13 Verve Apartments, 5 Mercury Gardens

    13 VERVE APARTMENTS, 5, MERCURY GARDENS, ROMFORD, RM1 3FB

    This flat/maisonette leasehold property on Mercury Gardens last sold in June 2017 for £255,000. Based on price growth in the RM1 district since then, its estimated current value is £240,327 — placing it in the 35th percentile nationally and the 25th percentile within RM1. The property covers 39 m² (420 sq ft), giving an estimated value of £6,162 per m². The EPC rating is E, with a potential rating of E.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    420 sq ft

    39 m²

    Last Sale Price

    £255,000

    Jun 2017

    Estimated Valuation

    £240,327

    Est. £/sq ft

    £572/sq ft

    £6,162/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formNot available
    Construction age2016
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentE
    EPC potentialE
    Floor area420 sq ft (39 m²)
    EPC dateJul 2016
    WallsAverage thermal transmittance 0.93 W/m²K
    HeatingBoiler and radiators, electric

    Transaction History

    23 Jun 2017

    New build

    £255,000

    Key Metrics

    Estimated valuation£240,327
    Value per sq ft / m²£572/sq ft (£6,162/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile25th percentile
    National percentile35th 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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