According to the public record, 103, Essex Road, Romford is a early-century freehold house with 893 ft2 of internal area and sits on a 251 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.
103, Essex Road, Romford has a single entry in the Land Registry database from November 2012 and a single entry in the EPC database dated January 2011.
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 103 Essex Road Romford as £417,829 and the rental value as £1,934 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 103 Essex Road Romford has decreased by £3,624 (0.9%) and its rental value has increased by £97 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 103, Essex Road, Romford is in very good condition we estimate a sale value of £438,720 and rental value of £2,030 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £388,581 and a rental value of £1,798 per month.
If you were able to purchase this property for the estimated value of £417,829, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,054 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, 103, Essex Road, Romford sits on a plot of 251m2.
We have plot size data on 27 out of 41 other houses in the postcode and 103, Essex Road, Romford sits on the 13th largest plot.
According to HM Land Registry, 103, Essex Road, Romford was last sold on 16 Nov 2012 for £229,300 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2012, the market for similar properties has risen 82.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 103, Essex Road, Romford within a radius of 740 metres over the last 2 years.
The most recent example is 108, Essex Road, Romford, RM7 8AX, a Freehold house which sold for £300,000 in Feb 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, 103, Essex Road, Romford is the 56th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £42k more expensive than the average property in RM7.
103, Essex Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 31 Jan 2011.
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 103, Essex Road, Romford is Romford station which is 2.0 kilometres 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 103, 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 103, 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 103, 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 103, 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 103, 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.