24B Margaret Road, Romford, RM2 5SH is a leasehold flat built between 1950-1966. The property offers approximately 420 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £174,732 , which equates to approximately £416 per square foot. It was last sold on 31 Aug 2017 for £160,000. Since then, the value has increased by £14,732, representing a 9.2% increase, or approximately 1.1% per year.

The current estimated value of £174,732 is:

  • 60.6% lower than the average property price on Margaret Road
  • 58.7% lower than the average in the RM2 5SH postcode area
  • and 61.1% lower than the average price for Romford as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 7 June 2021, the property was recorded as rented.

View sold house prices in RM2 5SH

Building approximate location

About Property

Type
Flat
Built
1950-1966
Interior Size
420 sq ft
Tenure
Leasehold
Price (estimate)
£174,732
Price Per sq ft (estimate)
£416
Bedroom Count (estimate)
1 bedroom

EPC Summary

24B Margaret Road, Romford, Havering, Greater London, RM2 5SH has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 7 Jun 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 27 May 2011. The rating of C is unchanged, though the energy efficiency score decreased by 1.3%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, insulated (assumed) to (another dwelling above), changing energy efficiency from good to n/a.
  • The lighting was updated from no low energy lighting to low energy lighting in 25% of fixed outlets, with efficiency improving from very poor to average.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 25% of fixed outlets
Average

Compared to RM2 5SH

21 st / 21
Price Rank
59% lower than average
16 th / 16
Size Rank
56% smaller than average
11 th / 16
Price Per Sq FT Rank
6% lower than average

Compared to other properties in RM2 5SH , this flat's estimated value ranks 21th out of 21. Based on price per square foot, it ranks 11th out of 16 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 16th out of 16 properties in its postcode area.

Sale History

Today
£174,732
streetscan.co.uk estimate
+9 %
31 Aug 2017
£160,000
Leasehold

Area Insights

Nearby Properties

rooms: 2
size: 549 sq ft
sale price: £215,000
sale date: 17 Apr 2019
rooms: 5
size: 1141 sq ft
sale price: £500,000
sale date: 15 Jun 2022
rooms: 5
size: 936 sq ft
sale price: £421,000
sale date: 21 Feb 2017
rooms: 5
size: 1066 sq ft
sale price: £375,000
sale date: 28 Jan 2022
rooms: 4
size: 1023 sq ft
sale price: £175,000
sale date: 24 Jul 2014

Data Sources

The property at 24B Margaret Road, Romford, Havering, Greater London, RM2 5SH appears once in the Land Registry records, with the transaction recorded on 31 Aug 2017. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 7 Jun 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.