According to the public record, Flat 7, Verity House, Romford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 654 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Verity House, Cotleigh Road, Romford, RM7.
Cotleigh Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 7, Verity House, Romford has 21 entries in the Land Registry database, most recently in December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 7 Verity House Romford as £247,665 and the rental value as £1,379 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 7 Verity House Romford has increased by £1,369 (0.6%) and its rental value has increased by £85 per month (6.1%).
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, Verity House, Romford is in very good condition we estimate a sale value of £260,049 and rental value of £1,448 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,329 and a rental value of £1,283 per month.
If you were able to purchase this property for the estimated value of £247,665, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,217 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, Verity House, Romford was last sold on 18 Dec 2007 for £161,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has risen 53.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Verity House, Romford within a radius of 420 metres over the last 2 years.
The most recent example is Flat 16, Omega Court 140, London Road, Romford, RM7 9QJ, a Leasehold flat which sold for £260,000 in Oct 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cotleigh Road, Romford, RM7 has a total of 68 addresses. According to our analysis of all the public data, Flat 7, Verity House, Romford is the 55th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in RM7.
The closest station to Flat 7, Verity House, Romford is Romford station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 7, Verity House, Romford, 43.1% of property is privately owned with a mortgage and 40.7% 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 7, Verity House, Romford, 9.2% of residents are recorded as possessing school level qualifications and 50.0% 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, Verity House, 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 7, Verity House, Romford, 1.0% 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 7, Verity House, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.