According to the public record, Room 3, 261, Romford Road, London is a early-century apartment with 161 ft2 of internal area.
Apartments of this size in this area are normally studios.
The apartment is in 261, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Room 3, 261, Romford Road, London has no records in the Land Registry database and a single entry in the EPC database dated November 2022.
We combine this information with public data 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 Room 3 261 Romford Road London as £142,519 and the rental value as £869 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Room 3 261 Romford Road London has increased by £4,908 (3.4%) and its rental value has increased by £39 per month (4.5%).
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 Room 3, 261, Romford Road, London is in very good condition we estimate a sale value of £149,645 and rental value of £913 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,543 and a rental value of £808 per month.
If you were able to purchase this property for the estimated value of £142,519, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £700 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 the Land Registry and our network of Estate Agents, there have been 3 property sales within a 360 metres radius of Room 3, 261, Romford Road, London over the last 2 years.
The most recent example is 251, Sprowston Mews, London, E7 9AE, a Freehold house which sold for £960,000 in Sep 2023.
Read more about house prices in E7.
Romford Road, London, E7 has a total of 854 addresses. According to our analysis of all the public data, Room 3, 261, Romford Road, London is the 848th largest and the 844th most expensive property on the street.
When compared to the postcode district it is £351k less expensive than the average property in E7.
Room 3, 261, Romford Road, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 29 Nov 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Room 3, 261, Romford Road, London is Forest Gate station which is 400 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 Room 3, 261, Romford Road, London, 64.3% of property is privately rented and 21.1% is socially 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 Room 3, 261, Romford Road, London, 26.6% of residents are recorded as possessing school level qualifications and 34.6% 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 Room 3, 261, Romford Road, London, the average age was 33 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 Room 3, 261, Romford Road, London, 0.8% 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 Room 3, 261, Romford Road, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.