According to the public record, 12, Palm Road, Romford is a period freehold house with 1,732 ft2 of internal area and sits on a 276 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Palm Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
12, Palm Road, Romford has 2 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated May 2021.
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 12 Palm Road Romford as £550,724 and the rental value as £2,650 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 12 Palm Road Romford has decreased by £14,676 (2.7%) and its rental value has increased by £74 per month (2.8%).
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, Palm Road, Romford is in very good condition we estimate a sale value of £578,260 and rental value of £2,782 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £512,173 and a rental value of £2,464 per month.
If you were able to purchase this property for the estimated value of £550,724, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,707 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, 12, Palm Road, Romford sits on a plot of 276m2.
We have plot size data on 14 out of 22 other houses in the postcode and 12, Palm Road, Romford sits on the 11th largest plot.
According to HM Land Registry, 12, Palm Road, Romford was last sold on 04 Feb 2022 for £550,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has dropped 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Palm Road, Romford within a radius of 470 metres over the last 2 years.
The most recent example is 118, Mildmay Road, Romford, RM7 7BU, a Freehold house which sold for £610,000 in Oct 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palm Road, Romford, RM7 has a total of 51 addresses. According to our analysis of all the public data, 12, Palm Road, Romford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £175k more expensive than the average property in RM7.
12, Palm Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 May 2021.
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, Palm Road, Romford is Romford station which is 1.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Palm Road, Romford, 39.8% of property is privately owned outright and 37.3% 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 12, Palm Road, Romford, 18.2% of residents are recorded as possessing school level qualifications and 35.5% 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 12, Palm 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 12, Palm 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 12, Palm Road, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.