16C, Colchester Road
16C, Colchester Road
Description & Estimates
16C, Colchester Road, Romford is recorded publicly as a period leasehold apartment across 419 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 16C, Colchester Road, Romford is £226,236 and its rental estimate is £1,167 per month, given the available information and assuming reasonable condition.
16, Colchester Road is a residential building on Colchester Road, Romford, RM3 and falls within the RM3 postal district and the borough of Havering.
Our Data Sources
16C, Colchester Road, Romford has 2 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated June 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16C, Colchester Road, Romford, we estimate a market value of £237,548 and a rental value of £1,226 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £210,400 and £1,086 per month respectively.
Recent Market Change
Over the last year, 16C, Colchester Road, Romford has seen its estimated sale value increase by £5,420 (2.4%) and its estimated rental value grow by £48 per month (4.1%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
16C, Colchester Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Jun 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16C, Colchester Road, Romford completed on 29th April 2022 at £248,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 14.7% over the period since April 2022.
- Sold Apr 2022£248,000
- Sold Jul 2008£170,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to 16C, Colchester Road, Romford have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th May 2022, was 118D, Gubbins Lane, Romford, RM3 0DR, a leasehold flat which sold for £200,000.
Read more about house prices in RM3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 55 addresses on Colchester Road, Romford, RM3, 16C, Colchester Road, Romford comes out as the 52nd largest and the 51st most expensive in our analysis of the public data.
It is also £159k less expensive than the average property across the RM3 district.
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Schools Nearby
- 400mHarold Court Primary School
- 600mMead Primary School
- 1.0kmBroadford Primary School
- 1.2kmDrapers' Academy
- 1.4kmRedden Court School
- 1.9kmThe Campion School
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Public Transport Nearby
From 16C, Colchester Road, Romford, the nearest station is Harold Wood, 700 metres away.
- 700mHarold Wood
- 2.8kmGidea Park
- 3.5kmEmerson Park
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
