According to the public record, Flat 6, 1, Howe Close, Romford is a period apartment with 161 ft2 of internal area.
Apartments of this size in this area are normally studios.
The apartment is in 1, Howe Close, Romford, RM7.
Howe Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 6, 1, Howe Close, Romford has no records in the Land Registry database and a single entry in the EPC database dated April 2021.
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 6 1 Howe Close Romford as £111,922 and the rental value as £604 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 6 1 Howe Close Romford has decreased by £1,053 (0.9%) and its rental value has increased by £35 per month (5.8%).
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 6, 1, Howe Close, Romford is in very good condition we estimate a sale value of £117,518 and rental value of £634 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £104,087 and a rental value of £562 per month.
If you were able to purchase this property for the estimated value of £111,922, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £550 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 property sales within a 620 metres radius of Flat 6, 1, Howe Close, Romford over the last 2 years.
The most recent example is 10, Howe Close, Romford, RM7 8JL, a Freehold house which sold for £445,000 in Jan 2023.
Read more about house prices in RM7.
Howe Close, Romford, RM7 has a total of 15 addresses. According to our analysis of all the public data, Flat 6, 1, Howe Close, Romford is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £264k less expensive than the average property in RM7.
Flat 6, 1, Howe Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Apr 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 6, 1, Howe Close, Romford is Romford station which is 2.9 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 6, 1, Howe Close, Romford, 49.2% of property is socially rented and 24.6% 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 6, 1, Howe Close, Romford, 29.4% of residents are recorded as possessing school level qualifications and 24.9% 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 6, 1, Howe Close, Romford, the average age was 38.3 and the most common age was 37.
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 6, 1, Howe Close, 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 6, 1, Howe Close, 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.