According to the public record, 14, Preston Road, Romford is a mid-century freehold house with 968 ft2 of internal area and sits on a 178 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Preston Road, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
14, Preston Road, Romford has a single entry in the Land Registry database from August 2015 and a single entry in the EPC database dated May 2015.
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 14 Preston Road Romford as £394,727 and the rental value as £1,937 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 14 Preston Road Romford has decreased by £4,510 (1.1%) and its rental value has increased by £93 per month (4.8%).
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 14, Preston Road, Romford is in very good condition we estimate a sale value of £414,463 and rental value of £2,034 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,096 and a rental value of £1,801 per month.
If you were able to purchase this property for the estimated value of £394,727, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,940 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, 14, Preston Road, Romford sits on a plot of 178m2.
We have plot size data on 24 out of 42 other houses in the postcode and 14, Preston Road, Romford sits on the 20th largest plot.
According to HM Land Registry, 14, Preston Road, Romford was last sold on 28 Aug 2015 for £249,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2015, the market for similar properties has risen 36.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Preston Road, Romford within a radius of 590 metres over the last 2 years.
The most recent example is 26, Preston Road, Romford, RM3 7YU, a Freehold house which sold for £395,000 in Mar 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Road, Romford, RM3 has a total of 66 addresses. According to our analysis of all the public data, 14, Preston Road, Romford is the 15th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in RM3.
14, Preston Road, Romford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 May 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 14, Preston Road, Romford is Harold Wood station which is 2.5 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 14, Preston Road, Romford, 33.9% of property is socially rented and 30.8% 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 14, Preston Road, Romford, 19.7% of residents are recorded as possessing school level qualifications and 21.4% 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 14, Preston Road, Romford, the average age was 38.4 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 14, Preston 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 14, Preston 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.