According to the public record, 118, Norwood Avenue, Romford is a early-century freehold house with 925 ft2 of internal area and sits on a 310 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Norwood Avenue, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
118, Norwood Avenue, Romford has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated June 2022.
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 118 Norwood Avenue Romford as £416,827 and the rental value as £1,977 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 118 Norwood Avenue Romford has decreased by £2,608 (0.6%) and its rental value has increased by £96 per month (4.9%).
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 118, Norwood Avenue, Romford is in very good condition we estimate a sale value of £437,668 and rental value of £2,076 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £387,649 and a rental value of £1,838 per month.
If you were able to purchase this property for the estimated value of £416,827, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,049 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, 118, Norwood Avenue, Romford sits on a plot of 310m2.
We have plot size data on 14 out of 29 other houses in the postcode and 118, Norwood Avenue, Romford sits on the 9th largest plot.
According to HM Land Registry, 118, Norwood Avenue, Romford was last sold on 04 Nov 2022 for £450,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has dropped 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 118, Norwood Avenue, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 14, Lilliput Road, Romford, RM7 0BJ, a Freehold house which sold for £450,000 in Apr 2024.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norwood Avenue, Romford, RM7 has a total of 120 addresses. According to our analysis of all the public data, 118, Norwood Avenue, Romford is the 88th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in RM7.
118, Norwood Avenue, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Jun 2022.
The property is not connected to mains gas and has mostly double glazing. It is heated using electric storage heaters.
The closest station to 118, Norwood Avenue, Romford is Romford station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 118, Norwood Avenue, Romford, 45.0% of property is privately owned outright and 38.3% 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 118, Norwood Avenue, Romford, 23.6% of residents are recorded as possessing school level qualifications and 35.9% 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 118, Norwood Avenue, Romford, the average age was 35.1 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 118, Norwood Avenue, Romford, 0.5% 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 118, Norwood Avenue, 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.