According to the public record, Flat 34, The Maltings, Romford is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Maltings, South Street, Romford, RM1.
South Street, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 34, The Maltings, Romford has 61 entries in the Land Registry database, most recently in June 2024 and a single entry in the EPC database dated February 2024.
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 34 The Maltings Romford as £256,321 and the rental value as £1,308 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 34 The Maltings Romford has decreased by £525 (0.2%) and its rental value has increased by £73 per month (5.6%).
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 34, The Maltings, Romford is in very good condition we estimate a sale value of £269,137 and rental value of £1,373 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,378 and a rental value of £1,216 per month.
If you were able to purchase this property for the estimated value of £256,321, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,260 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 34, The Maltings, Romford was last sold on 27 Jun 2024 for £260,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Jun 2024, the market for similar properties has dropped 0.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 34, The Maltings, Romford within a radius of 450 metres over the last 2 years.
The most recent example is Flat 11, The Maltings, South Street, Romford, RM1 2AW, a Leasehold flat which sold for £272,000 in May 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Street, Romford, RM1 has a total of 647 addresses. According to our analysis of all the public data, Flat 34, The Maltings, Romford is the 307th largest and the 157th most expensive property on the street.
When compared to the postcode district it is £138k less expensive than the average property in RM1.
Flat 34, The Maltings, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Feb 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 34, The Maltings, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 34, The Maltings, Romford, 58.2% of property is privately rented and 15.6% 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 34, The Maltings, Romford, 18.7% of residents are recorded as possessing school level qualifications and 26.3% 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 34, The Maltings, Romford, the average age was 36.6 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 34, The Maltings, 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 34, The Maltings, 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.