According to the public record, 16, William Close, Romford is a mid-century freehold house with 1,270 ft2 of internal area and sits on a 171 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
William Close, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
16, William Close, Romford has 41 entries in the Land Registry database, most recently in June 2020 and a single entry in the EPC database dated July 2015.
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 William Close Romford as £454,348 and the rental value as £2,176 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 16 William Close Romford has decreased by £12,615 (2.8%) and its rental value has increased by £82 per month (3.8%).
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, William Close, Romford is in very good condition we estimate a sale value of £477,066 and rental value of £2,285 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £422,544 and a rental value of £2,024 per month.
If you were able to purchase this property for the estimated value of £454,348, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,233 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, William Close, Romford sits on a plot of 171m2.
We have plot size data on 18 out of 30 other houses in the postcode and 16, William Close, Romford sits on the 8th largest plot.
According to HM Land Registry, 16, William Close, Romford was last sold on 30 Jun 2020 for £386,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jun 2020, the market for similar properties has risen 10.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, William Close, Romford within a radius of 520 metres over the last 2 years.
The most recent example is 41, Heather Way, Romford, RM1 4SX, a Freehold house which sold for £450,000 in Sep 2021.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
William Close, Romford, RM5 has a total of 30 addresses. According to our analysis of all the public data, 16, William Close, Romford is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £62k more expensive than the average property in RM5.
16, William Close, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jul 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 16, William Close, Romford is Romford station which is 2.2 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, William Close, Romford, 45.5% of property is privately owned outright and 36.6% 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, William Close, Romford, 17.3% of residents are recorded as possessing school level qualifications and 23.9% 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, William Close, Romford, the average age was 40.2 and the most common age was 42.
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, William Close, 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, William Close, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.