Flat 2, Somerville House 1
Flat 2, Somerville House 1
Description & Estimates
According to the public record, Flat 2, Somerville House 1, Rainham is a modern leasehold apartment with 1,108 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, Somerville House 1, Rainham is £409,186 and the estimated rental value is £1,801 per month.
The apartment is within Somerville House, Fairlane Road, Rainham, RM13.
Fairlane Road, Rainham, RM13 is located in the borough of Havering within the RM13 postal district.
Our Data Sources
Flat 2, Somerville House 1, Rainham has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 Flat 2, Somerville House 1, Rainham is in very good condition we estimate a sale value of £429,646 and a rental value of £1,891 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £380,543 and a rental value of £1,675 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, Somerville House 1, Rainham has declined by £1,138 (0.3%), while its estimated rental value has climbed by £40 per month (2.2%). Based on current estimates, the property offers a gross rental yield of 5.3%.
Energy Efficiency
Flat 2, Somerville House 1, Rainham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, Flat 2, Somerville House 1, Rainham was last sold on 23rd September 2021 for £415,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2021, the market for similar properties has risen by 25.1%.
- Sold Sep 2021£415,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Somerville House 1, Rainham within a radius of 610 metres over the last 2 years.
The most recent example is Flat 21, Somerville House 1, Fairlane Road, Rainham, RM13 8RX, a leasehold flat which sold for £430,000 on the 28th January 2022.
Read more about house prices in RM13.
- Sold Jan 2022£430,000 | 3 Bed FlatSomerville House 1, Fairlane RoadFlat 21, Somerville House 1, Fairlane Road, Rainham, RM13 8RX
- Sold Jan 2022£415,000 | 3 Bed FlatSomerville House 1, Fairlane RoadFlat 22, Somerville House 1, Fairlane Road, Rainham, RM13 8RX
- Sold Sep 2021£430,000 | 3 Bed FlatSomerville House 1, Fairlane RoadFlat 12, Somerville House 1, Fairlane Road, Rainham, RM13 8RX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Fairlane Road, Rainham, RM13 has a total of 173 addresses. According to our analysis of all the public data, Flat 2, Somerville House 1, Rainham is the 25th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £1k more expensive than the average property in RM13.
More reading links
Schools Nearby
- 100mPark Primary Academy
- 500mNewtons Primary School
- 500mBeam Primary School
- 1.4kmDagenham Park CofE School
- 2.0kmThe Brittons Academy
- 2.6kmBrook Sixth Form and Academy
More reading links
Public Transport Nearby
The closest station to Flat 2, Somerville House 1, Rainham is Dagenham Dock station, which is 1.6 kilometres away.
- 1.6kmDagenham Dock
- 1.8kmRainham (Essex)
- 2.3kmDagenham East
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
