7, Verve Apartments, 5 Mercury Gardens, Romford, RM1 3FB is a leasehold flat 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 £240,615 , which equates to approximately £573 per square foot. It was last sold on 1 Aug 2024 for £230,000. Since then, the value has increased by £10,615, representing a 4.6% increase, or approximately 3.4% per year.

The current estimated value of £240,615 is:

  • 22.8% lower than the average property price on Mercury Gardens
  • 7.8% lower than the average in the RM1 3FB postcode area
  • and 46.4% lower than the average price for Romford as a whole

View sold house prices in RM1 3FB

Building approximate location

About Property

Type
Flat
Built
Interior Size
420 sq ft
Tenure
Leasehold
Price (estimate)
£240,615
Price Per sq ft (estimate)
£573
Bedroom Count (estimate)
1 bedroom

EPC Summary

7, Verve Apartments, 5 Mercury Gardens, Romford, Havering, Greater London Authority, RM1 3FB has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 28 Jul 2016.

This property uses an electric boiler with radiators as its main heating source. Electric instantaneous heaters at the point of use are used to provide hot water. The windows are high performance glazing.

Heating Type
Boiler and radiators, electric
Very Poor
Hot Water
Electric instantaneous at point of use
Very Poor
Floor
Average thermal transmittance 1.20 W/m-¦K
Very Poor
Walls
Average thermal transmittance 0.93 W/m-¦K
Average
Windows
High performance glazing
Very Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to RM1 3FB

23 rd / 66
Price Rank
8% lower than average
44 th / 65
Size Rank
2% bigger than average
12 th / 65
Price Per Sq FT Rank
10% lower than average

Compared to other properties in RM1 3FB , this flat's estimated value ranks 23th out of 66. Based on price per square foot, it ranks 12th out of 65 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 44th out of 65 properties in its postcode area.

Sale History

Today
£240,615
streetscan.co.uk estimate
+5 %
1 Aug 2024
£230,000
Leasehold
-13.2 %
24 Mar 2017
£265,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms:
size: 452 sq ft
sale price: £225,000
sale date: 4 Nov 2024
rooms:
size: 463 sq ft
sale price: £260,000
sale date: 17 Apr 2024
rooms: 3
size: 463 sq ft
sale price: £249,500
sale date: 7 Feb 2024
rooms:
size: 463 sq ft
sale price: £265,000
sale date: 28 Nov 2022
rooms:
size: 463 sq ft
sale price: £265,000
sale date: 28 Sep 2022

Data Sources

The property at 7, Verve Apartments, 5 Mercury Gardens, Romford, RM1 3FB appears two times in the Land Registry records, with the latest transaction recorded on 1 Aug 2024. It also has a single Energy Performance Certificate (EPC) from 28 Jul 2016. 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.