8, Lofthaus Apartments, 47A Market Place, Romford, RM1 3AB is a leasehold flat built in 2012 onwards. The property offers approximately 1,410 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have five bedrooms.

The estimated current market value of the property is £380,432 , which equates to approximately £270 per square foot. It was last sold on 23 Aug 2018 for £345,000. Since then, the value has increased by £35,432, representing a 10.3% increase, or approximately 1.4% per year.

The current estimated value of £380,432 is:

  • 31.0% lower than the average property price on Market Place
  • 71.5% lower than the average in the RM1 3AB postcode area
  • and 15.2% 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 18 May 2024, the property was recorded as rented.

View sold house prices in RM1 3AB

Building approximate location

About Property

Type
Flat
Built
2012 onwards
Interior Size
1410 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£380,432
Price Per sq ft (estimate)
£270
Bedroom Count (estimate)
5 bedrooms

EPC Summary

8, Lofthaus Apartments, 47A Market Place, Romford, Havering, Greater London, RM1 3AB has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 18 May 2024.

This property uses an electric boiler with radiators as its main heating source. Hot water is provided by a community heating scheme, but the cylinder is not fitted with a thermostat. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 May 2016, when the property was rated B. The current rating of D reflects a decline in energy efficiency of 25.6%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from community scheme to boiler and radiators, electric, changing energy efficiency from good to very poor.
  • The hot water system changed from community scheme to community scheme, no cylinder thermostat, with no change in energy efficiency (good).
  • The roof construction or insulation changed from (other premises above) to (another dwelling above), with no change in energy efficiency (n/a).
  • The wall construction or insulation changed from average thermal transmittance 0.28 w/m-¦k to system built, as built, insulated (assumed), with no change in energy efficiency (very good).
  • The windows were upgraded from high performance glazing to fully double glazed.
Heating Type
Boiler and radiators, electric
Very Poor
Hot Water
Community scheme, no cylinder thermostat
Good
Walls
System built, as built, insulated (assumed)
Very Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to RM1 3AB

12 th / 16
Price Rank
71% lower than average
2 nd / 8
Size Rank
62% smaller than average
8 th / 8
Price Per Sq FT Rank
25% lower than average

Compared to other properties in RM1 3AB , this flat's estimated value ranks 12th out of 16. Based on price per square foot, it ranks 8th out of 8 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 2nd out of 8 properties in its postcode area.

Sale History

Today
£380,432
streetscan.co.uk estimate
+10 %
23 Aug 2018
£345,000
Leasehold

Area Insights

Nearby Properties

rooms:
size: 1324 sq ft
sale price: £400,000
sale date: 23 May 2022
rooms:
size: 926 sq ft
sale price: £325,000
sale date: 29 Jul 2019
rooms:
size: 1668 sq ft
sale price: £400,000
sale date: 17 Jun 2019
rooms:
size: 721 sq ft
sale price: £315,000
sale date: 9 Nov 2018
rooms:
size: 1044 sq ft
sale price: £330,000
sale date: 31 Aug 2018

Data Sources

The property at 8, Lofthaus Apartments, 47A Market Place, Romford, Havering, Greater London, RM1 3AB appears once in the Land Registry records, with the transaction recorded on 23 Aug 2018. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 18 May 2024. 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.


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