Flat 8 Derwent Court Riverside Close

    FLAT 8 DERWENT COURT, RIVERSIDE CLOSE, ROMFORD, RM1 1EQ

    This flat/maisonette leasehold property on Riverside Close last sold in September 2024 for £272,000. Based on price growth in the RM1 district since then, its estimated current value is £253,436 — placing it in the 38th percentile nationally and the 29th percentile within RM1. The property covers 60 m² (646 sq ft), giving an estimated value of £4,224 per m². The EPC rating is C, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    646 sq ft

    60 m²

    Last Sale Price

    £272,000

    Sept 2024

    Estimated Valuation

    £253,436

    Est. £/sq ft

    £392/sq ft

    £4,224/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1991-1995
    Habitable rooms3
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialB
    Floor area646 sq ft (60 m²)
    EPC dateAug 2020
    WallsCavity wall, as built, insulated (assumed)
    HeatingElectric storage heaters

    Transaction History

    12 Sept 2024

    £272,000

    18 May 2007

    £197,500

    Key Metrics

    Estimated valuation£253,436
    Value per sq ft / m²£392/sq ft (£4,224/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM1 district percentile29th percentile
    National percentile38th 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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