According to the public record, Flat 4, Aran House 29, Romford is a period apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Aran House, Park Drive, Romford, RM1.
Park Drive, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 4, Aran House 29, Romford has no records in the Land Registry database and a single entry in the EPC database dated December 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 4 Aran House 29 Romford as £245,104 and the rental value as £1,192 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 4 Aran House 29 Romford has decreased by £1,453 (0.6%) and its rental value has increased by £66 per month (5.5%).
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 4, Aran House 29, Romford is in very good condition we estimate a sale value of £257,359 and rental value of £1,252 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,946 and a rental value of £1,109 per month.
If you were able to purchase this property for the estimated value of £245,104, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,205 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 3 sales of properties similar to Flat 4, Aran House 29, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 15A, Dunton Road, Romford, RM1 4AH, a Leasehold flat which sold for £287,000 in Jun 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Drive, Romford, RM1 has a total of 46 addresses. According to our analysis of all the public data, Flat 4, Aran House 29, Romford is the 45th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in RM1.
Flat 4, Aran House 29, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Dec 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, electric.
The closest station to Flat 4, Aran House 29, 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 4, Aran House 29, Romford, 45.4% of property is privately owned with a mortgage and 43.7% is privately owned outright.
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 4, Aran House 29, Romford, 20.4% of residents are recorded as possessing school level qualifications and 42.1% 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 4, Aran House 29, Romford, the average age was 40.2 and the most common age was 42.
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 4, Aran House 29, Romford, 0.3% 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 4, Aran House 29, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.