According to the public record, Flat 7, Raphael Court, Romford is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Raphael Court, Pettits Lane, Romford, RM1.
Pettits Lane, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 7, Raphael Court, Romford has 51 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated September 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 7 Raphael Court Romford as £298,997 and the rental value as £1,402 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 7 Raphael Court Romford has decreased by £1,074 (0.4%) and its rental value has increased by £81 per month (5.7%).
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 7, Raphael Court, Romford is in very good condition we estimate a sale value of £313,947 and rental value of £1,472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £278,067 and a rental value of £1,304 per month.
If you were able to purchase this property for the estimated value of £298,997, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,469 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, Raphael Court, Romford was last sold on 17 May 2023 for £280,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since May 2023, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Raphael Court, Romford within a radius of 560 metres over the last 2 years.
The most recent example is Flat 9, Chartwell Place, Junction Road, Romford, RM1 3BF, a Leasehold flat which sold for £310,000 in Jun 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Lane, Romford, RM1 has a total of 187 addresses. According to our analysis of all the public data, Flat 7, Raphael Court, Romford is the 164th largest and the 163rd most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in RM1.
Flat 7, Raphael Court, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Sep 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 7, Raphael Court, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 7, Raphael Court, Romford, 42.5% of property is privately owned with a mortgage and 41.6% 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 7, Raphael Court, Romford, 16.7% of residents are recorded as possessing school level qualifications and 39.8% 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, Raphael Court, Romford, the average age was 42.3 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, Raphael Court, Romford, 0.3% 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, Raphael Court, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.