Paines Brook Way, Romford, RM3 is a residential street which is the 430th longest street in the RM3 area.
It contains 97 residential addresses consisting of 33 houses and 64 flats and the most common type of property is a modern flat built after 1980.
The average house value is £141,446. Sales values have decreased in the last 12 months by 0.7% and Rental values have increased by 5.2%.
Property sale values range from £127,530 for a leasehold flat, with 1 bedrooms split across 495 square feet of gross internal area and has no outside space to £504,467 for a freehold house, with 4 bedrooms split across 1,582 square feet of gross internal area and has a garden.
Average £/ft2 for properties in Paines Brook Way, Romford, RM3 is £260/ft2.
Properties achieve a rental yield of between 5.5% and 7.4%, and rental values range from £761 to £2,328 per month.
The last sale was 26 Jan 2024 for £410,000 and since then the market in the area as increased by 0.8%. The street has had a total of 4 sales since 1995.
Paines Brook Way, Romford, RM3 has seen 1 sale in the last three years and 1 sale in the last twelve months.
Paines Brook Way, Romford, RM3 is the 430th largest and the 2nd most expensive street in the RM3 area.
There are 3 postcodes on Paines Brook Way, Romford, RM3.
Paines Brook Way, Romford, RM3 is a residential street located in RM3 containing 33 houses and 64 flats.
The most common property type on Paines Brook Way, Romford, RM3 is a modern flat built after 1980.
The homes are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to Paines Brook Way, Romford, RM3 is Harold Wood station which is 1.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Paines Brook Way, Romford, RM3, 63.2% of property is socially rented and 13.2% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Paines Brook Way, Romford, RM3, 27.4% of residents are recorded as possessing school level qualifications and 24.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Paines Brook Way, Romford, RM3, the average age was 35.9 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Paines Brook Way, Romford, RM3, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Paines Brook Way, Romford, RM3, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.