According to the public record, Flat 8, Wells Court, Romford is a modern leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Wells Court, Regarth Avenue, Romford, RM1.
Regarth Avenue, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Flat 8, Wells Court, Romford has 31 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated October 2017.
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 Wells Court Romford as £170,636 and the rental value as £918 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 8 Wells Court Romford has decreased by £789 (0.5%) and its rental value has increased by £50 per month (5.4%).
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, Wells Court, Romford is in very good condition we estimate a sale value of £179,168 and rental value of £964 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,692 and a rental value of £854 per month.
If you were able to purchase this property for the estimated value of £170,636, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £839 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, Wells Court, Romford was last sold on 05 Jan 2022 for £151,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2022, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Wells Court, Romford within a radius of 420 metres over the last 2 years.
The most recent example is Flat 13, Wells Court, Regarth Avenue, Romford, RM1 1AL, a Leasehold flat which sold for £170,000 in Apr 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Regarth Avenue, Romford, RM1 has a total of 140 addresses. According to our analysis of all the public data, Flat 8, Wells Court, Romford is the 135th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £223k less expensive than the average property in RM1.
Flat 8, Wells Court, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Oct 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 8, Wells Court, Romford is Romford station which is 0 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, Wells Court, Romford, 50.5% of property is privately rented and 19.9% 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, Wells Court, Romford, 20.7% of residents are recorded as possessing school level qualifications and 36.9% 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 8, Wells 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, Wells Court, Romford, 1.1% 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, Wells Court, Romford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.