According to the public record, 124, Somerville Road, Romford is a early-century freehold house with 951 ft2 of internal area and sits on a 224 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Somerville Road, Romford, RM6 is located in the borough of Redbridge within the RM6 postal district.
124, Somerville Road, Romford has a single entry in the Land Registry database from October 2010 and a single entry in the EPC database dated October 2010.
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 Somerville Road Romford as £465,148 and the rental value as £2,102 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 124 Somerville Road Romford has decreased by £3,164 (0.7%) and its rental value has increased by £86 per month (4.1%).
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, Somerville Road, Romford is in very good condition we estimate a sale value of £488,405 and rental value of £2,207 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £432,587 and a rental value of £1,955 per month.
If you were able to purchase this property for the estimated value of £465,148, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,286 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, Somerville Road, Romford sits on a plot of 224m2.
We have plot size data on 23 out of 33 other houses in the postcode and 124, Somerville Road, Romford sits on the 10th largest plot.
According to HM Land Registry, 124, Somerville Road, Romford was last sold on 22 Oct 2010 for £246,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2010, the market for similar properties has risen 88.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 124, Somerville Road, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 128, Brian Road, Romford, RM6 5BT, a Freehold house which sold for £465,000 in Feb 2024.
Read more about house prices in RM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerville Road, Romford, RM6 has a total of 204 addresses. According to our analysis of all the public data, 124, Somerville Road, Romford is the 72nd largest and the 67th most expensive property on the street.
When compared to the postcode district it is £91k more expensive than the average property in RM6.
124, Somerville Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Oct 2010.
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 124, Somerville Road, Romford is Chadwell Heath station which is 1.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 124, Somerville Road, Romford, 36.0% of property is privately owned with a mortgage and 27.2% 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, Somerville Road, Romford, 31.0% of residents are recorded as possessing school level qualifications and 42.4% 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, Somerville Road, Romford, the average age was 40.6 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 124, Somerville Road, 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 124, Somerville Road, 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.