According to the public record, 15, Pettits Lane, Romford is a mid-century freehold house with 1,544 ft2 of internal area and sits on a 517 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Pettits Lane, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
15, Pettits Lane, Romford has 21 entries in the Land Registry database, most recently in October 2009 and a single entry in the EPC database dated June 2009.
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 Pettits Lane Romford as £607,928 and the rental value as £2,519 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 15 Pettits Lane Romford has decreased by £18,480 (3.0%) and its rental value has increased by £72 per month (2.9%).
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 15, Pettits Lane, Romford is in very good condition we estimate a sale value of £638,325 and rental value of £2,645 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £565,373 and a rental value of £2,343 per month.
If you were able to purchase this property for the estimated value of £607,928, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,988 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, Pettits Lane, Romford sits on a plot of 517m2.
We have plot size data on 12 out of 17 other houses in the postcode and 15, Pettits Lane, Romford sits on the 5th largest plot.
According to HM Land Registry, 15, Pettits Lane, Romford was last sold on 23 Oct 2009 for £356,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2009, the market for similar properties has risen 84.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Pettits Lane, Romford within a radius of 590 metres over the last 2 years.
The most recent example is 37, Kingston Road, Romford, RM1 3NB, a Freehold house which sold for £685,000 in Sep 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Lane, Romford, RM1 has a total of 187 addresses. According to our analysis of all the public data, 15, Pettits Lane, Romford is the 56th largest and the 99th most expensive property on the street.
When compared to the postcode district it is £214k more expensive than the average property in RM1.
15, Pettits Lane, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Jun 2009.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 15, Pettits Lane, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Pettits Lane, Romford, 48.0% of property is privately owned outright and 40.2% 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, Pettits Lane, Romford, 15.0% of residents are recorded as possessing school level qualifications and 36.0% 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 15, Pettits Lane, 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, Pettits Lane, Romford, 2.6% 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, Pettits Lane, Romford, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.