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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 C, 506, Romford Road is a period leasehold apartment with 1,130 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 C, 506, Romford Road is £338,076 and the estimated rental value is £2,115 per month.
The apartment is within 506, Romford Road, London, E7.
Romford Road, London, E7 is located in the borough of Newham within the E7 postal district.
Flat C, 506, Romford Road has a single entry in the Land Registry from September 2023 and a single entry in the EPC database dated December 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 C, 506, Romford Road is in very good condition we estimate a sale value of £354,980 and a rental value of £2,220 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,411 and a rental value of £1,967 per month.
Over the last 12 months the sale value of Flat C 506 Romford Road has decreased by an estimated £3,265 (1.0%) and its rental value has increased by an estimated £82 per month (3.9%), giving an expected gross yield of 7.5%.
Flat C, 506, Romford Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Dec 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat C, 506, Romford Road was last sold on 1st September 2023 for £340,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2023, the market for similar properties has risen 9.1%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat C, 506, Romford Road within a radius of 380 metres over the last 2 years.
The most recent example is 94A, Shrewsbury Road, London, E7 8AL, a leasehold flat which sold for £377,500 on the 9th February 2021.
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 C, 506, Romford Road is the 147th largest and the 247th most expensive property on the street.
When compared to the postcode district it is £141k less expensive than the average property in E7.
The nearest school is Monega Primary School which is 365 metres away. The nearest train station is Woodgrange Park which is 200 metres away.
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