14 Verve Apartments, 5 Mercury Gardens

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

    This flat/maisonette leasehold property on Mercury Gardens last sold in March 2017 for £260,000. Based on price growth in the RM1 district since then, its estimated current value is £245,039 — placing it in the 36th percentile nationally and the 26th percentile within RM1. The property covers 42 m² (452 sq ft), giving an estimated value of £5,834 per m². The EPC rating is E, with a potential rating of E.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    452 sq ft

    42 m²

    Last Sale Price

    £260,000

    Mar 2017

    Estimated Valuation

    £245,039

    Est. £/sq ft

    £542/sq ft

    £5,834/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formNot available
    Construction age2016
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentE
    EPC potentialE
    Floor area452 sq ft (42 m²)
    EPC dateJul 2016
    WallsAverage thermal transmittance 0.86 W/m²K
    HeatingBoiler and radiators, electric

    Transaction History

    29 Mar 2017

    New build

    £260,000

    Key Metrics

    Estimated valuation£245,039
    Value per sq ft / m²£542/sq ft (£5,834/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile26th percentile
    National percentile36th 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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