According to the public record, 168, Gorseway, Romford is a early-century freehold house with 527 ft2 of internal area and sits on a 198 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Gorseway, Romford, RM7 is located in the borough of Barking and Dagenham within the RM7 postal district.
168, Gorseway, Romford has 2 entries in the Land Registry database, most recently in June 2020 and a single entry in the EPC database dated October 2019.
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 168 Gorseway Romford as £316,798 and the rental value as £1,497 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 168 Gorseway Romford has increased by £621 (0.2%) and its rental value has increased by £88 per month (5.9%).
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 168, Gorseway, Romford is in very good condition we estimate a sale value of £332,638 and rental value of £1,571 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,622 and a rental value of £1,392 per month.
If you were able to purchase this property for the estimated value of £316,798, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,557 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, 168, Gorseway, Romford sits on a plot of 198m2.
We have plot size data on 25 out of 40 other houses in the postcode and 168, Gorseway, Romford sits on the 20th largest plot.
According to HM Land Registry, 168, Gorseway, Romford was last sold on 26 Jun 2020 for £303,300 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2020, the market for similar properties has risen 12.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 168, Gorseway, Romford within a radius of 510 metres over the last 2 years.
The most recent example is 28, Foxglove Road, Romford, RM7 0YQ, a Freehold house which sold for £350,000 in Sep 2021.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorseway, Romford, RM7 has a total of 261 addresses. According to our analysis of all the public data, 168, Gorseway, Romford is the 261st largest and the 261st most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in RM7.
168, Gorseway, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Oct 2019.
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 168, Gorseway, Romford is Elm Park station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 168, Gorseway, Romford, 45.5% of property is privately owned with a mortgage and 38.0% 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 168, Gorseway, Romford, 17.1% of residents are recorded as possessing school level qualifications and 26.2% 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 168, Gorseway, Romford, the average age was 38.7 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 168, Gorseway, Romford, 0.2% 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 168, Gorseway, 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.