2 Philan Way

    2, PHILAN WAY, ROMFORD, RM5 3YT

    This flat/maisonette leasehold property on Philan Way last sold in July 2014 for £166,000. Based on price growth in the RM5 district since then, its estimated current value is £246,960 — placing it in the 37th percentile nationally and the 6th percentile within RM5. The property covers 57 m² (614 sq ft), giving an estimated value of £4,333 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    614 sq ft

    57 m²

    Last Sale Price

    £166,000

    Jul 2014

    Estimated Valuation

    £246,960

    Est. £/sq ft

    £403/sq ft

    £4,333/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms3
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialC
    Floor area614 sq ft (57 m²)
    EPC dateAug 2014
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    25 Jul 2014

    £166,000

    7 Jun 2002

    £105,000

    18 Jun 1999

    £60,000

    Key Metrics

    Estimated valuation£246,960
    Value per sq ft / m²£403/sq ft (£4,333/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM5 district percentile6th percentile
    National percentile37th 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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