According to the public record, 1, Wallace Way, Romford is a modern freehold house with 1,334 ft2 of internal area and sits on a 205 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Wallace Way, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
1, Wallace Way, Romford has 21 entries in the Land Registry database, most recently in February 2024 and a single entry in the EPC database dated May 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Wallace Way Romford as £505,045 and the rental value as £2,528 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 1 Wallace Way Romford has decreased by £11,893 (2.4%) and its rental value has increased by £109 per month (4.3%).
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, Wallace Way, Romford is in very good condition we estimate a sale value of £530,297 and rental value of £2,655 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,692 and a rental value of £2,351 per month.
If you were able to purchase this property for the estimated value of £505,045, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,482 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, Wallace Way, Romford sits on a plot of 205m2.
We have plot size data on 12 out of 24 other houses in the postcode and 1, Wallace Way, Romford sits on the 6th largest plot.
According to HM Land Registry, 1, Wallace Way, Romford was last sold on 23 Feb 2024 for £480,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2024, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Wallace Way, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 8, Wallace Way, Romford, RM1 4TG, a Freehold house which sold for £505,000 in Aug 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wallace Way, Romford, RM1 has a total of 24 addresses. According to our analysis of all the public data, 1, Wallace Way, Romford is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £111k more expensive than the average property in RM1.
1, Wallace Way, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 May 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Wallace Way, Romford is Romford station which is 2.6 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Wallace Way, Romford, 48.8% of property is privately owned outright and 43.3% is privately owned with a mortgage.
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, Wallace Way, Romford, 16.9% of residents are recorded as possessing school level qualifications and 25.8% 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, Wallace Way, Romford, the average age was 44 and the most common age was 57.
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, Wallace Way, Romford, 0.2% 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, Wallace Way, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.