According to the public record, 15, Parkway, Romford is a mid-century freehold house with 3,100 ft2 of internal area and sits on a 1,283 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Parkway, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
15, Parkway, Romford has 2 entries in the Land Registry database, most recently in June 2015 and a single entry in the EPC database dated October 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 15 Parkway Romford as £1,522,595 and the rental value as £5,994 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 15 Parkway Romford has decreased by £41,115 (2.7%) and its rental value has increased by £196 per month (3.3%).
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, Parkway, Romford is in very good condition we estimate a sale value of £1,598,725 and rental value of £6,294 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,416,013 and a rental value of £5,575 per month.
If you were able to purchase this property for the estimated value of £1,522,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,483 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, Parkway, Romford sits on a plot of 1283m2.
We have plot size data on 16 out of 34 other houses in the postcode and 15, Parkway, Romford sits on the 5th largest plot.
According to HM Land Registry, 15, Parkway, Romford was last sold on 24 Jun 2015 for £1,280,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2015, the market for similar properties has risen 26.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Parkway, Romford within a radius of 750 metres over the last 2 years.
The most recent example is Rosemore, Heaton Grange Road, Romford, RM2 5PP, a Freehold house which sold for £1,333,000 in Jan 2024.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parkway, Romford, RM2 has a total of 62 addresses. According to our analysis of all the public data, 15, Parkway, Romford is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £1.007m more expensive than the average property in RM2.
15, Parkway, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Oct 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 15, Parkway, Romford is Gidea Park station which is 1.2 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 15, Parkway, Romford, 53.7% of property is privately owned outright and 42.5% 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 15, Parkway, Romford, 11.2% of residents are recorded as possessing school level qualifications and 36.5% 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, Parkway, 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, Parkway, Romford, 2.5% 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 15, Parkway, Romford, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.