According to the public record, 10, Reed Pond Walk, Romford is a period freehold house with 1,991 ft2 of internal area and sits on a 662 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Reed Pond Walk, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
10, Reed Pond Walk, Romford has 41 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated February 2014.
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 10 Reed Pond Walk Romford as £1,200,078 and the rental value as £4,725 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 10 Reed Pond Walk Romford has decreased by £32,406 (2.7%) and its rental value has increased by £154 per month (3.3%).
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 10, Reed Pond Walk, Romford is in very good condition we estimate a sale value of £1,260,082 and rental value of £4,961 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,116,072 and a rental value of £4,394 per month.
If you were able to purchase this property for the estimated value of £1,200,078, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,898 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, 10, Reed Pond Walk, Romford sits on a plot of 662m2.
We have plot size data on 8 out of 14 other houses in the postcode and 10, Reed Pond Walk, Romford sits on the 4th largest plot.
According to HM Land Registry, 10, Reed Pond Walk, Romford was last sold on 28 Sep 2021 for £1,200,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Sep 2021, the market for similar properties has dropped 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Reed Pond Walk, Romford within a radius of 870 metres over the last 2 years.
The most recent example is 56, Parkway, Romford, RM2 5PA, a Freehold house which sold for £1,350,000 in Jun 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Pond Walk, Romford, RM2 has a total of 39 addresses. According to our analysis of all the public data, 10, Reed Pond Walk, Romford is the 6th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £684k more expensive than the average property in RM2.
10, Reed Pond Walk, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Feb 2014.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 10, Reed Pond Walk, Romford is Gidea Park station which is 1.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 10, Reed Pond Walk, Romford, 53.7% of property is privately owned outright and 42.5% 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 10, Reed Pond Walk, Romford, 11.2% of residents are recorded as possessing school level qualifications and 36.5% 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 10, Reed Pond Walk, Romford, the average age was 42.3 and the most common age was 32.
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 10, Reed Pond Walk, Romford, 2.5% 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 10, Reed Pond Walk, Romford, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.