According to the public record, 183, Pettits Lane, Romford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,098 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Pettits Lane, Romford, RM1 is located in the borough of Havering within the RM1 postal district.
183, Pettits Lane, Romford has a single entry in the Land Registry database from June 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 183 Pettits Lane Romford as £582,510 and the rental value as £2,346 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 183 Pettits Lane Romford has decreased by £7,666 (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 183, Pettits Lane, Romford is in very good condition we estimate a sale value of £611,636 and rental value of £2,463 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £541,735 and a rental value of £2,181 per month.
If you were able to purchase this property for the estimated value of £582,510, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,863 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 HM Land Registry, 183, Pettits Lane, Romford was last sold on 30 Jun 2010 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2010, the market for similar properties has risen 76.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 183, Pettits Lane, Romford within a radius of 590 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, 183, Pettits Lane, Romford is the 115th largest and the 109th most expensive property on the street.
When compared to the postcode district it is £188k more expensive than the average property in RM1.
The closest station to 183, 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 183, 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 183, 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 183, 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 183, 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 183, 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.