According to the public record, Flat 32, Loam House 77, Romford is a modern leasehold apartment with 355 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Loam House, London Road, Romford, RM7.
London Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 32, Loam House 77, Romford has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated April 2018.
We combine this information with that of neighbouring properties to estimate the property 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 32 Loam House 77 Romford as £222,068 and the rental value as £1,030 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 32 Loam House 77 Romford has increased by £376 (0.2%) and its rental value has increased by £59 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 32, Loam House 77, Romford is in very good condition we estimate a sale value of £233,171 and rental value of £1,082 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £206,523 and a rental value of £958 per month.
If you were able to purchase this property for the estimated value of £222,068, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,091 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 32, Loam House 77, Romford was last sold on 24 Jul 2020 for £203,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2020, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 32, Loam House 77, Romford within a radius of 440 metres over the last 2 years.
The most recent example is Flat 8, Dalwood House 73, London Road, Romford, RM7 9DF, a Leasehold flat which sold for £210,000 in Aug 2022.
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 32, Loam House 77, Romford is the 440th largest and the 412th most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in RM7.
Flat 32, Loam House 77, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Apr 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 32, Loam House 77, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 32, Loam House 77, Romford, 43.1% of property is privately owned with a mortgage and 40.7% is privately 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 32, Loam House 77, Romford, 9.2% of residents are recorded as possessing school level qualifications and 50.0% 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 32, Loam House 77, 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 32, Loam House 77, Romford, 1.0% 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 32, Loam House 77, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.