According to the public record, 14, Norman Close, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 918 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Norman Close, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
14, Norman Close, Romford has a single entry in the Land Registry database from January 2007 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 14 Norman Close Romford as £429,278 and the rental value as £1,944 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 14 Norman Close Romford has decreased by £7,915 (1.8%) and its rental value has increased by £99 per month (5.1%).
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 14, Norman Close, Romford is in very good condition we estimate a sale value of £450,742 and rental value of £2,042 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £399,229 and a rental value of £1,808 per month.
If you were able to purchase this property for the estimated value of £429,278, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,110 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, 14, Norman Close, Romford was last sold on 26 Jan 2007 for £216,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has risen 86.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Norman Close, Romford within a radius of 490 metres over the last 2 years.
The most recent example is 6, Norman Close, Romford, RM5 3EJ, a Freehold house which sold for £495,000 in Feb 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norman Close, Romford, RM5 has a total of 30 addresses. According to our analysis of all the public data, 14, Norman Close, Romford is the 24th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £37k more expensive than the average property in RM5.
The closest station to 14, Norman Close, Romford is Romford station which is 2.4 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 14, Norman Close, Romford, 44.5% of property is privately owned with a mortgage and 33.6% 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 14, Norman Close, Romford, 22.1% of residents are recorded as possessing school level qualifications and 30.8% 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 14, Norman Close, Romford, the average age was 40.2 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 14, Norman 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 14, Norman 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.