 in Oct 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Firwood Lane, Romford, RM3 has a total of 130 addresses. According to our analysis of all the public data, Flat 2, Peacock Court 4, Romford is the 33rd largest and the 54th most expensive property on the street.
When compared to the postcode district it is £212k less expensive than the average property in RM3.
Flat 2, Peacock Court 4, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, Peacock Court 4, Romford is Harold Wood 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 2, Peacock Court 4, Romford, 37.4% of property is privately owned outright and 35.7% 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 2, Peacock Court 4, Romford, 13.1% of residents are recorded as possessing school level qualifications and 31.0% 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, Peacock Court 4, Romford, the average age was 40.7 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, Peacock Court 4, Romford, 0.0% 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, Peacock Court 4, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.