According to the public record, Flat 40, Priory Court, Romford is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Priory Court, Wideford Drive, Romford, RM7.
Wideford Drive, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 40, Priory Court, Romford has 2 entries in the Land Registry database, most recently in July 2019 and a single entry in the EPC database dated September 2015.
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 40 Priory Court Romford as £271,421 and the rental value as £1,497 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 40 Priory Court Romford has decreased by £3,505 (1.3%) and its rental value has increased by £62 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 40, Priory Court, Romford is in very good condition we estimate a sale value of £284,992 and rental value of £1,572 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,421 and a rental value of £1,393 per month.
If you were able to purchase this property for the estimated value of £271,421, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,334 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 40, Priory Court, Romford was last sold on 16 Jul 2019 for £290,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2019, 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 40, Priory Court, Romford within a radius of 460 metres over the last 2 years.
The most recent example is Flat 36, Chapel Court 4, Crown Drive, Romford, RM7 0FT, a Leasehold flat which sold for £270,000 in Feb 2024.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wideford Drive, Romford, RM7 has a total of 149 addresses. According to our analysis of all the public data, Flat 40, Priory Court, Romford is the 64th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in RM7.
Flat 40, Priory Court, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Sep 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 40, Priory Court, Romford is Romford station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 40, Priory Court, Romford, 43.7% of property is privately rented and 35.0% 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 40, Priory Court, Romford, 11.1% of residents are recorded as possessing school level qualifications and 35.4% 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 40, Priory Court, 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 40, Priory Court, 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 40, Priory Court, Romford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.