According to the public record, 162, Gubbins Lane, Romford is a early-century freehold house with 871 ft2 of internal area and sits on a 247 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gubbins Lane, Romford, RM3 is located in the borough of Havering within the RM3 postal district.
162, Gubbins Lane, Romford has 2 entries in the Land Registry database, most recently in April 2017 and a single entry in the EPC database dated November 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 162 Gubbins Lane Romford as £425,696 and the rental value as £1,905 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 162 Gubbins Lane Romford has decreased by £10,032 (2.4%) and its rental value has increased by £66 per month (3.5%).
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, Gubbins Lane, Romford is in very good condition we estimate a sale value of £446,981 and rental value of £2,000 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £395,898 and a rental value of £1,771 per month.
If you were able to purchase this property for the estimated value of £425,696, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,092 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, 162, Gubbins Lane, Romford sits on a plot of 247m2.
We have plot size data on 5 out of 15 other houses in the postcode and 162, Gubbins Lane, Romford sits on the 5th largest plot.
According to HM Land Registry, 162, Gubbins Lane, Romford was last sold on 21 Apr 2017 for £375,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2017, the market for similar properties has risen 16.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 162, Gubbins Lane, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 114, Gubbins Lane, Romford, RM3 0DR, a Freehold house which sold for £450,000 in May 2024.
Read more about house prices in RM3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gubbins Lane, Romford, RM3 has a total of 133 addresses. According to our analysis of all the public data, 162, Gubbins Lane, Romford is the 91st largest and the 90th most expensive property on the street.
When compared to the postcode district it is £65k more expensive than the average property in RM3.
162, Gubbins Lane, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Nov 2015.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 162, Gubbins Lane, Romford is Harold Wood station which is 500 metres 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 162, Gubbins Lane, Romford, 43.9% of property is privately owned outright and 29.0% 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 162, Gubbins Lane, Romford, 20.8% of residents are recorded as possessing school level qualifications and 29.0% 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 162, Gubbins Lane, Romford, the average age was 40.7 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 162, Gubbins Lane, Romford, 1.1% 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, Gubbins Lane, Romford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.