157 Index Apartments, Mercury Gardens
157 Index Apartments, Mercury Gardens
Description & Estimates
According to the public record, 157 Index Apartments, Mercury Gardens, Romford is a modern leasehold apartment with 1,065 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 157 Index Apartments, Mercury Gardens, Romford is £380,069 and the estimated rental value is £2,017 per month.
Mercury Gardens, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
Our Data Sources
157 Index Apartments, Mercury Gardens, Romford has a single entry in the Land Registry from June 2007 and a single entry in the EPC database dated January 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 157 Index Apartments, Mercury Gardens, Romford is in very good condition we estimate a sale value of £399,072 and a rental value of £2,118 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £353,464 and a rental value of £1,876 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 157 Index Apartments, Mercury Gardens, Romford has moved up by £115 (0.0%), while its estimated rental value has increased by £34 per month (1.7%). Based on current estimates, the property offers a gross rental yield of 6.4%.
Energy Efficiency
157 Index Apartments, Mercury Gardens, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jan 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 157 Index Apartments, Mercury Gardens, Romford was last sold on 22nd June 2007 for £238,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2007, the market for similar properties has risen by 38.8%.
- Sold Jun 2007£238,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 157 Index Apartments, Mercury Gardens, Romford within a radius of 450 metres over the last 2 years.
The most recent example is 3, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB, a leasehold flat which sold for £1,940,000 on the 27th November 2024.
Read more about house prices in RM1.
- Sold Nov 2024£1,940,000 | 3 Bed FlatLofthaus Apartments 47A, Market Place3, Lofthaus Apartments 47A, Market Place, Romford, RM1 3AB
- Sold Jun 2021£315,000 | 3 Bed FlatChartwell Place, Junction RoadFlat 6, Chartwell Place, Junction Road, Romford, RM1 3BF
- Sold May 2021£360,000 | 3 Bed FlatChallis Court 1A, Oaklands AvenueFlat 2, Challis Court 1A, Oaklands Avenue, Romford, RM1 4FD
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Mercury Gardens, Romford, RM1 has a total of 311 addresses. According to our analysis of all the public data, 157 Index Apartments, Mercury Gardens, Romford is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £38k less expensive than the average property in RM1.
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Schools Nearby
- 600mSt Edward's Church of England Voluntary Aided Primary School
- 700mSt Peter's Catholic Primary School
- 700mGidea Park Primary School
- 1.1kmMarshalls Park Academy
- 1.2kmThe Frances Bardsley Academy for Girls
- 1.8kmThe Royal Liberty School
More reading links
Public Transport Nearby
The closest station to 157 Index Apartments, Mercury Gardens, Romford is Romford station, which is 600 metres away.
- 600mRomford
- 1.4kmGidea Park
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
