According to the public record, 162, Clockhouse Lane, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 910 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Clockhouse Lane, Romford, RM5 is located in the borough of Havering within the RM5 postal district.
162, Clockhouse Lane, Romford has a single entry in the Land Registry database from June 2018 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.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 162 Clockhouse Lane Romford as £418,738 and the rental value as £1,980 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 162 Clockhouse Lane Romford has decreased by £6,624 (1.6%) and its rental value has increased by £108 per month (5.5%).
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 162, Clockhouse Lane, Romford is in very good condition we estimate a sale value of £439,675 and rental value of £2,079 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £389,426 and a rental value of £1,842 per month.
If you were able to purchase this property for the estimated value of £418,738, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,058 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, 162, Clockhouse Lane, Romford was last sold on 23 Jun 2018 for £355,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2018, the market for similar properties has risen 18.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 162, Clockhouse Lane, Romford within a radius of 500 metres over the last 2 years.
The most recent example is 142, Clockhouse Lane, Romford, RM5 2TJ, a Freehold house which sold for £435,000 in Oct 2023.
Read more about house prices in RM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clockhouse Lane, Romford, RM5 has a total of 179 addresses. According to our analysis of all the public data, 162, Clockhouse Lane, Romford is the 108th largest and the 124th most expensive property on the street.
When compared to the postcode district it is £27k more expensive than the average property in RM5.
The closest station to 162, Clockhouse Lane, Romford is Romford station which is 3.8 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 162, Clockhouse Lane, Romford, 46.2% of property is privately owned with a mortgage and 26.2% 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 162, Clockhouse Lane, Romford, 23.5% of residents are recorded as possessing school level qualifications and 29.4% 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 162, Clockhouse Lane, Romford, the average age was 38.8 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 162, Clockhouse Lane, 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 162, Clockhouse Lane, Romford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.