According to the public record, 124, Pettits Lane, Romford is a early-century freehold house with 1,436 ft2 of internal area and sits on a 436 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.
124, Pettits Lane, Romford has a single entry in the Land Registry database from August 2013 and a single entry in the EPC database dated November 2008.
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 124 Pettits Lane Romford as £656,530 and the rental value as £2,554 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 124 Pettits Lane Romford has decreased by £19,239 (2.9%) and its rental value has increased by £77 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 124, Pettits Lane, Romford is in very good condition we estimate a sale value of £689,356 and rental value of £2,682 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £610,573 and a rental value of £2,375 per month.
If you were able to purchase this property for the estimated value of £656,530, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,227 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, 124, Pettits Lane, Romford sits on a plot of 436m2.
We have plot size data on 15 out of 24 other houses in the postcode and 124, Pettits Lane, Romford sits on the 14th largest plot.
According to HM Land Registry, 124, Pettits Lane, Romford was last sold on 27 Aug 2013 for £425,000 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 124, Pettits Lane, Romford within a radius of 630 metres over the last 2 years.
The most recent example is 122, Pettits Lane, Romford, RM1 4EJ, a Freehold house which sold for £710,000 in Jan 2022.
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, 124, Pettits Lane, Romford is the 74th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £262k more expensive than the average property in RM1.
124, Pettits Lane, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 Nov 2008.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 124, Pettits Lane, Romford is Romford station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 124, Pettits Lane, Romford, 46.2% of property is privately owned with a mortgage and 40.2% is privately owned outright.
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 124, Pettits Lane, Romford, 17.6% of residents are recorded as possessing school level qualifications and 35.2% 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 124, 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 124, Pettits Lane, Romford, 1.2% 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 124, Pettits Lane, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.