CONTENTS: INTRODUCTION - ASHFORD, KENT - BATH, SOMERSET - BECKENHAM, KENT - BEDFORD, BEDFORDSHIRE - BILLERICAY, ESSEX - BIRMINGHAM CITY CENTRE, BIRMINGHAM - BOURNEMOUTH, SUSSEX - BRENTWOOD, ESSEX - BRIGHTON, SUSSEX - CAMBRIDGE, CAMBRIDGESHIRE - CANTERBURY, KENT - CARDIFF, WALES - CHELMSFORD, ESSEX - CLEETHORPES, LINCOLNSHIRE - COLCHESTER, ESSEX - EPPING, ESSEX - GRANTHAM, LINCOLNSHIRE - GREAT YARMOUTH, NORFOLK - GUILDFORD, SURREY - IPSWICH, SUFFOLK - KETTERING, NORTHAMPTONSHIRE - KINGS LYNN, NORFOLK - LEICESTER, NORTHAMPTONSHIRE - LIVERPOOL CITY CENTRE, LANCASHIRE - LUTON, BEDFORDSHIRE - MANCHESTER, LANCASHIRE - MILTON KEYNES, BEDFORDSHIRE - NORWICH, NORFOLK - OXFORD, OXFORDSHIRE - PETERBOROUGH, CAMBRIDGESHIRE - READING, BERKSHIRE - ROMFORD, ESSEX - SOUTHEND-ON-SEA, ESSEX - ST ALBANS, HERTFORDSHIRE - STANSTED, ESSEX - SWINDON, BERKSHIRE - WELWYN GARDEN CITY, HERTFORDSHIRE - WISBECH, CAMBRIDGESHIRE
| Area: | ROMFORD, ESSEX | ||||||||
| Category: | A | ||||||||
| Investor Profile | Pension, Business and Cash&Equity | ||||||||
| Population aged 15+: | 51,624 | ||||||||
| Actual | National Average | ||||||||
| Percentage Class ABC1: | 62% | 44% | |||||||
| Crime: | Violence | Sexual | Burglary | Motor | |||||
| Per 1000 population | 14 | 1 | 5 | 8 | |||||
| Yield Range: | 4.1% - 9.7% | ||||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | |||
| Flats&maisonettes | 82,400 | 123,600 | 153 | 207 | 8.7% | 9.7% | |||
| Terraced | 119,200 | 178,800 | 175 | 236 | 6.9% | 7.6% | |||
| Semi-detached | 145,600 | 218,400 | 193 | 262 | 6.2% | 6.9% | |||
| Detached | 243,200 | 364,800 | 214 | 289 | 4.1% | 4.6% | |||
| Valuations above the national average by: | 5% | ||||||||
| Actual | National Average | ||||||||
| Capital growth last 12 months: | 22% | 18% | |||||||
| Capital growth last 5 years: | 95% | 80% | |||||||
| Large employers in the area: | Many | ||||||||
| Demand For Letting: | Good | ||||||||
| Average void period: | 2 weeks | ||||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | |||||||
| Out of 10: | 8 | 4 | 4 | ||||||
| Summary: | Good inner M25 area that hasn’t seen a ridiculous surge in property prices. | ||||||||
| Description: | The shopping capital of the south east! It has more retail space than both Lakeside and Bluewater (two large self-contained shopping complexes located on the London borders) and is ranked as one of the top five shopping centres in Greater London. People travel from surrounding areas including the east of London to enjoy the range of shops Romford provides. I predict that Romford will be the largest shopping complex within the M25 within 5 years thus providing a large employment requirement. This strong retail side of Romford attracts further businesses to locate to this area and is home to more than 7,000 businesses employing around 70,000 people. There are many Head Offices located in Romford tending to be insurance companies for a reason that is unknown to me. Areas such as Gidea Park, Harold Wood and Upminster will always be good investments as they all have mainline railway connections to Liverpool Street Station in the city. Areas to avoid are Harold Hill and Collier Row as these are predominately council housing. This is the only area I have mentioned that is within the M25 because it is really the only area that is good value. Flats are readily available under the £90,000 mark which represents an excellent return on your investment. I have only one property in Romford and I am currently looking to invest further as I predict that this town will experience a medium to long term gain in excess of most areas neighbouring the city of London. | ||||||||
| Mainline railway station: | 25-30 minutes to Liverpool Street Station, London | ||||||||
| Road Access: | Main access route A12 18 miles east of Central London 4 miles from M25 | ||||||||
| Local Newspaper | Romford Recorder Series 01708 771500 | ||||||||
| Estate Agents: | Name | Address | Tel | Web | |||||
| Porter Glenny | 77 Main Road Romford Essex RM2 5ER | 01708 764418 | www.porterglenny.co.uk | ||||||
| Keys & Lee | 215 Pettits Lane North Romford Essex RM1 4NU | 01708 723658 | www.keysandlee.com | ||||||
| Ashton & Perkins | 30 Victoria Road Romford Essex RM1 2JH | 01708 723700 | www.ashtonperkins.co.uk | ||||||
| Hilbery Chaplin | Atlanta House 148 South Street Romford Essex RM1 1SX | 01708 737373 | |||||||
| Payne & Co | 30-32 Station Road Chadwell Heath Romford Essex RM6 4BE | 020 8597 7555 | www.payneandco.co.uk | ||||||
| Beresford Estate Agents | 52 Collier Row Road Romford Essex RM5 3PA | 01708 730707 | www.beresfordsgroup.co.uk | ||||||
| Glenisters Estate Agents | 32 Victoria Road Romford Essex RM1 2JH | 01708 747470 | www.glenistersdirect.co.uk | ||||||
| Letting Agents: | Name | Address | Tel | Web | |||||
| Andrews Letting & Management | 20, North St Romford Essex RM1 1BH | 01708 753521 | www.andrewsonline.co.uk | ||||||
| Hilbery Chaplin Residential | Atlanta House 148 South Street Romford Essex RM1 1SX | 01708 737373 | www.hilberychaplin.co.uk | ||||||
| Beresfords Letting Division | 52 Collier Row Road Romford Essex RM5 3PA | 01708 738100 | www.beresfordsgroup.co.uk | ||||||