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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 2, 247, Romford Road is a modern apartment with 1,119 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 Flat 2, 247, Romford Road is £436,208 and the estimated rental value is £2,560 per month.
The apartment is within 247, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat 2, 247, Romford Road has no records in the the Land Registry and a single entry in the EPC database dated April 2018.
We combine this information with public data 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.
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 2, 247, Romford Road is in very good condition we estimate a sale value of £458,018 and a rental value of £2,689 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £405,674 and a rental value of £2,381 per month.
Over the last 12 months the sale value of Flat 2 247 Romford Road has decreased by an estimated £4,213 (1.0%) and its rental value has increased by an estimated £100 per month (3.9%), giving an expected gross yield of 7%.
Flat 2, 247, Romford Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Apr 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 247, Romford Road within a radius of 350 metres over the last 2 years.
The most recent example is Flat 4, 64A, Sprowston Mews, London, E7 9AE, a leasehold flat which sold for £390,000 on the 6th July 2022.
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 861 addresses. According to our analysis of all the public data, Flat 2, 247, Romford Road is the 148th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in E7.
The nearest school is Earlham Primary School which is 190 metres away. The nearest train station is Forest Gate which is 600 metres away.
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