According to the public record, 151, Lodge Avenue, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,024 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lodge Avenue, Romford, RM2 is located in the borough of Havering within the RM2 postal district.
151, Lodge Avenue, Romford has a single entry in the Land Registry database from December 2007 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 151 Lodge Avenue Romford as £551,886 and the rental value as £2,401 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 151 Lodge Avenue Romford has decreased by £1,805 (0.3%) and its rental value has increased by £137 per month (5.7%).
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 151, Lodge Avenue, Romford is in very good condition we estimate a sale value of £579,480 and rental value of £2,521 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £513,254 and a rental value of £2,233 per month.
If you were able to purchase this property for the estimated value of £551,886, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,712 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, 151, Lodge Avenue, Romford was last sold on 18 Dec 2007 for £313,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 67.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 151, Lodge Avenue, Romford within a radius of 560 metres over the last 2 years.
The most recent example is 145, Lodge Avenue, Romford, RM2 5AH, a Freehold house which sold for £585,000 in Aug 2023.
Read more about house prices in RM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lodge Avenue, Romford, RM2 has a total of 153 addresses. According to our analysis of all the public data, 151, Lodge Avenue, Romford is the 87th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £36k more expensive than the average property in RM2.
The closest station to 151, Lodge Avenue, Romford is Gidea Park station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 151, Lodge Avenue, Romford, 50.8% of property is privately owned outright and 35.1% 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 151, Lodge Avenue, Romford, 17.5% of residents are recorded as possessing school level qualifications and 35.0% 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 151, Lodge Avenue, 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 151, Lodge Avenue, 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 151, Lodge Avenue, Romford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.