According to the public record, Flat 3, Scimitar House 23, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 555 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Scimitar House, Eastern Road, Romford, RM1.
Eastern Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 3, Scimitar House 23, Romford has a single entry in the Land Registry database from September 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for Flat 3 Scimitar House 23 Romford as £249,353 and the rental value as £1,304 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 3 Scimitar House 23 Romford has decreased by £6,375 (2.6%) and its rental value has increased by £44 per month (3.4%).
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, Scimitar House 23, Romford is in very good condition we estimate a sale value of £261,821 and rental value of £1,369 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,899 and a rental value of £1,213 per month.
If you were able to purchase this property for the estimated value of £249,353, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,225 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 3, Scimitar House 23, Romford was last sold on 08 Sep 2017 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2017, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Scimitar House 23, Romford within a radius of 420 metres over the last 2 years.
The most recent example is Flat 3, Eldon Court, Slaney Road, Romford, RM1 3GN, a Leasehold flat which sold for £252,500 in Apr 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eastern Road, Romford, RM1 has a total of 223 addresses. According to our analysis of all the public data, Flat 3, Scimitar House 23, Romford is the 114th largest and the 87th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in RM1.
The closest station to Flat 3, Scimitar House 23, Romford is Romford station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 3, Scimitar House 23, 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 3, Scimitar House 23, 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 3, Scimitar House 23, 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, Scimitar House 23, 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 3, Scimitar House 23, 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.