According to the public record, 181, Pettits Lane, Romford is a early-century freehold house with 1,076 ft2 of internal area and sits on a 503 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pettits Lane, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
181, Pettits Lane, Romford has 2 entries in the Land Registry database, most recently in November 2018 and a single entry in the EPC database dated November 2016.
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 181 Pettits Lane Romford as £576,967 and the rental value as £2,331 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 181 Pettits Lane Romford has decreased by £7,593 (1.3%) and its rental value has increased by £111 per month (4.7%).
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 181, Pettits Lane, Romford is in very good condition we estimate a sale value of £605,816 and rental value of £2,447 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £536,579 and a rental value of £2,168 per month.
If you were able to purchase this property for the estimated value of £576,967, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,836 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, 181, Pettits Lane, Romford sits on a plot of 503m2.
We have plot size data on 6 out of 17 other houses in the postcode and 181, Pettits Lane, Romford sits on the 2nd largest plot.
According to HM Land Registry, 181, Pettits Lane, Romford was last sold on 02 Nov 2018 for £670,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2018, the market for similar properties has risen 12.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 181, Pettits Lane, Romford within a radius of 580 metres over the last 2 years.
The most recent example is 177, Pettits Lane, Romford, RM1 4ED, a Freehold house which sold for £555,000 in Feb 2024.
Read more about house prices in RM1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettits Lane, Romford, RM1 has a total of 187 addresses. According to our analysis of all the public data, 181, Pettits Lane, Romford is the 118th largest and the 113th most expensive property on the street.
When compared to the postcode district it is £183k more expensive than the average property in RM1.
181, Pettits Lane, Romford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Nov 2016.
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 181, Pettits Lane, Romford is Romford station which is 1.7 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 181, Pettits Lane, Romford, 46.2% of property is privately owned with a mortgage and 40.2% 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 181, Pettits Lane, Romford, 17.6% 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 181, Pettits Lane, Romford, the average age was 44 and the most common age was 57.
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 181, Pettits Lane, Romford, 1.2% 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 181, Pettits Lane, Romford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.