38 Maxim Tower Mercury Gardens

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

    This flat/maisonette leasehold property on Mercury Gardens last sold in September 2015 for £269,000. Based on price growth in the RM1 district since then, its estimated current value is £321,635 — placing it in the 54th percentile nationally and the 38th percentile within RM1. The property covers 64 m² (689 sq ft), giving an estimated value of £5,026 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    689 sq ft

    64 m²

    Last Sale Price

    £269,000

    Sept 2015

    Estimated Valuation

    £321,635

    Est. £/sq ft

    £467/sq ft

    £5,026/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area689 sq ft (64 m²)
    EPC dateJul 2015
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Sept 2015

    £269,000

    3 Nov 2006

    New build

    £235,000

    Key Metrics

    Estimated valuation£321,635
    Value per sq ft / m²£467/sq ft (£5,026/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile38th percentile
    National percentile54th 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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