According to the public record, 12, Nelson Close, Romford is a mid-century house with 850 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Nelson Close, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
12, Nelson Close, Romford has no records in the Land Registry database and a single entry in the EPC database dated May 2022.
We combine this information with public data 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 12 Nelson Close Romford as £374,088 and the rental value as £1,893 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 12 Nelson Close Romford has decreased by £5,355 (1.4%) and its rental value has increased by £104 per month (5.5%).
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 12, Nelson Close, Romford is in very good condition we estimate a sale value of £392,793 and rental value of £1,988 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £347,902 and a rental value of £1,761 per month.
If you were able to purchase this property for the estimated value of £374,088, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,839 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Nelson Close, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 7, Elizabeth Close, Romford, RM7 8NX, a Freehold house which sold for £405,000 in Jan 2022.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nelson Close, Romford, RM7 has a total of 14 addresses. According to our analysis of all the public data, 12, Nelson Close, Romford is the 5th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £2k less expensive than the average property in RM7.
12, Nelson Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 May 2022.
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 12, Nelson Close, Romford is Romford station which is 2.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Nelson Close, Romford, 31.9% of property is privately owned with a mortgage and 29.7% is socially rented.
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 12, Nelson Close, Romford, 20.5% of residents are recorded as possessing school level qualifications and 21.2% 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 12, Nelson Close, Romford, the average age was 39.2 and the most common age was 42.
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 12, Nelson Close, Romford, 0.0% 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 12, Nelson Close, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.