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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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Public records show Flat 3, Onyx House, Romford to be a modern leasehold apartment with 688 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 3, Onyx House, Romford has an estimated sale value of £330,716 and an estimated rental value of £1,678 per month, assuming reasonable condition and based on the information available.
The apartment sits within Onyx House, Compass Way, Romford, RM1.
Compass Way, Romford, RM1 lies in the borough of Havering, within the RM1 postal district.
Flat 3, Onyx House, Romford has a single entry in the Land Registry from April 2023 and a single entry in the EPC database dated January 2023.
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.
In very good condition, we estimate Flat 3, Onyx House, Romford would be worth £347,252, with a potential rental value of £1,762 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £307,566, with a rental value of £1,561 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 3, Onyx House, Romford has climbed by £1,627 (0.5%) over the last year. During the same period, its estimated monthly rental value has risen by £29 (1.7%). The property's estimated gross yield is currently 6.1%.
Flat 3, Onyx House, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jan 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, electric.
Flat 3, Onyx House, Romford last changed hands on 19th April 2023, selling for £350,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 5.4% since April 2023.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 410 metres of Flat 3, Onyx House, Romford across the last 2 years.
Most recently, Flat 16, Malachite House, Compass Way, Romford, RM1 1DF, a leasehold flat, sold at £345,000 on the 31st March 2023.
Read more about house prices in RM1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 3, Onyx House, Romford as the 31st largest and the 27th most expensive of the 40 addresses on Compass Way, Romford, RM1.
Against the RM1 postcode district average, it is £87k less expensive than the typical property.
Romford station is the nearest stop to Flat 3, Onyx House, Romford at 1.0 kilometres away.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 3, Onyx House, Romford, 42.4% of property is privately rented and 26.7% 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 Flat 3, Onyx House, Romford, 17.9% of residents are recorded as possessing school level qualifications and 45.4% 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 Flat 3, Onyx House, Romford, the average age was 37 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 Flat 3, Onyx House, Romford, 0.7% 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 Flat 3, Onyx House, Romford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
