According to the public record, 16, Penzance Gardens, Romford is a mid-century freehold house with 710 ft2 of internal area and sits on a 162 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Penzance Gardens, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
16, Penzance Gardens, Romford has 21 entries in the Land Registry database, most recently in November 2017 and a single entry in the EPC database dated July 2017.
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 Penzance Gardens Romford as £324,555 and the rental value as £1,727 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 16 Penzance Gardens Romford has decreased by £3,234 (1.0%) and its rental value has increased by £85 per month (4.9%).
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, Penzance Gardens, Romford is in very good condition we estimate a sale value of £340,783 and rental value of £1,814 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £301,836 and a rental value of £1,607 per month.
If you were able to purchase this property for the estimated value of £324,555, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,595 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, Penzance Gardens, Romford sits on a plot of 162m2.
We have plot size data on 20 out of 39 other houses in the postcode and 16, Penzance Gardens, Romford sits on the 19th largest plot.
According to HM Land Registry, 16, Penzance Gardens, Romford was last sold on 21 Nov 2017 for £294,995 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2017, the market for similar properties has risen 17.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Penzance Gardens, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 85, St. Neots Road, Romford, RM3 9LT, a Freehold house which sold for £390,000 in Jun 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penzance Gardens, Romford, RM3 has a total of 39 addresses. According to our analysis of all the public data, 16, Penzance Gardens, Romford is the 30th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £36k less expensive than the average property in RM3.
16, Penzance Gardens, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Jul 2017.
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 16, Penzance Gardens, Romford is Harold Wood station which is 1.1 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 16, Penzance Gardens, Romford, 33.0% of property is privately owned with a mortgage and 29.4% 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, Penzance Gardens, Romford, 24.7% of residents are recorded as possessing school level qualifications and 33.2% 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, Penzance Gardens, Romford, the average age was 35.9 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, Penzance Gardens, Romford, 0.7% 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, Penzance Gardens, 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.