According to the public record, 111, Essex Road, Romford is a early-century freehold house with 764 ft2 of internal area and sits on a 197 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.
111, Essex Road, Romford has 31 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated February 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 111 Essex Road Romford as £394,744 and the rental value as £1,861 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 111 Essex Road Romford has decreased by £3,424 (0.9%) and its rental value has increased by £93 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 111, Essex Road, Romford is in very good condition we estimate a sale value of £414,481 and rental value of £1,954 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,111 and a rental value of £1,731 per month.
If you were able to purchase this property for the estimated value of £394,744, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,940 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, 111, Essex Road, Romford sits on a plot of 197m2.
We have plot size data on 27 out of 41 other houses in the postcode and 111, Essex Road, Romford sits on the 27th largest plot.
According to HM Land Registry, 111, Essex Road, Romford was last sold on 14 Dec 2020 for £355,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2020, the market for similar properties has risen 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 111, Essex Road, Romford within a radius of 750 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, 111, Essex Road, Romford is the 122nd largest and the 85th most expensive property on the street.
When compared to the postcode district it is £19k more expensive than the average property in RM7.
111, Essex Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Feb 2020.
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 111, 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 111, 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 111, 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 111, 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 111, 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 111, 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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.