5 Maxim Tower Mercury Gardens

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

    This flat/maisonette leasehold property on Mercury Gardens last sold in June 2017 for £293,500. Based on price growth in the RM1 district since then, its estimated current value is £276,611 — placing it in the 44th percentile nationally and the 33rd percentile within RM1. The property covers 64 m² (689 sq ft), giving an estimated value of £4,322 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    689 sq ft

    64 m²

    Last Sale Price

    £293,500

    Jun 2017

    Estimated Valuation

    £276,611

    Est. £/sq ft

    £402/sq ft

    £4,322/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 2003-2006
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentB
    EPC potentialB
    Floor area689 sq ft (64 m²)
    EPC dateMar 2022
    WallsSystem built, as built, insulated (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    30 Jun 2017

    £293,500

    26 Oct 2006

    New build

    £233,695

    Key Metrics

    Estimated valuation£276,611
    Value per sq ft / m²£402/sq ft (£4,322/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile33rd percentile
    National percentile44th 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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