According to the public record, 16, Cedar Road, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 441 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Cedar Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
16, Cedar Road, Romford has a single entry in the Land Registry database from February 2006 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 16 Cedar Road Romford as £267,723 and the rental value as £1,271 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 16 Cedar Road Romford has increased by £442 (0.2%) and its rental value has increased by £76 per month (6.0%).
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 16, Cedar Road, Romford is in very good condition we estimate a sale value of £281,109 and rental value of £1,335 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,982 and a rental value of £1,182 per month.
If you were able to purchase this property for the estimated value of £267,723, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,316 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, 16, Cedar Road, Romford was last sold on 24 Feb 2006 for £188,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 510 metres radius of 16, Cedar Road, Romford over the last 2 years.
The most recent example is 18, Cedar Road, Romford, RM7 7JS, a Freehold house which sold for £405,000 in Sep 2019.
Read more about house prices in RM7.
Cedar Road, Romford, RM7 has a total of 110 addresses. According to our analysis of all the public data, 16, Cedar Road, Romford is the 101st largest and the 109th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in RM7.
The closest station to 16, Cedar Road, Romford is Romford station which is 1.3 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Cedar Road, Romford, 49.1% of property is privately owned with a mortgage and 23.3% 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 16, Cedar Road, Romford, 25.6% of residents are recorded as possessing school level qualifications and 36.3% 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 16, Cedar Road, Romford, the average age was 38.3 and the most common age was 37.
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 16, Cedar 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 16, Cedar Road, Romford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.