According to the public record, 15, Junction Road, Romford is a period freehold house with 2,335 ft2 of internal area and sits on a 310 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Junction Road, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
15, Junction Road, Romford has 31 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated December 2020.
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 15 Junction Road Romford as £798,909 and the rental value as £3,283 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 15 Junction Road Romford has decreased by £23,657 (3.0%) and its rental value has increased by £98 per month (3.0%).
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, Junction Road, Romford is in very good condition we estimate a sale value of £838,855 and rental value of £3,447 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £742,986 and a rental value of £3,053 per month.
If you were able to purchase this property for the estimated value of £798,909, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,926 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, 15, Junction Road, Romford sits on a plot of 310m2.
We have plot size data on 2 out of 3 other houses in the postcode and 15, Junction Road, Romford sits on the 8th largest plot.
According to HM Land Registry, 15, Junction Road, Romford was last sold on 11 Nov 2022 for £850,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Junction Road, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 11, Pettits Lane, Romford, RM1 4HL, a Freehold house which sold for £860,000 in Mar 2021.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Junction Road, Romford, RM1 has a total of 193 addresses. According to our analysis of all the public data, 15, Junction Road, Romford is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £405k more expensive than the average property in RM1.
15, Junction Road, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Dec 2020.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas, Boiler and radiators, mains gas.
The closest station to 15, Junction Road, Romford is Romford station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Junction Road, Romford, 43.7% of property is privately rented and 35.0% 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, Junction Road, Romford, 11.1% of residents are recorded as possessing school level qualifications and 35.4% 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 15, Junction Road, Romford, the average age was 37 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, Junction Road, 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 15, Junction Road, Romford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.