According to the public record, 1, James Close, Romford is a mid-century freehold house with 1,076 ft2 of internal area and sits on a 325 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
James Close, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
1, James Close, Romford has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated July 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 James Close Romford as £423,404 and the rental value as £2,174 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 1 James Close Romford has increased by £753 (0.2%) and its rental value has increased by £136 per month (6.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, James Close, Romford is in very good condition we estimate a sale value of £444,574 and rental value of £2,283 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £393,766 and a rental value of £2,022 per month.
If you were able to purchase this property for the estimated value of £423,404, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,081 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, James Close, Romford sits on a plot of 325m2.
We have plot size data on 5 out of 5 other houses in the postcode and 1, James Close, Romford sits on the 4th largest plot.
According to HM Land Registry, 1, James Close, Romford was last sold on 18 Mar 2022 for £495,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has dropped 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, James Close, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 13, Heath Park Road, Romford, RM2 5UB, a Freehold house which sold for £593,000 in May 2022.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
James Close, Romford, RM2 has a total of 6 addresses. According to our analysis of all the public data, 1, James Close, Romford is the 5th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in RM2.
1, James Close, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Jul 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 1, James Close, Romford is Gidea Park station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, James Close, Romford, 41.2% of property is privately owned with a mortgage and 32.2% is privately rented.
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 1, James Close, Romford, 17.4% of residents are recorded as possessing school level qualifications and 43.3% 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 1, James Close, Romford, the average age was 42.1 and the most common age was 52.
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 1, James Close, Romford, 0.4% 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 1, James Close, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.