According to the public record, 15, Erroll Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 764 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Erroll Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
15, Erroll Road, Romford has a single entry in the Land Registry database from January 2009 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 15 Erroll Road Romford as £504,667 and the rental value as £2,134 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 15 Erroll Road Romford has decreased by £6,667 (1.3%) and its rental value has increased by £101 per month (4.7%).
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 15, Erroll Road, Romford is in very good condition we estimate a sale value of £529,901 and rental value of £2,240 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,341 and a rental value of £1,984 per month.
If you were able to purchase this property for the estimated value of £504,667, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,480 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, 15, Erroll Road, Romford was last sold on 30 Jan 2009 for £230,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2009, the market for similar properties has risen 95.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Erroll Road, Romford within a radius of 530 metres over the last 2 years.
The most recent example is 71, Glenwood Drive, Romford, RM2 5AR, a Freehold house which sold for £550,000 in Sep 2022.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erroll Road, Romford, RM1 has a total of 30 addresses. According to our analysis of all the public data, 15, Erroll Road, Romford is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £111k more expensive than the average property in RM1.
The closest station to 15, Erroll Road, Romford is Romford station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Erroll Road, Romford, 42.5% of property is privately owned with a mortgage and 41.6% 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 15, Erroll Road, Romford, 16.7% of residents are recorded as possessing school level qualifications and 39.8% 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 15, Erroll Road, 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 15, Erroll Road, Romford, 0.3% 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 15, Erroll Road, 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.