According to the public record, Flat 7, Morse Lodge 44, Romford is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Morse Lodge, Whitworth Avenue, Romford, RM3.
Whitworth Avenue, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
Flat 7, Morse Lodge 44, Romford has 3 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated September 2014.
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 7 Morse Lodge 44 Romford as £215,564 and the rental value as £1,250 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 7 Morse Lodge 44 Romford has decreased by £1,426 (0.7%) and its rental value has increased by £67 per month (5.3%).
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 7, Morse Lodge 44, Romford is in very good condition we estimate a sale value of £226,342 and rental value of £1,313 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,474 and a rental value of £1,163 per month.
If you were able to purchase this property for the estimated value of £215,564, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,059 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 7, Morse Lodge 44, Romford was last sold on 26 Apr 2019 for £215,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2019, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Morse Lodge 44, Romford within a radius of 650 metres over the last 2 years.
The most recent example is Flat 8, Buttercup House 1, Brick Kiln Road, Romford, RM3 7GH, a Leasehold flat which sold for £268,500 in Oct 2023.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whitworth Avenue, Romford, RM3 has a total of 53 addresses. According to our analysis of all the public data, Flat 7, Morse Lodge 44, Romford is the 52nd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in RM3.
Flat 7, Morse Lodge 44, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Sep 2014.
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 7, Morse Lodge 44, Romford is Harold Wood station which is 2.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 7, Morse Lodge 44, Romford, 45.3% of property is privately owned outright and 30.2% 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 7, Morse Lodge 44, Romford, 13.6% of residents are recorded as possessing school level qualifications and 26.8% 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 7, Morse Lodge 44, Romford, the average age was 38.4 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 7, Morse Lodge 44, Romford, 1.3% 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 7, Morse Lodge 44, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.