1 Lake Rise

    1, LAKE RISE, ROMFORD, RM1 4DZ

    This detached freehold property on Lake Rise last sold in July 2022 for £975,000. Based on price growth in the RM1 district since then, its estimated current value is £922,326 — placing it in the 95th percentile nationally and the 98th percentile within RM1. The property covers 185 m² (1,991 sq ft), giving an estimated value of £4,986 per m². The EPC rating is D, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,991 sq ft

    185 m²

    Last Sale Price

    £975,000

    Jul 2022

    Estimated Valuation

    £922,326

    Est. £/sq ft

    £463/sq ft

    £4,986/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageC
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area1,991 sq ft (185 m²)
    EPC dateJan 2022
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    5 Jul 2022

    £975,000

    2 Oct 2020

    £500,000

    30 Mar 2007

    £495,000

    17 May 2001

    £285,000

    5 Jun 1998

    £208,950

    31 Jan 1997

    £138,000

    Key Metrics

    Estimated valuation£922,326
    Value per sq ft / m²£463/sq ft (£4,986/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile98th percentile
    National percentile95th 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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