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Company No. 11113204
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16E, Colchester Road, Romford is recorded publicly as a period leasehold apartment across 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 16E, Colchester Road, Romford is £264,633 and its rental estimate is £1,368 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.
16E, Colchester Road, Romford has 3 entries in the Land Registry , most recently in July 2024 and a single entry in the EPC database dated October 2018.
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.
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 16E, Colchester Road, Romford, we estimate a market value of £277,864 and a rental value of £1,436 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £246,108 and £1,272 per month respectively.
Over the last year, 16E, Colchester Road, Romford has seen its estimated sale value climb by £1,872 (0.7%) and its estimated rental value rise by £26 per month (1.9%). This results in an estimated gross rental yield of 6.2%.
16E, Colchester Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Oct 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 16E, Colchester Road, Romford completed on 31st July 2024 at £245,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 6.1% over the period since July 2024.
Over the past 2 years 3 properties similar to 16E, 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 18th December 2023, was 18, Avenue Close, Romford, RM3 0SX, a leasehold flat which sold for £305,000.
Read more about house prices in RM3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 55 addresses on Colchester Road, Romford, RM3, 16E, Colchester Road, Romford comes out as the 49th largest and the 48th most expensive in our analysis of the public data.
It is also £120k less expensive than the average property across the RM3 district.
From 16E, Colchester Road, Romford, the nearest station is Harold Wood, 700 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 16E, Colchester Road, Romford, 34.3% of property is privately owned outright and 31.4% 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 16E, Colchester Road, Romford, 19.1% of residents are recorded as possessing school level qualifications and 27.6% 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 16E, Colchester Road, Romford, the average age was 40.7 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 16E, Colchester Road, 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 16E, Colchester Road, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
