According to the public record, 16, Oaklands Avenue, Romford is a early-century freehold house with 1,945 ft2 of internal area and sits on a 927 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Oaklands Avenue, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
16, Oaklands Avenue, Romford has 21 entries in the Land Registry database, most recently in January 2011 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 16 Oaklands Avenue Romford as £951,751 and the rental value as £3,747 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 16 Oaklands Avenue Romford has decreased by £28,931 (3.0%) and its rental value has increased by £107 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 16, Oaklands Avenue, Romford is in very good condition we estimate a sale value of £999,338 and rental value of £3,934 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £885,128 and a rental value of £3,485 per month.
If you were able to purchase this property for the estimated value of £951,751, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,678 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, 16, Oaklands Avenue, Romford sits on a plot of 927m2.
We have plot size data on 21 out of 34 other houses in the postcode and 16, Oaklands Avenue, Romford sits on the 11th largest plot.
According to HM Land Registry, 16, Oaklands Avenue, Romford was last sold on 28 Jan 2011 for £680,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2011, the market for similar properties has risen 78.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Oaklands Avenue, Romford within a radius of 570 metres over the last 2 years.
The most recent example is 7, Oaklands Avenue, Romford, RM1 4DB, a Freehold house which sold for £1,015,000 in Jun 2023.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oaklands Avenue, Romford, RM1 has a total of 44 addresses. According to our analysis of all the public data, 16, Oaklands Avenue, Romford is the 27th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £558k more expensive than the average property in RM1.
16, Oaklands Avenue, Romford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 10 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 16, Oaklands Avenue, 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 16, Oaklands Avenue, 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 16, Oaklands Avenue, 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 16, Oaklands Avenue, 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 16, Oaklands Avenue, 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 16, Oaklands Avenue, 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.