According to the public record, 14, Scotspine Lane, Romford is a modern leasehold house with 893 ft2 of internal area and sits on a 1,748 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Scotspine Lane, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
14, Scotspine Lane, Romford has a single entry in the Land Registry database from May 2023 and a single entry in the EPC database dated September 2014.
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 Scotspine Lane Romford as £331,403 and the rental value as £1,748 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 14 Scotspine Lane Romford has decreased by £6,477 (2.0%) and its rental value has increased by £68 per month (3.9%).
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, Scotspine Lane, Romford is in very good condition we estimate a sale value of £347,973 and rental value of £1,835 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £308,205 and a rental value of £1,626 per month.
If you were able to purchase this property for the estimated value of £331,403, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,629 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, Scotspine Lane, Romford sits on a plot of 1748m2.
We have plot size data on 17 out of 17 other houses in the postcode and 14, Scotspine Lane, Romford sits on the 2nd largest plot.
According to HM Land Registry, 14, Scotspine Lane, Romford was last sold on 26 May 2023 for £130,500 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Scotspine Lane, Romford within a radius of 430 metres over the last 2 years.
The most recent example is 12, Scotspine Lane, Romford, RM3 0FY, a Leasehold house which sold for £380,000 in Mar 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Scotspine Lane, Romford, RM3 has a total of 17 addresses. According to our analysis of all the public data, 14, Scotspine Lane, Romford is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in RM3.
14, Scotspine Lane, Romford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Sep 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 14, Scotspine Lane, Romford is Harold Wood station which is 500 metres 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, Scotspine Lane, Romford, 37.4% of property is privately owned outright and 35.7% 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, Scotspine Lane, Romford, 13.1% of residents are recorded as possessing school level qualifications and 31.0% 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, Scotspine Lane, Romford, the average age was 40.7 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, Scotspine Lane, 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, Scotspine Lane, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.