2 Maxim Tower Mercury Gardens

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

    This flat/maisonette leasehold property on Mercury Gardens last sold in April 2015 for £215,000. Based on price growth in the RM1 district since then, its estimated current value is £257,069 — placing it in the 39th percentile nationally and the 29th percentile within RM1. The property covers 61 m² (657 sq ft), giving an estimated value of £4,214 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    657 sq ft

    61 m²

    Last Sale Price

    £215,000

    Apr 2015

    Estimated Valuation

    £257,069

    Est. £/sq ft

    £391/sq ft

    £4,214/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnclosed End-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area657 sq ft (61 m²)
    EPC dateJul 2021
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    9 Apr 2015

    £215,000

    30 Jun 2006

    New build

    £230,000

    Key Metrics

    Estimated valuation£257,069
    Value per sq ft / m²£391/sq ft (£4,214/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile29th percentile
    National percentile39th 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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