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Company No. 11113204
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According to the public record, Flat 7, Gidea Lodge 220A, Romford is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 7, Gidea Lodge 220A, Romford is £255,547 and the estimated rental value is £1,343 per month.
The apartment is within Gidea Lodge, Main Road, Romford, RM2.
Main Road, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
Flat 7, Gidea Lodge 220A, Romford has 2 entries in the Land Registry , most recently in September 2020 and a single entry in the EPC database dated September 2018.
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.
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 7, Gidea Lodge 220A, Romford is in very good condition we estimate a sale value of £268,324 and a rental value of £1,410 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,658 and a rental value of £1,249 per month.
Over the last 12 months the sale value of Flat 7 Gidea Lodge 220A Romford has increased by an estimated £2,594 (1.0%) and its rental value has increased by an estimated £29 per month (2.1%), giving an expected gross yield of 6.3%.
Flat 7, Gidea Lodge 220A, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Sep 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 7, Gidea Lodge 220A, Romford was last sold on 29th September 2020 for £295,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2020, the market for similar properties has dropped 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Gidea Lodge 220A, Romford within a radius of 670 metres over the last 2 years.
The most recent example is Flat 27, Gidea Lodge 220A, Main Road, Romford, RM2 5HR, a leasehold flat which sold for £295,000 on the 12th April 2022.
Read more about house prices in RM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Main Road, Romford, RM2 has a total of 375 addresses. According to our analysis of all the public data, Flat 7, Gidea Lodge 220A, Romford is the 300th largest and the 307th most expensive property on the street.
When compared to the postcode district it is £297k less expensive than the average property in RM2.
The nearest school is Gidea Park Primary School which is 600 metres away. The nearest train station is Gidea Park which is 600 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
