2 Merlin Close

    2, MERLIN CLOSE, ROMFORD, RM5 3YB

    This terraced freehold property on Merlin Close last sold in October 2016 for £305,500. Based on price growth in the RM5 district since then, its estimated current value is £384,838 — placing it in the 65th percentile nationally and the 24th percentile within RM5. The property covers 71 m² (764 sq ft), giving an estimated value of £5,420 per m². The EPC rating is F, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    764 sq ft

    71 m²

    Last Sale Price

    £305,500

    Oct 2016

    Estimated Valuation

    £384,838

    Est. £/sq ft

    £504/sq ft

    £5,420/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms4
    Main fuelelectricity (not community)
    EPC currentF
    EPC potentialB
    Floor area764 sq ft (71 m²)
    EPC dateJun 2016
    WallsCavity wall, as built, no insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    14 Oct 2016

    £305,500

    Key Metrics

    Estimated valuation£384,838
    Value per sq ft / m²£504/sq ft (£5,420/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM5 district percentile24th percentile
    National percentile65th percentile

    District Context — RM5

    RM5 covers areas in east London, forming part of the wider RM postcode region. It is predominantly suburban with a strong owner-occupier focus and a notably young family demographic.

    Average Property Price - RM5

    £441,866

    73

    National percentile

    Average Net Household Income - RM5

    £47,974

    84

    National percentile

    10-Year Annualised Price Growth - RM5

    4.3%

    75

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM5

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