According to the public record, Flat 5, Aishah Lodge, Romford is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Aishah Lodge, Aveley Road, Romford, RM1.
Aveley Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 5, Aishah Lodge, Romford has 4 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated August 2020.
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 5 Aishah Lodge Romford as £210,078 and the rental value as £1,192 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 5 Aishah Lodge Romford has decreased by £1,713 (0.8%) and its rental value has increased by £62 per month (5.2%).
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 5, Aishah Lodge, Romford is in very good condition we estimate a sale value of £220,582 and rental value of £1,252 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £195,373 and a rental value of £1,109 per month.
If you were able to purchase this property for the estimated value of £210,078, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,032 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 5, Aishah Lodge, Romford was last sold on 09 May 2023 for £210,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since May 2023, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Aishah Lodge, Romford within a radius of 460 metres over the last 2 years.
The most recent example is 10, St. Edwards Way, Romford, RM1 4DD, a Leasehold flat which sold for £165,000 in Aug 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Aveley Road, Romford, RM1 has a total of 49 addresses. According to our analysis of all the public data, Flat 5, Aishah Lodge, Romford is the 47th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £184k less expensive than the average property in RM1.
Flat 5, Aishah Lodge, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Aug 2020.
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 5, Aishah Lodge, 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 5, Aishah Lodge, Romford, 35.7% of property is privately owned with a mortgage and 35.7% 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 5, Aishah Lodge, Romford, 20.9% of residents are recorded as possessing school level qualifications and 36.3% 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 5, Aishah Lodge, 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 5, Aishah Lodge, 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 5, Aishah Lodge, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.