According to the public record, Flat C, 506, Romford Road, London is a modern leasehold apartment with 1,130 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 506, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat C, 506, Romford Road, London has a single entry in the Land Registry database from September 2023 and a single entry in the EPC database dated December 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 good condition, we estimate the current sale value for Flat C 506 Romford Road London as £351,327 and the rental value as £2,058 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat C 506 Romford Road London has increased by £8,966 (2.6%) and its rental value has increased by £77 per month (3.7%).
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 C, 506, Romford Road, London is in very good condition we estimate a sale value of £368,893 and rental value of £2,161 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £326,734 and a rental value of £1,914 per month.
If you were able to purchase this property for the estimated value of £351,327, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,727 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 C, 506, Romford Road, London was last sold on 01 Sep 2023 for £340,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2023, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat C, 506, Romford Road, London within a radius of 390 metres over the last 2 years.
The most recent example is Flat 20, The Lumiere Building 544, Romford Road, London, E7 8AY, a Leasehold flat which sold for £241,000 in Oct 2018.
Read more about house prices in E7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Romford Road, London, E7 has a total of 854 addresses. According to our analysis of all the public data, Flat C, 506, Romford Road, London is the 128th largest and the 216th most expensive property on the street.
When compared to the postcode district it is £142k less expensive than the average property in E7.
Flat C, 506, Romford Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Dec 2020.
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 C, 506, Romford Road, London is Woodgrange Park station which is 200 metres 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 C, 506, Romford Road, London, 49.3% of property is privately rented and 22.6% 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 C, 506, Romford Road, London, 28.3% of residents are recorded as possessing school level qualifications and 31.8% 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 C, 506, Romford Road, London, the average age was 33.8 and the most common age was 37.
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 C, 506, Romford Road, London, 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 C, 506, Romford Road, London, 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.