According to the public record, 18, Silver Way, Romford is a mid-century freehold house with 1,054 ft2 of internal area and sits on a 172 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Silver Way, Romford, RM7 is located in the borough of Havering within the RM7 postal district.
18, Silver Way, Romford has 21 entries in the Land Registry database, most recently in March 2016 and a single entry in the EPC database dated August 2014.
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 18 Silver Way Romford as £485,847 and the rental value as £2,134 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 18 Silver Way Romford has decreased by £10,615 (2.2%) and its rental value has increased by £76 per month (3.6%).
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 18, Silver Way, Romford is in very good condition we estimate a sale value of £510,139 and rental value of £2,241 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £451,837 and a rental value of £1,985 per month.
If you were able to purchase this property for the estimated value of £485,847, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,388 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, 18, Silver Way, Romford sits on a plot of 172m2.
We have plot size data on 27 out of 35 other houses in the postcode and 18, Silver Way, Romford sits on the 17th largest plot.
According to HM Land Registry, 18, Silver Way, Romford was last sold on 31 Mar 2016 for £375,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 18.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Silver Way, Romford within a radius of 690 metres over the last 2 years.
The most recent example is 63, Forest Road, Romford, RM7 8DU, a Freehold house which sold for £475,000 in Jul 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, 18, Silver Way, Romford is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £110k more expensive than the average property in RM7.
18, Silver Way, Romford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Aug 2014.
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 18, 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 18, 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 18, 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 18, 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 18, 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 18, 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.