According to the public record, 117, Pettits Lane, Romford is a early-century freehold house with 1,593 ft2 of internal area and sits on a 678 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Pettits Lane, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
117, Pettits Lane, Romford has a single entry in the Land Registry database from August 2013 and a single entry in the EPC database dated April 2013.
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 117 Pettits Lane Romford as £730,388 and the rental value as £2,800 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 117 Pettits Lane Romford has decreased by £21,404 (2.9%) and its rental value has increased by £85 per month (3.0%).
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 117, Pettits Lane, Romford is in very good condition we estimate a sale value of £766,908 and rental value of £2,940 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £679,261 and a rental value of £2,604 per month.
If you were able to purchase this property for the estimated value of £730,388, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,590 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, 117, Pettits Lane, Romford sits on a plot of 678m2.
We have plot size data on 18 out of 31 other houses in the postcode and 117, Pettits Lane, Romford sits on the 3rd largest plot.
According to HM Land Registry, 117, Pettits Lane, Romford was last sold on 27 Aug 2013 for £402,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2013, the market for similar properties has risen 56.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 117, Pettits Lane, Romford within a radius of 640 metres over the last 2 years.
The most recent example is 10, Wayside Close, Romford, RM1 4ES, a Freehold house which sold for £850,000 in Feb 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Lane, Romford, RM1 has a total of 187 addresses. According to our analysis of all the public data, 117, Pettits Lane, Romford is the 41st largest and the 36th most expensive property on the street.
When compared to the postcode district it is £336k more expensive than the average property in RM1.
117, Pettits Lane, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Apr 2013.
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 117, Pettits Lane, Romford is Romford station which is 1.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 117, Pettits Lane, Romford, 48.4% of property is privately owned outright and 48.4% 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 117, Pettits Lane, Romford, 18.0% of residents are recorded as possessing school level qualifications and 33.5% 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 117, Pettits Lane, 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 117, Pettits Lane, Romford, 1.1% 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 117, Pettits Lane, Romford, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.