According to the public record, Flat 42, Weave Court 24, Romford is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Weave Court, Loom Grove, Romford, RM1.
Loom Grove, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 42, Weave Court 24, Romford has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated August 2012.
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 42 Weave Court 24 Romford as £124,570 and the rental value as £766 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 42 Weave Court 24 Romford has decreased by £2,746 (2.2%) and its rental value has increased by £28 per month (3.7%).
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 42, Weave Court 24, Romford is in very good condition we estimate a sale value of £130,799 and rental value of £804 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £115,850 and a rental value of £712 per month.
If you were able to purchase this property for the estimated value of £124,570, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £612 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 42, Weave Court 24, Romford was last sold on 21 Dec 2022 for £117,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has dropped 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 42, Weave Court 24, Romford within a radius of 470 metres over the last 2 years.
The most recent example is Flat 33, Weave Court 24, Loom Grove, Romford, RM1 2BL, a Leasehold flat which sold for £80,500 in Mar 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Loom Grove, Romford, RM1 has a total of 69 addresses. According to our analysis of all the public data, Flat 42, Weave Court 24, Romford is the 69th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £270k less expensive than the average property in RM1.
Flat 42, Weave Court 24, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Aug 2012.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 42, Weave Court 24, Romford is Gidea Park station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 42, Weave Court 24, Romford, 31.3% of property is socially rented and 26.7% 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 42, Weave Court 24, Romford, 24.9% of residents are recorded as possessing school level qualifications and 35.1% 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 42, Weave Court 24, 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 42, Weave Court 24, Romford, 0.6% 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 42, Weave Court 24, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.