Colubrid says ..

Property Oracle says ..

Romford is a town located in the London Borough of Havering, in Greater London. The property is a 1 bedroom flat located in Mercury Gardens, close to Romford town centre. The area benefits from good transport links, with Romford station providing access to TfL Rail services. Several primary schools with good Ofsted ratings are within a reasonable distance, making it potentially attractive to families.

Based on the provided images, the property appears to be in good condition. It is a modern flat with a contemporary design and what seems to be recently updated fixtures and fittings in the kitchen and bathroom. There is no visible evidence of significant wear and tear or the need for major renovations.

The property does not have a garden or any outdoor space as indicated by the plot size of 0.00 sqft. This is typical for flats in this type of development.

The list price of £200,000 is significantly lower than the average price of £401,187 for the area. However, it’s important to note that the average price per sqft in the area is £424, while this property’s price per sqft is approximately £388. Considering the smaller size of this flat compared to the area average (516 sqft vs 946 sqft), and the lack of outdoor space, the price seems relatively reasonable, although potentially slightly below market value for a similar property with a larger sqft. Nearby comparable properties support this assessment, with similar flats selling for around £230,000 to £300,000.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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