124 Verve Apartments, 5 Mercury Gardens

    124 VERVE APARTMENTS, 5, MERCURY GARDENS, ROMFORD, RM1 3FD

    This flat/maisonette leasehold property on Mercury Gardens last sold in August 2025 for £302,000. Based on price growth in the RM1 district since then, its estimated current value is £302,000 — placing it in the 50th percentile nationally and the 37th percentile within RM1. The property covers 61 m² (657 sq ft), giving an estimated value of £4,951 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    657 sq ft

    61 m²

    Last Sale Price

    £302,000

    Aug 2025

    Estimated Valuation

    £302,000

    Est. £/sq ft

    £460/sq ft

    £4,951/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2017
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentB
    EPC potentialB
    Floor area657 sq ft (61 m²)
    EPC dateMar 2021
    WallsAverage thermal transmittance 0.19 W/m²K
    HeatingAir source heat pump, radiators, electric

    Transaction History

    18 Aug 2025

    £302,000

    17 Sept 2021

    New build

    £320,000

    Key Metrics

    Estimated valuation£302,000
    Value per sq ft / m²£460/sq ft (£4,951/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile37th percentile
    National percentile50th 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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