According to the public record, Flat 8, Orton Court, Romford is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Orton Court, Mawney Road, Romford, RM7.
Mawney Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
Flat 8, Orton Court, Romford has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated November 2021.
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 8 Orton Court Romford as £249,534 and the rental value as £1,272 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 8 Orton Court Romford has decreased by £478 (0.2%) and its rental value has increased by £72 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 8, Orton Court, Romford is in very good condition we estimate a sale value of £262,010 and rental value of £1,336 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,066 and a rental value of £1,183 per month.
If you were able to purchase this property for the estimated value of £249,534, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,226 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 8, Orton Court, Romford was last sold on 14 Jun 2022 for £257,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has dropped 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Orton Court, Romford within a radius of 420 metres over the last 2 years.
The most recent example is Flat 14, Fern Court, Cottons Approach, Romford, RM7 7LP, a Leasehold flat which sold for £244,000 in Apr 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mawney Road, Romford, RM7 has a total of 549 addresses. According to our analysis of all the public data, Flat 8, Orton Court, Romford is the 431st largest and the 436th most expensive property on the street.
When compared to the postcode district it is £126k less expensive than the average property in RM7.
Flat 8, Orton Court, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Nov 2021.
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 8, Orton 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 8, Orton Court, Romford, 37.4% of property is privately rented and 31.3% 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 8, Orton Court, Romford, 17.3% of residents are recorded as possessing school level qualifications and 39.0% 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 8, Orton Court, 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 8, Orton Court, Romford, 1.2% 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 8, Orton Court, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.