According to the public record, 17, Silver Way, Romford is a mid-century freehold house with 828 ft2 of internal area and sits on a 199 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Silver Way, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
17, Silver Way, Romford has 31 entries in the Land Registry database, most recently in May 2008 and a single entry in the EPC database dated February 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 17 Silver Way Romford as £428,159 and the rental value as £1,910 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 17 Silver Way Romford has decreased by £3,782 (0.9%) and its rental value has increased by £95 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 17, Silver Way, Romford is in very good condition we estimate a sale value of £449,567 and rental value of £2,005 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £398,188 and a rental value of £1,776 per month.
If you were able to purchase this property for the estimated value of £428,159, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,104 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, 17, Silver Way, Romford sits on a plot of 199m2.
We have plot size data on 27 out of 35 other houses in the postcode and 17, Silver Way, Romford sits on the 12th largest plot.
According to HM Land Registry, 17, Silver Way, Romford was last sold on 21 May 2008 for £235,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2008, the market for similar properties has risen 89.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Silver Way, Romford within a radius of 650 metres over the last 2 years.
The most recent example is 82, Essex Road, Romford, RM7 8AX, a Freehold house which sold for £485,000 in Nov 2023.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Silver Way, Romford, RM7 has a total of 47 addresses. According to our analysis of all the public data, 17, Silver Way, Romford is the 30th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £52k more expensive than the average property in RM7.
17, Silver Way, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Feb 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 17, Silver Way, Romford is Romford station which is 2.1 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 17, Silver Way, Romford, 39.0% of property is privately owned with a mortgage and 34.3% 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 17, Silver Way, Romford, 24.3% of residents are recorded as possessing school level qualifications and 25.6% 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 17, Silver Way, Romford, the average age was 38.3 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 17, Silver Way, 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 17, Silver Way, Romford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.