According to the public record, Flat 25, The Gatehouse, Romford is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Gatehouse, High Street, Romford, RM1.
High Street, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 25, The Gatehouse, Romford has 31 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated December 2020.
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 25 The Gatehouse Romford as £209,173 and the rental value as £1,158 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 25 The Gatehouse Romford has decreased by £890 (0.4%) and its rental value has increased by £63 per month (5.5%).
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 25, The Gatehouse, Romford is in very good condition we estimate a sale value of £219,631 and rental value of £1,216 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,531 and a rental value of £1,077 per month.
If you were able to purchase this property for the estimated value of £209,173, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,028 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 25, The Gatehouse, Romford was last sold on 30 Jul 2021 for £195,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2021, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 25, The Gatehouse, Romford within a radius of 460 metres over the last 2 years.
The most recent example is Flat 2, The Gatehouse, High Street, Romford, RM1 1AN, a Leasehold flat which sold for £233,000 in Oct 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Romford, RM1 has a total of 107 addresses. According to our analysis of all the public data, Flat 25, The Gatehouse, Romford is the 88th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in RM1.
Flat 25, The Gatehouse, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Dec 2020.
The property is connected to mains gas and has full secondary glazing. It is heated using a boiler and radiators.
The closest station to Flat 25, The Gatehouse, Romford is Romford station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 25, The Gatehouse, Romford, 50.0% of property is privately rented and 29.1% is socially 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 25, The Gatehouse, Romford, 19.4% of residents are recorded as possessing school level qualifications and 38.5% 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 25, The Gatehouse, 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 25, The Gatehouse, Romford, 0.7% 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 25, The Gatehouse, Romford, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.