31 Merritt House Frazer Close

    31 MERRITT HOUSE, FRAZER CLOSE, ROMFORD, RM1 2DE

    This flat/maisonette leasehold property on Frazer Close last sold in April 2012 for £81,000. Based on price growth in the RM1 district since then, its estimated current value is £123,661 — placing it in the 7th percentile nationally and the 2nd percentile within RM1. The property covers 54 m² (581 sq ft), giving an estimated value of £2,290 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    581 sq ft

    54 m²

    Last Sale Price

    £81,000

    Apr 2012

    Estimated Valuation

    £123,661

    Est. £/sq ft

    £213/sq ft

    £2,290/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area581 sq ft (54 m²)
    EPC dateApr 2013
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    25 Apr 2012

    £81,000

    29 Aug 1997

    £46,500

    Key Metrics

    Estimated valuation£123,661
    Value per sq ft / m²£213/sq ft (£2,290/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile2nd percentile
    National percentile7th percentile

    District Context — RM1

    RM1 covers Romford and surrounding areas in East London, positioned in the east of the capital. It is a diverse, mixed-tenure neighbourhood with strong demand from families and commuters seeking affordable space within reach of London.

    Average Property Price - RM1

    £442,446

    73

    National percentile

    Average Net Household Income - RM1

    £47,792

    83

    National percentile

    10-Year Annualised Price Growth - RM1

    4.2%

    72

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM1

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