79 Lake Rise

    79, LAKE RISE, ROMFORD, RM1 4EF

    This detached freehold property on Lake Rise last sold in December 2015 for £500,000. Based on price growth in the RM1 district since then, its estimated current value is £687,735 — placing it in the 90th percentile nationally and the 87th percentile within RM1. The property covers 84 m² (904 sq ft), giving an estimated value of £8,187 per m². The EPC rating is F, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    904 sq ft

    84 m²

    Last Sale Price

    £500,000

    Dec 2015

    Estimated Valuation

    £687,735

    Est. £/sq ft

    £761/sq ft

    £8,187/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentF
    EPC potentialC
    Floor area904 sq ft (84 m²)
    EPC dateFeb 2015
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    22 Dec 2015

    £500,000

    Key Metrics

    Estimated valuation£687,735
    Value per sq ft / m²£761/sq ft (£8,187/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile87th percentile
    National percentile90th 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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