According to the public record, 178, London Road, Romford is a early-century freehold house with 635 ft2 of internal area and sits on a 242 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
London Road, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
178, London Road, Romford has 41 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated September 2022.
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 178 London Road Romford as £372,549 and the rental value as £1,716 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 178 London Road Romford has increased by £1,180 (0.3%) and its rental value has increased by £101 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 178, London Road, Romford is in very good condition we estimate a sale value of £391,176 and rental value of £1,802 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,470 and a rental value of £1,596 per month.
If you were able to purchase this property for the estimated value of £372,549, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,831 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, 178, London Road, Romford sits on a plot of 242m2.
According to HM Land Registry, 178, London Road, Romford was last sold on 21 May 2021 for £350,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since May 2021, the market for similar properties has risen 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 178, London Road, Romford within a radius of 480 metres over the last 2 years.
The most recent example is 12, Eastbury Road, Romford, RM7 9AL, a Freehold house which sold for £350,000 in Feb 2021.
Read more about house prices in RM7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Romford, RM7 has a total of 479 addresses. According to our analysis of all the public data, 178, London Road, Romford is the 253rd largest and the 79th most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in RM7.
178, London Road, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Sep 2022.
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 178, London Road, Romford is Romford station which is 1.0 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 178, London Road, Romford, 30.9% of property is privately owned with a mortgage and 30.0% is privately rented.
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 178, London Road, Romford, 24.8% of residents are recorded as possessing school level qualifications and 35.2% 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 178, London Road, Romford, the average age was 35.1 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 178, London Road, 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 178, London Road, Romford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.