According to the public record, Flat 3, 46, Mawney Road, Romford is a mid-century apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 46, Mawney Road, Romford, RM7.
Mawney Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 3, 46, Mawney Road, Romford has no records in the Land Registry database and a single entry in the EPC database dated July 2023.
We combine this information with public data 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 3 46 Mawney Road Romford as £162,081 and the rental value as £878 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 3 46 Mawney Road Romford has decreased by £256 (0.2%) and its rental value has increased by £50 per month (5.7%).
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 3, 46, Mawney Road, Romford is in very good condition we estimate a sale value of £170,185 and rental value of £922 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,736 and a rental value of £816 per month.
If you were able to purchase this property for the estimated value of £162,081, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £797 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 the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 3, 46, Mawney Road, Romford within a radius of 410 metres over the last 2 years.
The most recent example is 7, Marshalls Road, Romford, RM7 7EL, a Leasehold flat which sold for £155,000 in Apr 2018.
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 3, 46, Mawney Road, Romford is the 505th largest and the 508th most expensive property on the street.
When compared to the postcode district it is £214k less expensive than the average property in RM7.
Flat 3, 46, Mawney Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 10 Jul 2023.
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 3, 46, Mawney Road, 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 3, 46, Mawney Road, Romford, 37.4% of property is privately rented and 31.3% 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 3, 46, Mawney Road, Romford, 17.3% of residents are recorded as possessing school level qualifications and 39.0% 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 3, 46, Mawney Road, 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 3, 46, Mawney Road, 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 3, 46, Mawney Road, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.