According to the public record, 101, Essex Road, Romford is a early-century freehold house with 785 ft2 of internal area and sits on a 225 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Essex Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
101, Essex Road, Romford has a single entry in the Land Registry database from May 2021 and a single entry in the EPC database dated December 2020.
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 101 Essex Road Romford as £393,291 and the rental value as £1,848 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 101 Essex Road Romford has decreased by £3,411 (0.9%) and its rental value has increased by £92 per month (5.0%).
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 101, Essex Road, Romford is in very good condition we estimate a sale value of £412,955 and rental value of £1,941 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £365,760 and a rental value of £1,719 per month.
If you were able to purchase this property for the estimated value of £393,291, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,933 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, 101, Essex Road, Romford sits on a plot of 225m2.
We have plot size data on 27 out of 41 other houses in the postcode and 101, Essex Road, Romford sits on the 21st largest plot.
According to HM Land Registry, 101, Essex Road, Romford was last sold on 07 May 2021 for £355,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 101, Essex Road, Romford within a radius of 730 metres over the last 2 years.
The most recent example is 78, Essex Road, Romford, RM7 8AX, a Freehold house which sold for £430,000 in Mar 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Essex Road, Romford, RM7 has a total of 148 addresses. According to our analysis of all the public data, 101, Essex Road, Romford is the 115th largest and the 92nd most expensive property on the street.
When compared to the postcode district it is £17k more expensive than the average property in RM7.
101, Essex Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2020.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 101, Essex Road, Romford is Romford station which is 2.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 101, Essex Road, Romford, 43.1% of property is privately owned outright and 37.5% 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 101, Essex Road, Romford, 23.6% of residents are recorded as possessing school level qualifications and 26.3% 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 101, Essex Road, Romford, the average age was 38.3 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 101, Essex Road, Romford, 0.3% 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 101, Essex Road, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.