According to the public record, 13, Broadway, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 2,960 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Broadway, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
13, Broadway, Romford has a single entry in the Land Registry database from February 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 13 Broadway Romford as £1,656,317 and the rental value as £6,521 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 13 Broadway Romford has decreased by £44,726 (2.7%) and its rental value has increased by £213 per month (3.3%).
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 13, Broadway, Romford is in very good condition we estimate a sale value of £1,739,133 and rental value of £6,847 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,540,375 and a rental value of £6,064 per month.
If you were able to purchase this property for the estimated value of £1,656,317, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £8,140 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 HM Land Registry, 13, Broadway, Romford was last sold on 15 Feb 2008 for £1,300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2008, the market for similar properties has risen 70.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 13, Broadway, Romford within a radius of 800 metres over the last 2 years.
The most recent example is 19, Gidea Close, Romford, RM2 5NP, a Freehold house which sold for £1,230,000 in Jun 2019.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Broadway, Romford, RM2 has a total of 15 addresses. According to our analysis of all the public data, 13, Broadway, Romford is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £1.14m more expensive than the average property in RM2.
The closest station to 13, Broadway, Romford is Gidea Park station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 13, Broadway, Romford, 44.2% of property is privately owned outright and 36.4% 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 13, Broadway, Romford, 18.6% 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 13, Broadway, Romford, the average age was 42.3 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 13, Broadway, Romford, 3.5% 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 13, Broadway, Romford, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.