12 Maxim Tower Mercury Gardens

    12 MAXIM TOWER, MERCURY GARDENS, ROMFORD, RM1 3HE

    This flat/maisonette leasehold property on Mercury Gardens last sold in February 2017 for £280,000. Based on price growth in the RM1 district since then, its estimated current value is £263,888 — placing it in the 41st percentile nationally and the 31st percentile within RM1. The property covers 70 m² (753 sq ft), giving an estimated value of £3,770 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    753 sq ft

    70 m²

    Last Sale Price

    £280,000

    Feb 2017

    Estimated Valuation

    £263,888

    Est. £/sq ft

    £350/sq ft

    £3,770/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed Mid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area753 sq ft (70 m²)
    EPC dateMay 2016
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 Feb 2017

    £280,000

    24 Nov 2006

    £249,995

    Key Metrics

    Estimated valuation£263,888
    Value per sq ft / m²£350/sq ft (£3,770/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile31st percentile
    National percentile41st 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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