40 Maxim Tower Mercury Gardens

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

    This flat/maisonette leasehold property on Mercury Gardens last sold in October 2006 for £261,995. Based on price growth in the RM1 district since then, its estimated current value is £346,056 — placing it in the 58th percentile nationally and the 39th percentile within RM1. The property covers 57 m² (614 sq ft), giving an estimated value of £6,071 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    614 sq ft

    57 m²

    Last Sale Price

    £261,995

    Oct 2006

    Estimated Valuation

    £346,056

    Est. £/sq ft

    £564/sq ft

    £6,071/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area614 sq ft (57 m²)
    EPC dateJan 2021
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    27 Oct 2006

    New build

    £261,995

    Key Metrics

    Estimated valuation£346,056
    Value per sq ft / m²£564/sq ft (£6,071/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile39th percentile
    National percentile58th 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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