According to the public record, Flat 30, Omega Court 140, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 669 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Omega Court, London Road, Romford, RM7.
London Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 30, Omega Court 140, Romford has a single entry in the Land Registry database from August 2016 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 reasonable condition, we estimate the current sale value for Flat 30 Omega Court 140 Romford as £269,179 and the rental value as £1,452 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 30 Omega Court 140 Romford has decreased by £3,385 (1.3%) and its rental value has increased by £61 per month (4.2%).
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 30, Omega Court 140, Romford is in very good condition we estimate a sale value of £282,637 and rental value of £1,524 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £250,336 and a rental value of £1,350 per month.
If you were able to purchase this property for the estimated value of £269,179, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,323 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 30, Omega Court 140, Romford was last sold on 19 Aug 2016 for £265,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2016, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 30, Omega Court 140, Romford within a radius of 470 metres over the last 2 years.
The most recent example is Flat 16, Omega Court 140, London Road, Romford, RM7 9QJ, a Leasehold flat which sold for £260,000 in Oct 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Romford, RM7 has a total of 479 addresses. According to our analysis of all the public data, Flat 30, Omega Court 140, Romford is the 199th largest and the 251st most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in RM7.
The closest station to Flat 30, Omega Court 140, Romford is Romford station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 30, Omega Court 140, Romford, 34.6% of property is privately rented and 26.3% 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 30, Omega Court 140, Romford, 23.3% of residents are recorded as possessing school level qualifications and 35.3% 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 30, Omega Court 140, Romford, the average age was 35.1 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 30, Omega Court 140, 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 30, Omega Court 140, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.